GAP’s (GAP) “Market Perform” Rating Reiterated at Telsey Advisory Group

GAP (NYSE:GAP)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $26.00 price objective on the stock. Telsey Advisory Group’s target price indicates a potential upside of 21.72% from the company’s current price.

Several other analysts also recently issued reports on the company. Wells Fargo & Company dropped their price target on GAP from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. upped their price target on GAP from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Finally, Argus raised shares of GAP to a “hold” rating in a research report on Thursday, September 19th.

GAP Stock Down 0.7 %

Shares of GAP traded down $0.16 on Monday, hitting $21.36. The company’s stock had a trading volume of 5,436,136 shares, compared to its average volume of 6,953,504. The business has a fifty day moving average of $21.21. GAP has a fifty-two week low of $17.51 and a fifty-two week high of $30.75. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 1.23 and a beta of 2.35.

GAP (NYSE:GAP) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.15. GAP had a net margin of 5.05% and a return on equity of 28.89%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.61 billion. As a group, equities analysts predict that GAP will post 1.88 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Horacio Barbeito sold 75,385 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total value of $1,507,700.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 31.00% of the stock is currently owned by insiders.

About GAP

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.