GAP’s (GAP) “Market Perform” Rating Reiterated at Telsey Advisory Group

GAP (NYSE:GAP)‘s stock had its “market perform” rating reissued by investment analysts at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They presently have a $26.00 price target on the stock. Telsey Advisory Group’s target price indicates a potential upside of 14.82% from the company’s current price.

Several other analysts also recently issued reports on GAP. Wells Fargo & Company raised their price target on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Argus upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Tuesday, January 21st. Guggenheim reiterated a “buy” rating and issued a $35.00 price objective on shares of GAP in a research report on Friday, November 22nd. UBS Group upgraded shares of GAP from a “sell” rating to a “neutral” rating and raised their price target for the company from $16.00 to $26.00 in a research note on Friday, January 10th. Finally, Barclays boosted their price objective on GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.27.

GAP Stock Down 2.8 %

Shares of NYSE:GAP opened at $22.65 on Friday. The company has a market cap of $8.54 billion, a P/E ratio of 10.48, a PEG ratio of 0.94 and a beta of 2.36. GAP has a fifty-two week low of $18.72 and a fifty-two week high of $30.75. The firm’s 50-day simple moving average is $23.51. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47.

Insider Transactions at GAP

In other GAP news, CFO Katrina O’connell sold 87,557 shares of GAP stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $25.45, for a total value of $2,228,325.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder John J. Fisher sold 250,000 shares of the company’s stock in a transaction on 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 directly owns 1,000,752 shares in the company, valued at $24,198,183.36. This 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 valued at $24,316,219 in the last quarter. Insiders own 31.00% of the company’s stock.

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.