GAP (NYSE:GAP) Stock Rating Upgraded by Argus

GAP (NYSE:GAP) was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Marketbeat.com reports. The firm presently has a $27.00 target price on the stock. Argus’ price objective suggests a potential upside of 9.58% from the company’s current price.

Several other analysts have also issued reports on the stock. Morgan Stanley boosted their price target on shares of GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI increased their target price on GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 price target on shares of GAP in a report on Monday, November 18th. Guggenheim reiterated a “buy” rating and set a $35.00 price objective on shares of GAP in a research note on Friday, November 22nd. Finally, Barclays raised their target price on GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.27.

GAP Trading Down 1.0 %

NYSE:GAP opened at $24.64 on Tuesday. GAP has a 12 month low of $18.61 and a 12 month high of $30.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84. The business has a 50 day moving average of $23.90. The company has a market cap of $9.29 billion, a PE ratio of 11.41, a PEG ratio of 1.05 and a beta of 2.36.

GAP (NYSE:GAP) last issued its quarterly earnings results on Thursday, November 21st. The company reported $0.72 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 analysts’ expectations of $3.81 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts predict that GAP will post 2.02 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Katrina O’connell sold 87,557 shares of the stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder John J. Fisher sold 250,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was 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 directly owns 1,000,752 shares of the company’s stock, valued at $24,198,183.36. This represents a 19.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 955,375 shares of company stock worth $24,316,219. 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.