GAP (NYSE:GPS) Upgraded at StockNews.com

GAP (NYSE:GPSGet Free Report) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

Other equities analysts have also recently issued reports about the stock. Citigroup raised shares of GAP from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $21.00 to $28.00 in a research report on Tuesday, May 7th. Robert W. Baird boosted their target price on GAP to $23.00 and gave the company a “hold” rating in a research note on Friday, March 22nd. Morgan Stanley increased their price target on GAP from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th. BMO Capital Markets lifted their price objective on GAP from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Finally, Barclays increased their target price on GAP from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.15.

Check Out Our Latest Analysis on GPS

GAP Trading Up 0.6 %

Shares of NYSE:GPS traded up $0.12 during midday trading on Monday, hitting $20.98. The company had a trading volume of 6,045,700 shares, compared to its average volume of 7,302,062. The company has a current ratio of 1.42, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. GAP has a 12 month low of $7.22 and a 12 month high of $28.59. The firm has a fifty day simple moving average of $23.04 and a 200 day simple moving average of $21.02. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 1.27 and a beta of 2.34.

GAP (NYSE:GPSGet Free Report) last issued its earnings results on Thursday, March 7th. The apparel retailer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.29. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.22 billion. GAP had a return on equity of 22.56% and a net margin of 3.37%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.75) earnings per share. On average, analysts predict that GAP will post 1.38 EPS for the current year.

Insider Buying and Selling

In other GAP news, insider Julie Gruber sold 9,414 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $27.94, for a total transaction of $263,027.16. Following the transaction, the insider now owns 1,384 shares of the company’s stock, valued at approximately $38,668.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Julie Gruber sold 9,414 shares of GAP stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $27.94, for a total transaction of $263,027.16. Following the completion of the transaction, the insider now owns 1,384 shares in the company, valued at $38,668.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sarah Gilligan sold 29,425 shares of GAP stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $22.58, for a total value of $664,416.50. Following the transaction, the insider now owns 1,697 shares of the company’s stock, valued at $38,318.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 266,723 shares of company stock worth $6,886,765. Corporate insiders own 31.00% of the company’s stock.

Hedge Funds Weigh In On GAP

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hennessy Advisors Inc. boosted its stake in GAP by 14.1% in the 1st quarter. Hennessy Advisors Inc. now owns 2,305,600 shares of the apparel retailer’s stock valued at $63,519,000 after purchasing an additional 285,000 shares during the period. California Public Employees Retirement System boosted its position in shares of GAP by 6.5% in the third quarter. California Public Employees Retirement System now owns 368,274 shares of the apparel retailer’s stock valued at $3,915,000 after acquiring an additional 22,316 shares during the period. BNP Paribas Financial Markets grew its stake in shares of GAP by 33.0% in the fourth quarter. BNP Paribas Financial Markets now owns 367,130 shares of the apparel retailer’s stock valued at $7,677,000 after acquiring an additional 91,151 shares in the last quarter. New York State Teachers Retirement System increased its position in GAP by 2.7% during the first quarter. New York State Teachers Retirement System now owns 270,730 shares of the apparel retailer’s stock worth $7,459,000 after acquiring an additional 7,055 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its stake in GAP by 90.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 74,080 shares of the apparel retailer’s stock worth $787,000 after purchasing an additional 35,223 shares in the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.

GAP Company Profile

(Get Free Report)

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.

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Analyst Recommendations for GAP (NYSE:GPS)

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