UBS Group Cuts GAP (NYSE:GAP) Price Target to $25.00

GAP (NYSE:GAP) had its target price decreased by UBS Group from $26.00 to $25.00 in a research report sent to investors on Monday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other research firms also recently commented on GAP. Bank of America raised their price objective on GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Robert W. Baird cut their price target on shares of GAP from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. BMO Capital Markets lifted their price target on shares of GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, November 22nd. Argus raised shares of GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, January 21st. Finally, Evercore ISI lifted their target price on shares of GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.25.

GAP Stock Down 2.7 %

Shares of NYSE:GAP opened at $21.05 on Monday. The stock has a market capitalization of $7.94 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.94 and a beta of 2.38. The firm has a fifty day simple moving average of $23.03. GAP has a 52 week low of $18.54 and a 52 week high of $30.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54.

GAP (NYSE:GAP) last released its earnings results on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.18. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.07 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. Sell-side analysts expect that GAP will post 2.02 earnings per share for the current fiscal year.

GAP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a $0.165 dividend. This is a boost from GAP’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, April 9th. This represents a $0.66 annualized dividend and a dividend yield of 3.14%. GAP’s payout ratio is 29.86%.

Insider Activity at GAP

In other GAP news, major shareholder John J. Fisher sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $24.18, for a total value of $6,045,000.00. Following the transaction, the insider now directly owns 1,000,752 shares of the company’s stock, valued at $24,198,183.36. This represents a 19.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 31.00% of the stock is currently owned by company 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.