The Gap, Inc. (NYSE:GAP) Receives $28.67 Average Target Price from Brokerages

Shares of The Gap, Inc. (NYSE:GAP) have received an average rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $28.30.

A number of equities analysts have commented on GAP shares. Morgan Stanley lifted their price objective on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets raised their price objective on GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday. UBS Group boosted their target price on GAP from $14.00 to $16.00 and gave the company a “sell” rating in a research report on Friday. Evercore ISI raised their price target on GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Guggenheim reissued a “buy” rating and issued a $35.00 target price on shares of GAP in a research note on Friday.

Insider Activity at GAP

In other GAP news, CEO Horacio Barbeito sold 75,385 shares of the business’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 filing with the Securities & Exchange Commission, which can be accessed through this link. 31.00% of the stock is currently owned by corporate insiders.

GAP Trading Up 12.8 %

NYSE:GAP opened at $24.87 on Friday. The stock has a 50-day moving average price of $21.39. GAP has a 12 month low of $18.34 and a 12 month high of $30.75. The stock has a market capitalization of $9.36 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.26 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 (NYSE:GAP) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.15. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. GAP had a return on equity of 30.10% and a net margin of 5.40%. On average, research analysts forecast that GAP will post 1.87 earnings per share for the current year.

GAP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.41%. GAP’s payout ratio is 27.78%.

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.