GAP (GPS) Price Target Raised to $35.00 at BMO Capital Markets
GAP (NYSE:GPS) had its price target lifted by equities researchers at BMO Capital Markets from $29.00 to $35.00 in a research report issued on Friday, MarketBeat reports. The brokerage presently has a “market perform” rating on the apparel retailer’s stock. BMO Capital Markets’ target price suggests a potential upside of 2.40% from the stock’s previous close.
A number of other research analysts also recently commented on the stock. SunTrust Banks set a $35.00 price objective on shares of GAP and gave the company a “hold” rating in a research note on Thursday. Cowen set a $38.00 price objective on shares of GAP and gave the company a “hold” rating in a research note on Thursday. Barclays upped their price objective on shares of GAP from $21.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday. Guggenheim reaffirmed a “hold” rating on shares of GAP in a research note on Friday. Finally, Deutsche Bank dropped their price objective on shares of GAP from $33.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, February 26th. Three research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.57.
GAP (GPS) opened at $34.18 on Friday. GAP has a one year low of $21.02 and a one year high of $35.68. The company has a current ratio of 1.73, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The company has a market cap of $13,291.13, a PE ratio of 15.97, a PEG ratio of 1.86 and a beta of 0.88.
In other GAP news, EVP Julie Gruber sold 5,462 shares of the stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $35.00, for a total value of $191,170.00. Following the completion of the sale, the executive vice president now owns 11,988 shares of the company’s stock, valued at $419,580. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brent Hyder sold 5,839 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $33.04, for a total transaction of $192,920.56. The disclosure for this sale can be found here. Insiders sold 18,434 shares of company stock valued at $626,613 in the last ninety days. 27.30% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of GAP by 10.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,710,283 shares of the apparel retailer’s stock valued at $316,275,000 after buying an additional 1,030,160 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of GAP by 12.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 440,893 shares of the apparel retailer’s stock valued at $12,992,000 after buying an additional 47,102 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of GAP by 4.2% during the 3rd quarter. California Public Employees Retirement System now owns 893,708 shares of the apparel retailer’s stock valued at $26,391,000 after buying an additional 36,083 shares during the last quarter. Bristol Advisors LLC purchased a new position in shares of GAP during the 4th quarter valued at approximately $2,384,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of GAP by 10.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 167,612 shares of the apparel retailer’s stock valued at $5,709,000 after buying an additional 16,155 shares during the last quarter. Institutional investors own 56.64% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “GAP (GPS) Price Target Raised to $35.00 at BMO Capital Markets” was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/gap-gps-price-target-raised-to-35-00-at-bmo-capital-markets/1906525.html.
GAP Company Profile
The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.
Receive News & Ratings for GAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAP and related companies with MarketBeat.com's FREE daily email newsletter.