Investment Analysts’ Weekly Ratings Updates for GAP (GAP)

A number of firms have modified their ratings and price targets on shares of GAP (NYSE: GAP) recently:

• 12/2/2024 – GAP was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $30.00 price target on the stock, up previously from $28.00.
• 11/22/2024 – GAP had its price target raised by analysts at UBS Group AG from $14.00 to $16.00. They now have a “sell” rating on the stock.
• 11/22/2024 – GAP had its price target raised by analysts at Wells Fargo & Company from $28.00 to $30.00. They now have an “overweight” rating on the stock.
• 11/22/2024 – GAP had its price target raised by analysts at Barclays PLC from $31.00 to $32.00. They now have an “overweight” rating on the stock.
• 11/22/2024 – GAP had its price target raised by analysts at Morgan Stanley from $29.00 to $30.00. They now have an “overweight” rating on the stock.
• 11/22/2024 – GAP had its price target raised by analysts at Evercore ISI from $32.00 to $33.00. They now have an “outperform” rating on the stock.
• 11/22/2024 – GAP had its price target raised by analysts at JPMorgan Chase & Co. from $26.00 to $28.00. They now have a “neutral” rating on the stock.
• 11/22/2024 – GAP had its price target raised by analysts at Bank of America Co. from $25.00 to $28.00. They now have a “neutral” rating on the stock.
• 11/22/2024 – GAP had its price target raised by analysts at BMO Capital Markets from $23.00 to $25.00. They now have a “market perform” rating on the stock.
• 11/22/2024 – GAP had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $35.00 price target on the stock.
• 11/18/2024 – GAP had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $26.00 price target on the stock.
• 11/6/2024 – GAP had its price target lowered by analysts at Wells Fargo & Company from $32.00 to $28.00. They now have an “overweight” rating on the stock.
• 10/11/2024 – GAP had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $26.00 price target on the stock.

GAP Trading Up 0.1 %

NYSE GAP opened at $25.83 on Tuesday. The company has a 50 day simple moving average of $21.80. The firm has a market capitalization of $9.74 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 1.09 and a beta of 2.37. 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 Gap, Inc. has a 1-year low of $18.34 and a 1-year high of $30.75.

GAP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, January 8th. GAP’s dividend payout ratio is currently 27.78%.

Insider Buying and Selling

In related news, CEO Horacio Barbeito sold 75,385 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $1,507,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.00% of the stock is owned by corporate insiders.

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.