Analysts Set The Gap, Inc. (NYSE:GAP) Price Target at $29.27

Shares of The Gap, Inc. (NYSE:GAP) have received an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $29.27.

Several equities analysts have recently weighed in on GAP shares. Argus upgraded GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, January 21st. Evercore ISI lifted their price target on shares of GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Barclays upped their price target on shares of GAP from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. BMO Capital Markets raised their price objective on shares of GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Finally, Guggenheim reissued a “buy” rating and issued a $35.00 target price on shares of GAP in a research report on Friday, November 22nd.

Insiders Place Their Bets

In other news, Director William Sydney Fisher sold 123,950 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $26.24, for a total transaction of $3,252,448.00. Following the transaction, the director now directly owns 3,696,517 shares of the company’s stock, valued at approximately $96,996,606.08. The trade was a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder John J. Fisher sold 250,000 shares of GAP stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $24.18, for a total value of $6,045,000.00. Following the sale, the insider now directly owns 1,000,752 shares in the company, valued at approximately $24,198,183.36. The trade was a 19.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 31.00% of the company’s stock.

GAP Price Performance

GAP stock opened at $19.52 on Friday. The firm has a market capitalization 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. GAP has a 52-week low of $18.54 and a 52-week high of $30.75. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average is $23.17.

GAP (NYSE:GAP) last announced its 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 analyst estimates of $4.07 billion. On average, equities research analysts predict that GAP will post 2.02 EPS for the current fiscal year.

GAP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, April 9th. This is a boost from GAP’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 3.38%. GAP’s dividend payout ratio is currently 30.56%.

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.