The Gap, Inc. (NYSE:GAP) Receives $29.27 Consensus PT from Brokerages

The Gap, Inc. (NYSE:GAP) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $29.27.

Several equities analysts recently weighed in on the stock. Bank of America raised their price objective on shares of GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised shares of GAP from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $28.00 to $30.00 in a research note on Monday, December 2nd. Evercore ISI lifted their price objective 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. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 price target on shares of GAP in a research note on Monday, November 18th. Finally, Morgan Stanley upped their price target on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd.

Insiders Place Their Bets

In other GAP news, Director William Sydney Fisher sold 243,868 shares of GAP stock in a transaction on Friday, December 6th. The shares were sold at an average price of $26.02, for a total transaction of $6,345,445.36. Following the sale, the director now owns 3,820,467 shares in the company, valued at $99,408,551.34. The trade was a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Fisher sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $25.78, for a total transaction of $6,445,000.00. Following the transaction, the director now directly owns 3,579,502 shares of the company’s stock, valued at $92,279,561.56. The trade was a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 955,375 shares of company stock worth $24,316,219 in the last ninety days. Insiders own 31.00% of the company’s stock.

GAP Stock Up 0.8 %

GAP stock opened at $22.78 on Wednesday. The firm’s fifty day moving average is $24.09. 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 $18.72 and a 12 month high of $30.75. The stock has a market cap of $8.59 billion, a PE ratio of 10.55, a P/E/G ratio of 0.97 and a beta of 2.36.

GAP (NYSE:GAP) last issued its earnings results on Thursday, November 21st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.16. GAP had a return on equity of 29.03% and a net margin of 5.40%. The company 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 firm posted $0.59 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts expect that GAP will post 2.02 earnings per share for the current fiscal year.

GAP Company Profile

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.