UBS Group Boosts GAP (NYSE:GAP) Price Target to $16.00

GAP (NYSE:GAP) had its price objective lifted by UBS Group from $14.00 to $16.00 in a research note published on Friday morning,Benzinga reports. UBS Group currently has a sell rating on the stock.

GAP has been the subject of a number of other reports. Bank of America boosted their price target on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday. BMO Capital Markets boosted their price objective on GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday. Telsey Advisory Group reissued a “market perform” rating and issued a $26.00 price target on shares of GAP in a report on Monday, November 18th. Argus raised GAP to a “hold” rating in a report on Thursday, September 19th. Finally, Evercore ISI upped their price objective on GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.30.

GAP Price Performance

GAP opened at $24.85 on Friday. The stock has a 50-day moving average of $21.48. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.35 and a beta of 2.35. GAP has a 1 year low of $18.34 and a 1 year high of $30.75.

GAP (NYSE:GAP) last issued its earnings results on Thursday, August 29th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. GAP had a return on equity of 29.03% and a net margin of 5.40%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. As a group, sell-side analysts anticipate that GAP will post 1.97 EPS for the current year.

GAP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, January 8th. GAP’s dividend payout ratio (DPR) is presently 27.78%.

Insider Buying and Selling at GAP

In other news, CEO Horacio Barbeito sold 75,385 shares of the stock in a transaction on Thursday, September 12th. The stock was 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 accessible through this hyperlink. 31.00% of the stock is currently owned by corporate 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.