GAP (NYSE:GAP) Price Target Lowered to $25.00 at The Goldman Sachs Group

GAP (NYSE:GAP) had its target price decreased by equities researchers at The Goldman Sachs Group from $34.00 to $25.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 30.13% from the company’s current price.

A number of other brokerages also recently issued reports on GAP. Robert W. Baird decreased their price target on GAP from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Barclays boosted their price objective on GAP from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Argus upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, January 21st. Citigroup lowered their price target on shares of GAP from $32.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of GAP from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.07.

GAP Stock Up 0.6 %

Shares of GAP stock traded up $0.12 during trading on Tuesday, reaching $19.21. The company’s stock had a trading volume of 875,382 shares, compared to its average volume of 6,950,845. GAP has a 1-year low of $16.99 and a 1-year high of $26.41. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.94 and a beta of 2.15. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $20.74 and a two-hundred day simple moving average of $22.32.

GAP (NYSE:GAP) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.54 earnings per share 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 for the quarter, compared to analyst estimates of $4.07 billion. 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 Elisabeth B. Donohue sold 3,539 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $21.04, for a total transaction of $74,460.56. Following the sale, the director now owns 4,000 shares of the company’s stock, valued at $84,160. This trade represents a 46.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Horacio Barbeito sold 40,764 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $20.07, for a total transaction of $818,133.48. Following the sale, the chief executive officer now owns 308 shares in the company, valued at approximately $6,181.56. This trade represents a 99.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 177,495 shares of company stock valued at $3,598,459 over the last ninety days. Corporate insiders own 31.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers acquired a new position in shares of GAP in the 1st quarter valued at $12,210,000. Hennessy Advisors Inc. acquired a new stake in shares of GAP in the 1st quarter valued at about $7,422,000. California State Teachers Retirement System acquired a new stake in GAP during the fourth quarter worth about $4,953,000. SG Americas Securities LLC bought a new stake in GAP in the 1st quarter valued at about $3,519,000. Finally, GAMMA Investing LLC bought a new position in GAP in the 1st quarter valued at about $1,971,000. 58.81% of the stock is currently owned by institutional investors and hedge funds.

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.