GAP (NYSE:GAP) Stock Rating Upgraded by UBS Group

GAP (NYSE:GAP) was upgraded by stock analysts at UBS Group from a “sell” rating to a “neutral” rating in a note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a $26.00 price target on the stock, up from their prior price target of $16.00. UBS Group’s price target would suggest a potential upside of 7.88% from the company’s current price.

A number of other research firms have also issued reports on GAP. 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 report on Monday, December 2nd. Bank of America raised their target price on shares of GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. BMO Capital Markets boosted their price target on GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, November 22nd. Morgan Stanley raised their price objective on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Guggenheim reiterated a “buy” rating and issued a $35.00 target price on shares of GAP in a research note on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.50.

GAP Trading Up 1.2 %

Shares of GAP opened at $24.10 on Friday. GAP has a 12-month low of $18.34 and a 12-month high of $30.75. The firm has a market capitalization of $9.09 billion, a PE ratio of 11.16, a P/E/G ratio of 1.08 and a beta of 2.36. 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 business’s 50-day simple moving average is $23.68.

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

Insider Transactions at GAP

In related news, Director Robert J. Fisher sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $25.78, for a total transaction of $6,445,000.00. Following the sale, the director now directly owns 3,579,502 shares in the company, valued at approximately $92,279,561.56. This trade represents a 6.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Katrina O’connell sold 87,557 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 955,375 shares of company stock valued at $24,316,219 over the last 90 days. Corporate insiders own 31.00% of the company’s stock.

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.