Telsey Advisory Group Reiterates Market Perform Rating for GAP (NYSE:GAP)

GAP (NYSE:GAP)‘s stock had its “market perform” rating reiterated by equities research analysts at Telsey Advisory Group in a research note issued on Monday,Benzinga reports. They currently have a $26.00 price target on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 23.81% from the stock’s current price.

A number of other research analysts have also issued reports on GAP. Wells Fargo & Company reduced their price objective on GAP from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Argus raised shares of GAP to a “hold” rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of GAP from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, August 30th.

GAP Stock Performance

Shares of NYSE:GAP opened at $21.00 on Monday. The business’s fifty day simple moving average is $21.27. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 0.51. GAP has a 1-year low of $17.51 and a 1-year high of $30.75. The firm has a market capitalization of $7.90 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 1.23 and a beta of 2.35.

GAP (NYSE:GAP) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.15. GAP had a net margin of 5.05% and a return on equity of 28.89%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. Sell-side analysts expect that GAP will post 1.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other GAP news, CEO Horacio Barbeito sold 75,385 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $1,507,700.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 31.00% of the stock is currently owned by insiders.

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.