The Gap, Inc. (NYSE:GAP) Receives $28.86 Average Price Target from Analysts

by · The Cerbat Gem

Shares of The Gap, Inc. (NYSE:GAP – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $28.8571.

A number of analysts recently issued reports on GAP shares. Guggenheim started coverage on shares of GAP in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Telsey Advisory Group raised shares of GAP from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $26.00 to $32.00 in a research note on Wednesday, December 17th. Morgan Stanley raised their target price on GAP from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Bank of America upped their price target on GAP from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. Finally, Wells Fargo & Company set a $30.00 price target on GAP and gave the stock an “overweight” rating in a research report on Tuesday, December 16th.

Read Our Latest Report on GAP

GAP Stock Performance

Shares of GAP stock opened at $25.97 on Friday. GAP has a 52-week low of $16.99 and a 52-week high of $29.29. The company has a quick ratio of 0.97, a current ratio of 1.72 and a debt-to-equity ratio of 0.41. The stock has a market cap of $9.66 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 2.91 and a beta of 2.28. The business has a 50-day simple moving average of $25.17 and a 200-day simple moving average of $22.80.

GAP (NYSE:GAP – Get Free Report) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. GAP had a return on equity of 24.91% and a net margin of 5.57%.The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same period last year, the business earned $0.72 earnings per share. GAP’s quarterly revenue was up 3.0% 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 7th will be given a dividend of $0.165 per share. The ex-dividend date is Wednesday, January 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.5%. GAP’s dividend payout ratio (DPR) is 29.46%.

Insider Transactions at GAP

In related news, major shareholder John J. Fisher sold 3,971 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $27.04, for a total value of $107,375.84. Following the completion of the sale, the insider owned 746,781 shares of the company’s stock, valued at approximately $20,192,958.24. The trade was a 0.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Fisher sold 500,000 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $27.45, for a total transaction of $13,725,000.00. Following the transaction, the director directly owned 2,329,502 shares in the company, valued at approximately $63,944,829.90. The trade was a 17.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,349,044 shares of company stock worth $36,857,065 in the last ninety days. Company insiders own 31.00% of the company’s stock.

Institutional Investors Weigh In On GAP

A number of large investors have recently modified their holdings of the business. Danske Bank A S purchased a new position in shares of GAP in the third quarter worth about $765,000. Verity Asset Management Inc. purchased a new stake in GAP during the 3rd quarter valued at about $758,000. Public Employees Retirement System of Ohio raised its holdings in GAP by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 71,867 shares of the company’s stock valued at $1,537,000 after acquiring an additional 447 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in GAP by 4.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,588,800 shares of the company’s stock worth $98,154,000 after purchasing an additional 180,991 shares in the last quarter. Finally, Fiduciary Trust Co purchased a new position in GAP in the 3rd quarter worth approximately $1,716,000. Hedge funds and other institutional investors own 58.81% of the company’s stock.

GAP Company Profile

(Get Free Report)

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.

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