GAP (NYSE:GAP) Price Target Lowered to $25.00 at UBS Group

GAP (NYSE:GAP) had its price target lowered by investment analysts at UBS Group from $26.00 to $25.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 11.15% from the stock’s previous close.

Several other analysts also recently issued reports on the company. Bank of America raised their price target on GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Telsey Advisory Group restated a “market perform” rating and issued a $26.00 target price on shares of GAP in a report on Friday. BMO Capital Markets upped their target price on GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, November 22nd. Wells Fargo & Company lifted their price target on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Argus upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

GAP Trading Down 2.8 %

NYSE:GAP traded down $0.66 on Monday, hitting $22.49. 9,998,674 shares of the stock were exchanged, compared to its average volume of 6,107,880. The business has a fifty day moving average of $23.14. The stock has a market capitalization of $8.48 billion, a PE ratio of 10.41, a PEG ratio of 0.94 and a beta of 2.38. GAP has a fifty-two week low of $18.54 and a fifty-two week high of $30.75. 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 (NYSE:GAP) last posted its earnings results on Thursday, March 6th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.18. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.07 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. As a group, analysts predict that GAP will post 2.02 earnings per share for the current year.

Insider Buying and Selling at GAP

In related news, major shareholder John J. Fisher sold 250,000 shares of GAP stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $24.18, for a total value of $6,045,000.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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.