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

Telsey Advisory Group restated their market perform rating on shares of GAP (NYSE:GAP) in a report issued on Monday morning,Benzinga reports. They currently have a $26.00 price target on the stock.

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

GAP Price Performance

NYSE:GAP opened at $20.63 on Monday. GAP has a one year low of $17.84 and a one year high of $30.75. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The firm has a market cap of $7.76 billion, a P/E ratio of 10.21, a PEG ratio of 1.23 and a beta of 2.35. The stock’s 50 day simple moving average is $21.29.

GAP (NYSE:GAP) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.15. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. GAP had a net margin of 5.05% and a return on equity of 28.89%. Equities research analysts expect that GAP will post 1.88 EPS for the current year.

GAP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.91%. The ex-dividend date is Wednesday, January 8th. GAP’s dividend payout ratio (DPR) is presently 29.70%.

Insiders Place Their Bets

In related news, CEO Horacio Barbeito sold 75,385 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $1,507,700.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 31.00% of the company’s stock.

GAP Company Profile

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.