The Gap, Inc. (NYSE:GAP) Receives $29.50 Consensus Target Price from Brokerages

Shares of The Gap, Inc. (NYSE:GAP) have earned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $29.50.

A number of equities analysts have recently weighed in on the company. Bank of America upped their price objective on GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. BMO Capital Markets upped their price target on GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, November 22nd. Morgan Stanley lifted their price objective 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. Guggenheim restated a “buy” rating and set a $35.00 target price on shares of GAP in a research report on Friday, November 22nd. Finally, Wells Fargo & Company raised their target price on shares of GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd.

GAP Stock Performance

NYSE:GAP opened at $22.99 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average is $23.73. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 1.08 and a beta of 2.36. GAP has a 52-week low of $18.34 and a 52-week high of $30.75.

GAP (NYSE:GAP) last released its earnings results on Thursday, November 21st. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.16. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.81 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 EPS. Equities analysts forecast that GAP will post 2.02 earnings per share for the current fiscal year.

GAP Dividend Announcement

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 paid a $0.15 dividend. 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 2.61%. GAP’s payout ratio is currently 27.78%.

Insider Transactions at GAP

In other GAP news, major shareholder John J. Fisher sold 250,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 1,000,752 shares of the company’s stock, 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. Also, Director William Sydney Fisher sold 243,868 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $26.02, for a total value of $6,345,445.36. Following the sale, the director now owns 3,820,467 shares in the company, valued at approximately $99,408,551.34. This trade represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 955,375 shares of company stock worth $24,316,219 in the last three months. Insiders own 31.00% of the company’s stock.

About GAP

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.