GAP (NYSE:GAP) Earns “Market Perform” Rating from Telsey Advisory Group

GAP (NYSE:GAP)‘s stock had its “market perform” rating reiterated by research analysts at Telsey Advisory Group in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $26.00 price objective on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 23.81% from the stock’s current price.

GAP has been the topic of several other reports. Wells Fargo & Company reduced their price objective on GAP from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Argus upgraded shares of GAP to a “hold” rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of GAP from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, August 30th.

GAP Trading Down 1.7 %

NYSE:GAP opened at $21.00 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.49 and a quick ratio of 0.84. The stock has a market cap of $7.90 billion, a P/E ratio of 10.40, a P/E/G ratio of 1.23 and a beta of 2.35. The company’s 50-day simple moving average is $21.27. GAP has a twelve month low of $17.51 and a twelve month high of $30.75.

GAP (NYSE:GAP) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. GAP had a net margin of 5.05% and a return on equity of 28.89%. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.61 billion. On average, equities research analysts predict that GAP will post 1.88 earnings per share for the current year.

Insider Buying and Selling

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 transaction of $1,507,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 31.00% of the stock is currently owned by company insiders.

GAP Company Profile

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.