Telsey Advisory Group Reiterates “Market Perform” Rating for GAP (NYSE:GAP)

GAP (NYSE:GAP)‘s stock had its “market perform” rating reiterated by investment analysts at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They currently have a $26.00 price objective on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 15.04% from the stock’s current price.

A number of other research analysts have also weighed in on GAP. Morgan Stanley raised their target price on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Guggenheim restated a “buy” rating and set a $35.00 price target on shares of GAP in a report on Friday, November 22nd. UBS Group upgraded shares of GAP from a “sell” rating to a “neutral” rating and raised their price target for the stock from $16.00 to $26.00 in a report on Friday, January 10th. Bank of America raised their price target on shares of GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company raised their price target on shares of GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.27.

GAP Price Performance

GAP opened at $22.60 on Friday. 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 simple moving average of $23.48. GAP has a 1-year low of $18.72 and a 1-year high of $30.75. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 0.94 and a beta of 2.36.

Insider Activity at GAP

In other GAP news, CFO Katrina O’connell sold 87,557 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $25.45, for a total value of $2,228,325.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the insider now owns 1,000,752 shares of the company’s stock, valued at approximately $24,198,183.36. This trade represents a 19.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 955,375 shares of company stock worth $24,316,219. 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.