Barclays Boosts GAP (NYSE:GAP) Price Target to $32.00

GAP (NYSE:GAP) had its price objective raised by Barclays from $31.00 to $32.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

GAP has been the subject of a number of other reports. Wells Fargo & Company dropped their price target on shares of GAP from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. upped their price target on shares of GAP from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Morgan Stanley upped their price target on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday. Telsey Advisory Group restated a “market perform” rating and set a $26.00 target price on shares of GAP in a research report on Monday, November 18th. Finally, Argus upgraded shares of GAP to a “hold” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, GAP currently has an average rating of “Hold” and a consensus target price of $28.30.

GAP Trading Down 0.1 %

Shares of GAP stock opened at $24.85 on Friday. The stock has a market capitalization of $9.35 billion, a PE ratio of 11.50, a P/E/G ratio of 1.35 and a beta of 2.35. GAP has a 12 month low of $18.34 and a 12 month high of $30.75. The firm’s 50 day simple moving average is $21.48. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. As a group, equities analysts forecast that GAP will post 1.97 earnings per share for the current year.

GAP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.60 annualized dividend and a yield of 2.41%. GAP’s dividend payout ratio (DPR) is currently 27.78%.

Insider Buying and Selling at GAP

In other GAP news, CEO Horacio Barbeito sold 75,385 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $1,507,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 31.00% of the stock is 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.