GAP (NYSE:GAP) Price Target Raised to $33.00 at Barclays

GAP (NYSE:GAP - Get Free Report) had its target price hoisted by equities researchers at Barclays from $32.00 to $33.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective suggests a potential upside of 42.01% from the stock's current price.

GAP has been the subject of several other research reports. Telsey Advisory Group restated a "market perform" rating and set a $26.00 target price on shares of GAP in a research note on Friday, February 28th. Morgan Stanley increased their target price on GAP from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. upgraded GAP from a "neutral" rating to an "overweight" rating and increased their target price for the company from $28.00 to $30.00 in a research note on Monday, December 2nd. Evercore ISI increased their target price on GAP from $32.00 to $33.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Finally, Wells Fargo & Company increased their target price on GAP from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $29.33.

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GAP Stock Performance

Shares of NYSE GAP traded up $3.76 during mid-day trading on Friday, reaching $23.24. 30,468,052 shares of the company traded hands, compared to its average volume of 6,033,019. 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 $8.76 billion, a PE ratio of 10.76, a PEG ratio of 0.94 and a beta of 2.38. The company's fifty day moving average is $23.14. GAP has a fifty-two week low of $18.54 and a fifty-two week high of $30.75.

GAP (NYSE:GAP - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.18. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.07 billion. GAP had a return on equity of 29.03% and a net margin of 5.40%. Research analysts forecast that GAP will post 2.02 earnings per share for the current year.

Insider Transactions at GAP

In other news, major shareholder John J. Fisher sold 250,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was 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 of the company's stock, valued at approximately $24,198,183.36. This represents a 19.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William Sydney Fisher sold 123,950 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $26.24, for a total value of $3,252,448.00. Following the completion of the transaction, the director now directly owns 3,696,517 shares of the company's stock, valued at approximately $96,996,606.08. The trade was a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.00% of the stock is currently owned by insiders.

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.