Brokerages Set The Gap, Inc. (NYSE:GAP) PT at $29.25

The Gap, Inc. (NYSE:GAP - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve brokerages that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $29.25.

Several analysts recently commented on the stock. UBS Group decreased their price target on shares of GAP from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, March 10th. JPMorgan Chase & Co. boosted their price target on shares of GAP from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Robert W. Baird reduced their price target on GAP from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Telsey Advisory Group restated a "market perform" rating and issued a $26.00 price objective on shares of GAP in a report on Friday, March 7th. Finally, Barclays lifted their target price on shares of GAP from $32.00 to $33.00 and gave the company an "overweight" rating in a research note on Friday, March 7th.

Insiders Place Their Bets

In other news, insider Sarah Gilligan sold 29,813 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $20.34, for a total value of $606,396.42. Following the sale, the insider now owns 2,634 shares in the company, valued at approximately $53,575.56. This trade represents a 91.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Elisabeth B. Donohue sold 3,539 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $21.04, for a total transaction of $74,460.56. Following the transaction, the director now owns 4,000 shares of the company's stock, valued at approximately $84,160. The trade was a 46.94 % decrease in their ownership of the stock. 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 quarter. Insiders own 31.00% of the company's stock.

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Institutional Inflows and Outflows

An institutional investor recently bought a new position in GAP stock. California State Teachers Retirement System bought a new position in shares of The Gap, Inc. (NYSE:GAP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 209,599 shares of the company's stock, valued at approximately $4,953,000. California State Teachers Retirement System owned approximately 0.06% of GAP as of its most recent SEC filing. Institutional investors and hedge funds own 58.81% of the company's stock.

GAP Stock Down 3.9 %

Shares of GAP traded down $0.84 during mid-day trading on Thursday, reaching $20.40. The company's stock had a trading volume of 8,695,062 shares, compared to its average volume of 6,463,915. GAP has a 1 year low of $18.54 and a 1 year high of $26.41. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38. The business has a fifty day moving average of $22.33 and a 200 day moving average of $22.53.

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

GAP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from GAP's previous quarterly dividend of $0.15. GAP's dividend payout ratio (DPR) is 29.86%.

GAP Company Profile

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.