GAP (NYSE:GAP) Price Target Raised to $32.00

GAP (NYSE:GAP) had its price objective upped by equities research analysts at Barclays from $31.00 to $32.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 45.12% from the company’s current price.

Several other research analysts also recently commented on the stock. Wells Fargo & Company decreased their target price 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. Telsey Advisory Group reaffirmed a “market perform” rating and set a $26.00 price objective on shares of GAP in a research note on Monday. Argus raised GAP to a “hold” rating in a research note on Thursday, September 19th. Bank of America upped their price target on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday. Finally, 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 report on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, GAP has a consensus rating of “Hold” and a consensus price target of $28.67.

GAP Trading Up 6.9 %

Shares of NYSE:GAP opened at $22.05 on Friday. GAP has a 12-month low of $18.34 and a 12-month 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 company’s 50-day moving average is $21.32. The company has a market capitalization of $8.30 billion, a PE ratio of 10.92, a P/E/G ratio of 1.20 and a beta of 2.35.

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

Insiders Place Their Bets

In other GAP news, CEO Horacio Barbeito sold 75,385 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction of $1,507,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.