GAP (NYSE:GAP) Price Target Raised to $16.00

GAP (NYSE:GAP) had its price objective increased by analysts at UBS Group from $14.00 to $16.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “sell” rating on the stock. UBS Group’s target price indicates a potential downside of 35.67% from the company’s current price.

A number of other research firms have also issued reports on GAP. JPMorgan Chase & Co. boosted their price target on shares of GAP from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Friday. Telsey Advisory Group restated a “market perform” rating and set a $26.00 price target on shares of GAP in a report on Monday. Barclays boosted their price target on shares of GAP from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday. Bank of America boosted their price target on shares of GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday. Finally, Argus upgraded shares of GAP to a “hold” rating in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $28.30.

GAP Trading Up 12.8 %

GAP stock traded up $2.83 on Friday, hitting $24.87. 35,376,656 shares of the company’s stock traded hands, compared to its average volume of 7,146,390. GAP has a 1-year low of $18.34 and a 1-year high of $30.75. The firm has a market cap of $9.36 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.20 and a beta of 2.35. The stock’s fifty day moving average is $21.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.49.

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

Insiders Place Their Bets

In other GAP news, CEO Horacio Barbeito sold 75,385 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total value of $1,507,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.