GAP (NYSE:GAP) Rating Increased to Buy at Argus

GAP (NYSE:GAP) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm presently has a $27.00 price target on the stock. Argus’ target price indicates a potential upside of 14.87% from the stock’s previous close.

A number of other research firms have also issued reports on GAP. JPMorgan Chase & Co. raised GAP from a “neutral” rating to an “overweight” rating and increased their price target for the company from $28.00 to $30.00 in a research report on Monday, December 2nd. Wells Fargo & Company lifted their price target on shares of GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Barclays increased their price objective on shares of GAP from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI lifted their price objective on shares of GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, Morgan Stanley increased their target price on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $29.27.

GAP Trading Up 3.4 %

Shares of NYSE GAP opened at $23.51 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84. The firm has a market capitalization of $8.86 billion, a PE ratio of 10.88, a PEG ratio of 1.05 and a beta of 2.36. GAP has a twelve month low of $18.34 and a twelve month high of $30.75. The company has a fifty day moving average price of $23.84.

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

Insider Activity at GAP

In other GAP news, Director William Sydney Fisher sold 243,868 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $26.02, for a total value of $6,345,445.36. Following the transaction, the director now directly owns 3,820,467 shares of the company’s stock, valued at $99,408,551.34. This trade represents a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder John J. Fisher sold 250,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $24.18, for a total value of $6,045,000.00. Following the completion of the sale, the insider now directly owns 1,000,752 shares of the company’s stock, valued at $24,198,183.36. The trade was a 19.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 955,375 shares of company stock worth $24,316,219. 31.00% of the stock is owned by insiders.

GAP Company Profile

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.