GAP (NYSE:GAP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

GAP (NYSE:GAP) had its target price hoisted by analysts at JPMorgan Chase & Co. from $25.00 to $29.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 4.81% from the stock’s previous close.

Several other brokerages have also recently issued reports on GAP. Barclays decreased their price objective on GAP from $33.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, May 12th. Argus upgraded GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, January 21st. Robert W. Baird cut their target price on GAP from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company lowered GAP from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $30.00 to $24.00 in a report on Wednesday, April 30th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $26.00 price target on shares of GAP in a research note on Friday, March 7th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, GAP currently has an average rating of “Moderate Buy” and an average price target of $27.21.

GAP Stock Up 1.0%

NYSE GAP traded up $0.28 on Monday, reaching $27.67. 1,724,753 shares of the stock traded hands, compared to its average volume of 6,980,655. GAP has a 12 month low of $16.99 and a 12 month high of $27.65. The company has a fifty day moving average price of $21.03 and a 200-day moving average price of $22.52. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.94 and a beta of 2.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54.

GAP (NYSE:GAP) last announced its earnings results on Thursday, March 6th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.18. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.07 billion. GAP had a return on equity of 29.03% and a net margin of 5.40%. As a group, research analysts forecast that GAP will post 2.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Mark Breitbard sold 16,055 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $20.43, for a total value of $328,003.65. Following the sale, the chief executive officer now owns 123,985 shares in the company, valued at approximately $2,533,013.55. This represents a 11.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Elisabeth B. Donohue sold 3,539 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $21.04, for a total transaction of $74,460.56. Following the completion of the sale, the director now owns 4,000 shares in the company, valued at approximately $84,160. This trade represents a 46.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 177,495 shares of company stock worth $3,598,459 in the last quarter. 30.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On GAP

A number of institutional investors have recently modified their holdings of GAP. Hexagon Capital Partners LLC acquired a new stake in shares of GAP in the 1st quarter valued at about $30,000. First Horizon Advisors Inc. acquired a new stake in GAP during the first quarter worth about $75,000. Brooklyn Investment Group acquired a new stake in GAP during the first quarter worth about $80,000. Deseret Mutual Benefit Administrators acquired a new stake in GAP during the first quarter worth about $81,000. Finally, Covestor Ltd acquired a new stake in GAP during the first quarter worth about $82,000. Institutional investors and hedge funds own 58.81% of the company’s stock.

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.