GAP’s (GAP) “Buy” Rating Reiterated at Guggenheim

Guggenheim reaffirmed their buy rating on shares of GAP (NYSE:GAP) in a report published on Friday morning,Benzinga reports. They currently have a $35.00 target price on the stock.

GAP has been the topic of several other research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 price target on shares of GAP in a research note on Monday, November 18th. Morgan Stanley boosted their price target on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday. Argus upgraded GAP to a “hold” rating in a research note on Thursday, September 19th. Wells Fargo & Company boosted their price target on GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Barclays boosted their price target on GAP from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $28.30.

GAP Trading Up 12.8 %

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

GAP (NYSE:GAP) last announced its earnings results on Thursday, August 29th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.15. GAP had a return on equity of 30.10% and a net margin of 5.40%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. On average, equities research analysts forecast that GAP will post 1.87 EPS for the current year.

GAP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.15 per share. 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 currently 27.78%.

Insider Buying and Selling at GAP

In related news, CEO Horacio Barbeito sold 75,385 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $1,507,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 31.00% of the company’s stock.

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.