GAP’s (GAP) Market Perform Rating Reiterated at Telsey Advisory Group

GAP (NYSE:GAP)‘s stock had its “market perform” rating restated by Telsey Advisory Group in a research note issued on Monday,Benzinga reports. They presently have a $26.00 price target on the stock. Telsey Advisory Group’s price target suggests a potential upside of 21.72% from the stock’s current price.

Several other brokerages have also recently commented on GAP. Argus upgraded GAP to a “hold” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. increased their price objective on shares of GAP from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company dropped their target price on shares of GAP from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th.

GAP Trading Down 0.7 %

Shares of GAP stock traded down $0.16 during mid-day trading on Monday, reaching $21.36. 5,436,136 shares of the stock were exchanged, compared to its average volume of 6,953,504. The company has a market capitalization of $8.04 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 1.23 and a beta of 2.35. GAP has a fifty-two week low of $17.51 and a fifty-two week high of $30.75. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The company has a 50-day simple moving average of $21.21.

GAP (NYSE:GAP) last posted 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 company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.61 billion. GAP had a net margin of 5.05% and a return on equity of 28.89%. On average, research analysts predict that GAP will post 1.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other GAP news, CEO Horacio Barbeito sold 75,385 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.