GAP’s (GAP) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of GAP (NYSE:GAP) in a research report report published on Friday morning, Benzinga reports. Telsey Advisory Group currently has a $26.00 price objective on the stock.

GAP has been the topic of several other reports. JPMorgan Chase & Co. raised their price objective on GAP from $27.00 to $28.00 and gave the company a neutral rating in a research report on Friday, August 30th. Argus upgraded GAP to a hold rating in a report on Thursday, September 19th.

GAP Price Performance

GAP stock opened at $21.80 on Friday. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of -0.80, a PEG ratio of 1.18 and a beta of 2.35. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 0.51. GAP has a 12-month low of $11.20 and a 12-month high of $30.75.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.39 by $0.15. GAP had a net margin of 5.05% and a return on equity of 28.89%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. As a group, sell-side analysts forecast that GAP will post 1.88 earnings per share for the current fiscal year.

GAP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a yield of 2.75%. GAP’s dividend payout ratio (DPR) is -2.21%.

Insiders Place Their Bets

In other news, CEO Horacio Barbeito sold 75,385 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total value of $1,507,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 31.00% of the stock is owned by company insiders.

About GAP

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.