Barclays PLC Boosts Gap, Inc. (The) (GPS) Price Target to $34.00

Gap, Inc. (The) (NYSE:GPS) had its price target lifted by Barclays PLC from $32.00 to $34.00 in a research note released on Friday, MarketBeat reports. They currently have an overweight rating on the apparel retailer’s stock.

A number of other analysts have also recently commented on GPS. Royal Bank Of Canada reaffirmed a hold rating and set a $26.00 price target on shares of Gap, Inc. (The) in a research report on Wednesday, August 9th. KeyCorp reissued a buy rating and issued a $33.00 price objective on shares of Gap, Inc. (The) in a report on Tuesday, September 26th. B. Riley set a $25.00 price objective on Gap, Inc. (The) and gave the company a hold rating in a report on Friday. Robert W. Baird set a $28.00 price objective on Gap, Inc. (The) and gave the company a hold rating in a report on Friday. Finally, BMO Capital Markets boosted their price objective on Gap, Inc. (The) from $23.00 to $29.00 and gave the company a market perform rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and seven have issued a buy rating to the company. Gap, Inc. (The) has an average rating of Hold and a consensus price target of $27.51.

Shares of Gap, Inc. (NYSE GPS) opened at $29.40 on Friday. Gap, Inc. has a 52-week low of $21.02 and a 52-week high of $30.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 1.73. The company has a market capitalization of $11,529.47, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.77 and a beta of 0.86.

Gap, Inc. (The) (NYSE:GPS) last issued its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. Gap, Inc. (The) had a return on equity of 27.47% and a net margin of 5.57%. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. equities analysts forecast that Gap, Inc. will post 2.08 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, January 2nd. Gap, Inc. (The)’s dividend payout ratio is presently 42.40%.

In related news, CEO Jeff Kirwan sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $29.38, for a total value of $29,380.00. Following the transaction, the chief executive officer now directly owns 25,268 shares in the company, valued at $742,373.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul Joseph Chapman sold 4,898 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total value of $111,772.36. The disclosure for this sale can be found here. Insiders sold 676,682 shares of company stock worth $18,906,180 over the last quarter. 27.30% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in GPS. FMR LLC lifted its stake in Gap, Inc. (The) by 91.3% during the first quarter. FMR LLC now owns 161,761 shares of the apparel retailer’s stock worth $3,929,000 after purchasing an additional 77,185 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in Gap, Inc. (The) by 8.0% during the second quarter. Xact Kapitalforvaltning AB now owns 29,517 shares of the apparel retailer’s stock worth $649,000 after purchasing an additional 2,186 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Gap, Inc. (The) by 2.1% during the second quarter. State of Alaska Department of Revenue now owns 18,320 shares of the apparel retailer’s stock worth $402,000 after purchasing an additional 380 shares in the last quarter. Chevy Chase Trust Holdings Inc. lifted its stake in Gap, Inc. (The) by 0.3% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 190,910 shares of the apparel retailer’s stock worth $4,198,000 after purchasing an additional 509 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in Gap, Inc. (The) by 523.3% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 38,677 shares of the apparel retailer’s stock worth $851,000 after purchasing an additional 32,472 shares in the last quarter. Institutional investors own 57.67% of the company’s stock.

Gap, Inc. (The) Company Profile

The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

Analyst Recommendations for Gap, Inc. (The) (NYSE:GPS)

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