GAP (NYSE:GPS) PT Raised to $20.00

GAP (NYSE:GPS) had its price objective raised by stock analysts at Morgan Stanley from $19.00 to $20.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the apparel retailer’s stock. Morgan Stanley’s price objective points to a potential downside of 9.56% from the company’s current price.

Several other research analysts have also recently weighed in on GPS. Barclays boosted their price target on shares of GAP from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. raised shares of GAP from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $16.00 to $20.00 in a research report on Monday, February 26th. TheStreet raised shares of GAP from a “c” rating to a “b-” rating in a research report on Thursday, March 7th. BMO Capital Markets boosted their price target on shares of GAP from $14.00 to $18.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group boosted their price target on shares of GAP from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, GAP presently has an average rating of “Hold” and an average price target of $20.39.

GAP Trading Down 0.4 %

Shares of GPS opened at $22.12 on Monday. GAP has a 52-week low of $7.22 and a 52-week high of $28.59. The company has a quick ratio of 0.78, a current ratio of 1.42 and a debt-to-equity ratio of 0.57. The firm’s fifty day moving average is $22.86 and its two-hundred day moving average is $20.17. The stock has a market cap of $8.26 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.33 and a beta of 2.34.

GAP (NYSE:GPS) last announced its earnings results on Thursday, March 7th. The apparel retailer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.29. GAP had a net margin of 3.37% and a return on equity of 22.56%. The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the previous year, the company posted ($0.75) EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Research analysts forecast that GAP will post 1.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other GAP news, insider Julie Gruber sold 24,180 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $23.00, for a total transaction of $556,140.00. Following the sale, the insider now directly owns 1,384 shares in the company, valued at $31,832. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Katrina O’connell sold 9,818 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $27.94, for a total transaction of $274,314.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Julie Gruber sold 24,180 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $23.00, for a total transaction of $556,140.00. Following the sale, the insider now owns 1,384 shares in the company, valued at $31,832. The disclosure for this sale can be found here. Insiders have sold 266,723 shares of company stock worth $6,886,765 over the last three months. Company insiders own 31.00% of the company’s stock.

Institutional Trading of GAP

A number of large investors have recently made changes to their positions in GPS. GAMMA Investing LLC purchased a new stake in shares of GAP during the fourth quarter worth approximately $42,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of GAP during the fourth quarter worth approximately $73,000. SG Americas Securities LLC acquired a new position in GAP in the third quarter valued at approximately $142,000. VitalStone Financial LLC acquired a new position in GAP in the fourth quarter valued at approximately $197,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in GAP in the fourth quarter valued at approximately $220,000. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

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.