GAP (NYSE:GAP) Price Target Raised to $25.00

GAP (NYSE:GAP) had its target price hoisted by Citigroup from $23.00 to $25.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

GAP has been the topic of several other reports. Bank of America increased their target price on shares of GAP from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. JPMorgan Chase & Co. raised their price objective on GAP from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Telsey Advisory Group boosted their target price on GAP from $24.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, November 21st. BTIG Research increased their price target on GAP from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Finally, Zacks Research upgraded GAP from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, GAP has an average rating of “Moderate Buy” and an average target price of $27.57.

GAP Stock Up 3.7%

NYSE:GAP opened at $27.58 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.68 and a debt-to-equity ratio of 0.43. GAP has a 12-month low of $16.99 and a 12-month high of $29.29. The stock’s fifty day simple moving average is $22.77 and its 200-day simple moving average is $22.56. The firm has a market capitalization of $10.23 billion, a P/E ratio of 11.79, a P/E/G ratio of 2.70 and a beta of 2.17.

GAP (NYSE:GAP) last released its earnings results on Thursday, November 20th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. GAP had a return on equity of 27.04% and a net margin of 5.86%.The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. GAP has set its FY 2025 guidance at EPS. Equities research analysts expect that GAP will post 2.02 earnings per share for the current year.

GAP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 7th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, January 7th. This represents a $0.66 annualized dividend and a yield of 2.4%. GAP’s dividend payout ratio is 29.46%.

Insider Buying and Selling

In other news, insider Julie Gruber sold 62,073 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $27.00, for a total value of $1,675,971.00. Following the completion of the sale, the insider owned 37,395 shares of the company’s stock, valued at approximately $1,009,665. This represents a 62.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William Sydney Fisher sold 243,064 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $23.82, for a total transaction of $5,789,784.48. Following the transaction, the director owned 3,453,453 shares in the company, valued at approximately $82,261,250.46. The trade was a 6.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,008,137 shares of company stock valued at $23,769,085 in the last ninety days. 30.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GAP. Dodge & Cox bought a new stake in shares of GAP in the 1st quarter valued at about $592,222,000. Ameriprise Financial Inc. increased its position in GAP by 4.1% during the third quarter. Ameriprise Financial Inc. now owns 4,588,800 shares of the company’s stock worth $98,154,000 after buying an additional 180,991 shares during the last quarter. Geode Capital Management LLC raised its stake in GAP by 3.8% in the second quarter. Geode Capital Management LLC now owns 4,166,545 shares of the company’s stock valued at $91,399,000 after buying an additional 151,297 shares during the period. LSV Asset Management raised its stake in GAP by 4.9% in the third quarter. LSV Asset Management now owns 3,341,701 shares of the company’s stock valued at $71,479,000 after buying an additional 157,224 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of GAP by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 2,899,563 shares of the company’s stock valued at $63,239,000 after buying an additional 145,427 shares during the last quarter. Institutional investors 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.