GAP (NYSE:GAP) Upgraded at UBS Group

GAP (NYSE:GAP - Get Free Report) was upgraded by stock analysts at UBS Group from a "sell" rating to a "neutral" rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm currently has a $26.00 price objective on the stock, up from their previous price objective of $16.00. UBS Group's price target indicates a potential upside of 7.93% from the stock's previous close.

A number of other research analysts also recently weighed in on GAP. Guggenheim reissued a "buy" rating and issued a $35.00 price objective on shares of GAP in a research note on Friday, November 22nd. Wells Fargo & Company raised their price objective on shares of GAP from $28.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Barclays upped their target price on shares of GAP from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Bank of America boosted their price objective on shares of GAP from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $26.00 target price on shares of GAP in a research report on Monday, November 18th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $29.50.

GAP Stock Performance

NYSE:GAP traded up $0.28 during trading hours on Friday, hitting $24.09. 2,387,823 shares of the company's stock traded hands, compared to its average volume of 3,605,700. The stock has a fifty day moving average price of $23.62. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 1.08 and a beta of 2.36. 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 twelve month low of $18.34 and a twelve month high of $30.75.

GAP (NYSE:GAP - Get Free Report) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.56 by $0.16. The business had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.81 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. On average, equities research analysts predict 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 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 transaction, the insider now owns 1,000,752 shares of the company's stock, valued at $24,198,183.36. This represents a 19.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William Sydney Fisher sold 243,868 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $26.02, for a total transaction of $6,345,445.36. Following the completion of the transaction, the director now directly owns 3,820,467 shares of the company's stock, valued at $99,408,551.34. This trade represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 955,375 shares of company stock worth $24,316,219. Corporate insiders own 31.00% 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.