GAP (NYSE:GAP) Price Target Raised to $25.00

GAP (NYSE:GAP) had its price objective increased by BMO Capital Markets from $23.00 to $25.00 in a report released on Friday morning,Benzinga reports. They currently have a market perform rating on the stock.

GAP has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price target on GAP from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday. Barclays upped their price target on GAP from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday. Evercore ISI upped their price target on shares of GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday. Morgan Stanley raised their price objective on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Bank of America upped their target price on shares of GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday. One research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.30.

GAP Price Performance

Shares of GAP stock opened at $24.87 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 0.51. The stock has a market cap of $9.36 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 1.26 and a beta of 2.35. The firm’s 50-day moving average price is $21.39. GAP has a 12 month low of $18.34 and a 12 month high of $30.75.

GAP (NYSE:GAP) last released its earnings results on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. GAP had a return on equity of 30.10% and a net margin of 5.40%. Equities research analysts anticipate that GAP will post 1.87 earnings per share for the current year.

GAP Announces Dividend

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

Insiders Place Their Bets

In other GAP news, CEO Horacio Barbeito sold 75,385 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction of $1,507,700.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.