Barclays Raises GAP (NYSE:GAP) Price Target to $33.00

GAP (NYSE:GAP) had its target price raised by stock analysts at Barclays from $32.00 to $33.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 42.01% from the company’s previous close.

GAP has been the subject of a number of other reports. Morgan Stanley raised their target price on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Bank of America raised their price objective on shares of GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Argus raised shares of GAP from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, January 21st. Guggenheim reissued a “buy” rating and issued a $35.00 price target on shares of GAP in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. upgraded shares of GAP from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $28.00 to $30.00 in a research note on Monday, December 2nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.33.

GAP Price Performance

Shares of NYSE GAP opened at $23.24 on Friday. The firm has a market cap of $8.76 billion, a P/E ratio of 10.76, a P/E/G ratio of 0.94 and a beta of 2.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84. The business’s 50 day moving average price is $23.14. GAP has a 1 year low of $18.54 and a 1 year high of $30.75.

GAP (NYSE:GAP) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.18. GAP had a net margin of 5.40% and a return on equity of 29.03%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.07 billion. As a group, research analysts expect that GAP will post 2.02 EPS for the current year.

Insider Activity at GAP

In other news, major shareholder John J. Fisher sold 250,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $24.18, for a total transaction of $6,045,000.00. Following the completion of the sale, the insider now owns 1,000,752 shares in the company, valued at approximately $24,198,183.36. This represents a 19.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Sydney Fisher sold 123,950 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $26.24, for a total value of $3,252,448.00. Following the completion of the transaction, the director now owns 3,696,517 shares in the company, valued at $96,996,606.08. This trade represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. 31.00% of the stock is owned by insiders.

About GAP

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.