GAP (NYSE:GAP) Rating Increased to Neutral at UBS Group

UBS Group upgraded shares of GAP (NYSE:GAPFree Report) from a sell rating to a neutral rating in a research note published on Friday morning, Marketbeat Ratings reports. UBS Group currently has $26.00 price objective on the stock, up from their previous price objective of $16.00.

GAP has been the subject of several other reports. Morgan Stanley upped their target price on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Barclays boosted their target price on shares of GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. BMO Capital Markets raised their price target on shares of GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, November 22nd. Wells Fargo & Company boosted their price objective on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Guggenheim restated a “buy” rating and issued a $35.00 target price on shares of GAP in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.50.

Read Our Latest Analysis on GAP

GAP Stock Performance

Shares of NYSE GAP opened at $24.10 on Friday. The stock has a market capitalization of $9.09 billion, a P/E ratio of 11.16, a PEG ratio of 1.08 and a beta of 2.36. 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’s fifty day moving average price is $23.68. GAP has a 1 year low of $18.34 and a 1 year high of $30.75.

GAP (NYSE:GAPGet Free Report) last posted its earnings results on Thursday, November 21st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.16. GAP had a net margin of 5.40% and a return on equity of 29.03%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the company posted $0.59 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts expect that GAP will post 2.02 EPS for the current year.

GAP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 annualized dividend and a dividend yield of 2.49%. GAP’s dividend payout ratio is presently 27.78%.

Insider Activity at GAP

In other news, CFO Katrina O’connell sold 87,557 shares of GAP stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $25.45, for a total transaction of $2,228,325.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William Sydney Fisher sold 243,868 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $26.02, for a total value of $6,345,445.36. Following the completion of the transaction, the director now owns 3,820,467 shares of the company’s stock, valued at $99,408,551.34. The trade was a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 955,375 shares of company stock valued at $24,316,219. 31.00% of the stock is owned by company insiders.

GAP Company Profile

(Get Free Report)

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.

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Analyst Recommendations for GAP (NYSE:GAP)

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