UBS Group Issues Positive Forecast for GAP (NYSE:GAP) Stock Price

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

GAP has been the topic of a number of other reports. Telsey Advisory Group reissued a “market perform” rating and issued a $26.00 target price on shares of GAP in a research note on Monday, November 18th. JPMorgan Chase & Co. lifted their price target on shares of GAP from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday. Argus raised shares of GAP to a “hold” rating in a research report on Thursday, September 19th. BMO Capital Markets lifted their price target on shares of GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Evercore ISI lifted their price target on shares of GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.30.

GAP Price Performance

GAP opened at $24.88 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.49 and a quick ratio of 0.84. The business has a 50 day simple moving average of $21.39. GAP has a 1-year low of $18.34 and a 1-year high of $30.75. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.26 and a beta of 2.35.

GAP (NYSE:GAP) last released 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 net margin of 5.40% and a return on equity of 30.10%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. On average, equities analysts anticipate that GAP will post 1.87 earnings per share for the current fiscal year.

GAP Announces Dividend

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

Insider Activity at GAP

In other GAP news, CEO Horacio Barbeito sold 75,385 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total value of $1,507,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 31.00% of the stock is owned by 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.