GAP (NYSE:GAP) Given New $30.00 Price Target at JPMorgan Chase & Co.

GAP (NYSE:GAP) had its price target lifted by JPMorgan Chase & Co. from $29.00 to $30.00 in a report published on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities analysts have also commented on the company. Guggenheim reaffirmed a “buy” rating and issued a $35.00 price target on shares of GAP in a research note on Friday, November 22nd. Argus upgraded GAP from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, January 21st. BMO Capital Markets increased their price objective on GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, November 22nd. UBS Group raised GAP from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $16.00 to $26.00 in a research report on Friday, January 10th. Finally, Evercore ISI lifted their price target on GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.33.

GAP Trading Up 19.3 %

Shares of GAP stock opened at $23.24 on Friday. The firm’s 50 day moving average is $23.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54. The stock has a market capitalization of $8.76 billion, a PE ratio of 10.76, a P/E/G ratio of 0.94 and a beta of 2.36. GAP has a twelve month low of $18.54 and a twelve month high of $30.75.

GAP (NYSE:GAP) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.18. GAP had a return on equity of 29.03% and a net margin of 5.40%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.07 billion. On average, research analysts predict that GAP will post 2.02 earnings per share for the current fiscal year.

GAP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from GAP’s previous quarterly dividend of $0.15. GAP’s payout ratio is 30.56%.

Insider Transactions at GAP

In related news, Director William Sydney Fisher sold 123,950 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 3,696,517 shares of the company’s stock, valued at approximately $96,996,606.08. This represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder John J. Fisher sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $24.18, for a total value of $6,045,000.00. Following the sale, the insider now owns 1,000,752 shares in the company, valued at $24,198,183.36. The trade was a 19.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 31.00% of the company’s stock.

GAP Company Profile

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.