GAP (NYSE:GAP - Get Free Report) had its price target decreased by analysts at Wells Fargo & Company from $32.00 to $28.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price target points to a potential upside of 30.23% from the company's previous close.
A number of other brokerages have also recently issued reports on GAP. JPMorgan Chase & Co. boosted their target price on shares of GAP from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, August 30th. Argus upgraded GAP to a "hold" rating in a research report on Thursday, September 19th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $26.00 price objective on shares of GAP in a research note on Friday, October 11th.
Get Our Latest Stock Analysis on GAP
GAP Trading Down 1.0 %
Shares of NYSE:GAP traded down $0.22 during mid-day trading on Wednesday, hitting $21.50. 7,686,320 shares of the company traded hands, compared to its average volume of 7,051,884. The firm's 50-day moving average price is $21.22. GAP has a 12-month low of $13.09 and a 12-month high of $30.75. The stock has a market cap of $8.09 billion, a PE ratio of 10.64, a P/E/G ratio of 1.18 and a beta of 2.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.49.
GAP (NYSE:GAP - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.15. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. GAP had a return on equity of 28.89% and a net margin of 5.05%. As a group, analysts expect that GAP will post 1.88 earnings per share for the current year.
Insider Buying and Selling
In other GAP news, CEO Horacio Barbeito sold 75,385 shares of the firm's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction of $1,507,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 31.00% of the stock is owned by insiders.
GAP Company Profile
(
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The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.
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