GAP (NYSE:GAP) Rating Increased to Neutral at UBS Group

GAP (NYSE:GAP) was upgraded by UBS Group from a “sell” rating to a “neutral” rating in a research report issued on Friday, MarketBeat.com reports. The brokerage currently has a $26.00 price target on the stock, up from their previous price target of $16.00. UBS Group’s target price would indicate a potential upside of 9.47% from the stock’s current price.

Several other research analysts have also recently commented on GAP. Morgan Stanley boosted their price target on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Guggenheim reiterated a “buy” rating and set a $35.00 target price on shares of GAP in a research note on Friday, November 22nd. Evercore ISI raised their price target on GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Barclays lifted their price target on GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $26.00 price objective on shares of GAP in a report on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.50.

GAP Trading Down 0.0 %

NYSE:GAP opened at $23.75 on Friday. GAP has a 12-month low of $18.34 and a 12-month high of $30.75. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 1.08 and a beta of 2.36. 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 company has a fifty day moving average of $23.62.

GAP (NYSE:GAP) last announced its quarterly earnings data on Thursday, November 21st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.16. GAP had a return on equity of 29.03% and a net margin of 5.40%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the business posted $0.59 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts forecast that GAP will post 2.02 EPS for the current year.

Insider Buying and Selling

In other news, Director William Sydney Fisher sold 123,950 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $26.24, for a total transaction of $3,252,448.00. Following the completion of the sale, the director now owns 3,696,517 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder John J. Fisher sold 250,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 1,000,752 shares in the company, valued at $24,198,183.36. This trade represents a 19.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 955,375 shares of company stock worth $24,316,219 in the last quarter. 31.00% of the stock is owned by insiders.

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.