The Gap, Inc. (NYSE:GAP) Receives $29.27 Average PT from Analysts

Shares of The Gap, Inc. (NYSE:GAP) have received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $29.27.

GAP has been the subject of a number of recent research reports. Guggenheim restated a “buy” rating and set a $35.00 target price on shares of GAP in a research report on Friday, November 22nd. Wells Fargo & Company upped their target price on shares of GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. UBS Group upgraded shares of GAP from a “sell” rating to a “neutral” rating and upped their target price for the company from $16.00 to $26.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. upgraded shares of GAP from a “neutral” rating to an “overweight” rating and upped their target price for the company from $28.00 to $30.00 in a research report on Monday, December 2nd. Finally, Morgan Stanley raised their price objective on shares of GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd.

Insiders Place Their Bets

In other news, CFO Katrina O’connell sold 87,557 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $25.45, for a total transaction of $2,228,325.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William Sydney Fisher sold 123,950 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $26.24, for a total transaction of $3,252,448.00. Following the sale, the director now directly owns 3,696,517 shares of the company’s stock, valued at $96,996,606.08. This represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 955,375 shares of company stock worth $24,316,219. Corporate insiders own 31.00% of the company’s stock.

GAP Stock Up 0.8 %

Shares of NYSE:GAP opened at $22.78 on Wednesday. GAP has a 12 month low of $18.72 and a 12 month high of $30.75. The stock’s 50-day moving average is $24.09. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 0.97 and a beta of 2.36.

GAP (NYSE:GAP) last issued its quarterly earnings results on Thursday, November 21st. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.16. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.81 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. GAP’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. As a group, equities analysts predict that GAP will post 2.02 earnings per share for the current fiscal year.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.