GAP (NYSE:GAP) Price Target Raised to $33.00

GAP (NYSE:GAP) had its price objective upped by Barclays from $32.00 to $33.00 in a research note published on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on GAP. Telsey Advisory Group restated a “market perform” rating and set a $26.00 target price on shares of GAP in a report on Friday, February 28th. Guggenheim restated a “buy” rating and set a $35.00 target price on shares of GAP in a report on Friday, November 22nd. JPMorgan Chase & Co. upgraded shares of GAP from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $28.00 to $30.00 in a report on Monday, December 2nd. BMO Capital Markets raised their target price on shares of GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Finally, Evercore ISI raised their target price on shares of GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.33.

GAP Price Performance

NYSE GAP opened at $23.24 on Friday. GAP has a 12 month low of $18.54 and a 12 month high of $30.75. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.94 and a beta of 2.38. The company’s 50 day moving average is $23.14.

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

GAP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.165 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.84%. This is a positive change from GAP’s previous quarterly dividend of $0.15. GAP’s dividend payout ratio (DPR) is 29.86%.

Insider Buying and Selling at GAP

In other GAP news, major shareholder John J. Fisher sold 250,000 shares of GAP stock in a transaction on 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 of the company’s stock, valued at $24,198,183.36. This trade represents a 19.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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.