Analysts Set The Gap, Inc. (NYSE:GAP) Target Price at $28.67

The Gap, Inc. (NYSE:GAP) has been given a consensus rating of “Hold” by the eleven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $28.30.

Several research analysts have weighed in on GAP shares. Barclays increased their price target on shares of GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Guggenheim reaffirmed a “buy” rating and issued a $35.00 target price on shares of GAP in a report on Friday, November 22nd. Bank of America lifted their target price on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Morgan Stanley upped their price target on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, UBS Group raised their price objective on GAP from $14.00 to $16.00 and gave the stock a “sell” rating in a research note on Friday, November 22nd.

GAP Stock Performance

Shares of NYSE:GAP opened at $24.22 on Friday. GAP has a 52-week low of $18.34 and a 52-week high of $30.75. The stock has a market capitalization of $9.11 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.13 and a beta of 2.35. 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 50-day moving average price of $21.72.

GAP (NYSE:GAP) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. GAP had a net margin of 5.40% and a return on equity of 29.03%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. As a group, equities analysts forecast that GAP will post 1.98 earnings per share for the current fiscal year.

GAP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.48%. The ex-dividend date is Wednesday, January 8th. GAP’s dividend payout ratio (DPR) is presently 27.78%.

Insiders Place Their Bets

In other 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 value of $1,507,700.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 31.00% of the stock is currently owned by corporate insiders.

About GAP

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.