Robert W. Baird Has Lowered Expectations for GAP (NYSE:GAP) Stock Price

GAP (NYSE:GAP) had its price objective reduced by equities researchers at Robert W. Baird from $31.00 to $29.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 48.58% from the company’s previous close.

Several other research firms have also commented on GAP. Guggenheim reaffirmed a “buy” rating and set a $35.00 target price on shares of GAP in a report on Friday, November 22nd. JPMorgan Chase & Co. upped their price objective on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday. Argus upgraded GAP from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, January 21st. Evercore ISI upped their price target on shares of GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 price objective on shares of GAP in a report on Friday. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.33.

GAP Trading Down 1.6 %

GAP stock opened at $19.52 on Friday. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 0.94 and a beta of 2.36. The firm’s 50 day moving average price is $23.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54. GAP has a 12-month low of $18.54 and a 12-month high of $30.75.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.18. GAP had a net margin of 5.40% and a return on equity of 29.03%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.07 billion. On average, research analysts forecast that GAP will post 2.02 EPS for the current fiscal year.

Insider Activity at GAP

In other GAP news, Director William Sydney Fisher sold 123,950 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $26.24, for a total transaction of $3,252,448.00. Following the completion of the sale, the director now directly owns 3,696,517 shares of the company’s stock, valued at approximately $96,996,606.08. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder John J. Fisher sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $24.18, for a total transaction of $6,045,000.00. Following the completion of the sale, 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. Company 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.