GAP (NYSE:GPS) had its target price raised by equities researchers at Barclays from $21.00 to $42.00 in a report issued on Friday, March 2nd, MarketBeat.com reports. The brokerage presently has an “overweight” rating on the apparel retailer’s stock. Barclays’ target price indicates a potential upside of 37.61% from the stock’s previous close.
Several other analysts have also commented on the stock. TheStreet lowered shares of GAP from a “b” rating to a “c+” rating in a report on Monday, November 13th. KeyCorp restated an “overweight” rating on shares of GAP in a report on Friday, November 17th. Zacks Investment Research downgraded shares of GAP from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Royal Bank of Canada raised their target price on shares of GAP from $26.00 to $28.00 and gave the company a “sector perform” rating in a research note on Friday, November 17th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of GAP in a research note on Thursday, December 14th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. GAP has a consensus rating of “Hold” and a consensus price target of $31.99.
GAP (NYSE:GPS) opened at $30.52 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.04 and a current ratio of 1.86. The stock has a market capitalization of $12,074.56, a PE ratio of 14.26, a PEG ratio of 1.48 and a beta of 0.88. GAP has a 12 month low of $21.02 and a 12 month high of $35.68.
In other GAP news, CEO Jeff Kirwan sold 101,820 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $33.73, for a total value of $3,434,388.60. Following the sale, the chief executive officer now owns 101,820 shares in the company, valued at approximately $3,434,388.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder John J. Fisher sold 500,000 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $34.43, for a total transaction of $17,215,000.00. Following the completion of the sale, the insider now owns 2,319,396 shares in the company, valued at approximately $79,856,804.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,275,756 shares of company stock worth $42,361,835. 27.30% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. bought a new stake in shares of GAP in the 4th quarter worth about $85,153,000. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of GAP by 305.0% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,624,032 shares of the apparel retailer’s stock worth $77,488,000 after buying an additional 1,976,200 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of GAP in the 4th quarter worth about $56,689,000. TIAA CREF Investment Management LLC increased its holdings in shares of GAP by 32.5% in the 4th quarter. TIAA CREF Investment Management LLC now owns 5,231,621 shares of the apparel retailer’s stock worth $178,189,000 after buying an additional 1,283,314 shares during the last quarter. Finally, American International Group Inc. increased its holdings in shares of GAP by 6.9% in the 4th quarter. American International Group Inc. now owns 17,739,940 shares of the apparel retailer’s stock worth $604,222,000 after buying an additional 1,142,639 shares during the last quarter. Institutional investors and hedge funds own 58.30% of the company’s stock.
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The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.
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