GAP (NYSE:GAP) Price Target Cut to $25.00 by Analysts at UBS Group

GAP (NYSE:GAP) had its target price cut by UBS Group from $26.00 to $25.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also issued reports on GAP. Guggenheim reissued a “buy” rating and issued a $35.00 target price on shares of GAP in a research report on Friday, November 22nd. Argus upgraded GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, January 21st. Barclays boosted their target price on shares of GAP from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Friday. BMO Capital Markets increased their price target on shares of GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, November 22nd. Finally, Robert W. Baird lowered their price target on shares of GAP from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.25.

GAP Stock Down 3.1 %

NYSE:GAP opened at $22.44 on Monday. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $23.12. The company has a market capitalization of $8.46 billion, a PE ratio of 10.39, a P/E/G ratio of 0.94 and a beta of 2.38. GAP has a twelve month low of $18.54 and a twelve month high of $30.75.

GAP (NYSE:GAP) last posted its earnings results on Thursday, March 6th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.36 by $0.18. GAP had a net margin of 5.40% and a return on equity of 29.03%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.07 billion. On average, analysts expect that GAP will post 2.02 EPS for the current fiscal year.

GAP Increases Dividend

The firm 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. This represents a $0.66 annualized dividend and a yield of 2.94%. This is an increase from GAP’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, April 9th. GAP’s dividend payout ratio (DPR) is currently 29.86%.

Insiders Place Their Bets

In other news, major shareholder John J. Fisher sold 250,000 shares of GAP stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $24.18, for a total value of $6,045,000.00. Following the completion of the sale, the insider now directly owns 1,000,752 shares in the company, valued at $24,198,183.36. The trade was a 19.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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.