GAP (NYSE:GAP) Price Target Lowered to $25.00 at The Goldman Sachs Group

GAP (NYSE:GAP - Free Report) had its price objective cut by The Goldman Sachs Group from $34.00 to $25.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

GAP has been the subject of several other reports. Telsey Advisory Group reissued a "market perform" rating and issued a $26.00 target price on shares of GAP in a research report on Friday, March 7th. Robert W. Baird decreased their price objective on shares of GAP from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Friday, March 7th. UBS Group lowered their target price on shares of GAP from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Citigroup reduced their price target on GAP from $32.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Barclays increased their price objective on GAP from $32.00 to $33.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $28.07.

GAP Stock Up 1.1 %

Shares of NYSE:GAP traded up $0.23 during midday trading on Tuesday, hitting $20.97. 854,074 shares of the stock were exchanged, compared to its average volume of 6,942,225. The business's fifty day simple moving average is $20.57 and its two-hundred day simple moving average is $22.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54. GAP has a 52-week low of $16.99 and a 52-week high of $26.41. The company has a market capitalization of $7.90 billion, a PE ratio of 9.72, a P/E/G ratio of 0.94 and a beta of 2.15.

GAP (NYSE:GAP - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.18. The business had revenue of $4.15 billion during 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%. As a group, research analysts predict that GAP will post 2.02 earnings per share for the current fiscal year.

GAP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a dividend of $0.165 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.66 dividend on an annualized basis and a yield of 3.15%. This is a positive change from GAP's previous quarterly dividend of $0.15. GAP's payout ratio is 29.86%.

Insider Buying and Selling at GAP

In related news, Director Elisabeth B. Donohue sold 3,539 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $21.04, for a total transaction of $74,460.56. Following the transaction, the director now directly owns 4,000 shares in the company, valued at $84,160. The trade was a 46.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sarah Gilligan sold 29,813 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $20.34, for a total value of $606,396.42. Following the completion of the sale, the insider now owns 2,634 shares of the company's stock, valued at $53,575.56. This represents a 91.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 177,495 shares of company stock valued at $3,598,459 in the last ninety days. Company insiders own 31.00% of the company's stock.

Institutional Investors Weigh In On GAP

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in shares of GAP during the 1st quarter worth about $96,000. FNY Investment Advisers LLC acquired a new position in GAP in the first quarter worth about $91,000. Handelsbanken Fonder AB bought a new position in GAP during the first quarter worth about $1,107,000. Hennessy Advisors Inc. acquired a new stake in GAP during the first quarter valued at approximately $7,422,000. Finally, SG Americas Securities LLC bought a new stake in shares of GAP in the 1st quarter valued at approximately $3,519,000. Institutional investors and hedge funds own 58.81% of the company's stock.

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.