GAP (NYSE:GAP) Upgraded by Argus to Buy Rating

GAP (NYSE:GAP) was upgraded by stock analysts at Argus from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The brokerage currently has a $27.00 price target on the stock. Argus’ target price would indicate a potential upside of 14.87% from the company’s current price.

Several other analysts also recently weighed in on GAP. Morgan Stanley boosted their price target on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Wells Fargo & Company lifted their target price on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Barclays increased their price target on shares of GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Guggenheim restated a “buy” rating and set a $35.00 price objective on shares of GAP in a research note on Friday, November 22nd. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $26.00 price objective on shares of GAP in a research note on Monday, November 18th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.27.

GAP Stock Performance

Shares of GAP stock opened at $23.51 on Tuesday. GAP has a fifty-two week low of $18.34 and a fifty-two week high of $30.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 1.05 and a beta of 2.36. The business’s 50-day simple moving average is $23.84.

GAP (NYSE:GAP) last released its earnings results on Thursday, November 21st. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.16. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. GAP’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS. As a group, equities analysts forecast that GAP will post 2.02 earnings per share for the current year.

Insider Buying and Selling

In related news, Director William Sydney Fisher sold 123,950 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $26.24, for a total value of $3,252,448.00. Following the transaction, the director now directly owns 3,696,517 shares in the company, valued at approximately $96,996,606.08. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Katrina O’connell sold 87,557 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $25.45, for a total value of $2,228,325.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 955,375 shares of company stock worth $24,316,219. 31.00% of the stock is owned by corporate insiders.

About GAP

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.