GAP (NYSE:GAP) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of GAP (NYSE:GAP) in a research report released on Monday morning,Benzinga reports. Telsey Advisory Group currently has a $26.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. increased their price target on GAP from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Argus upgraded shares of GAP to a “hold” rating in a research note on Thursday, September 19th. Finally, Wells Fargo & Company reduced their price objective on shares of GAP from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, GAP presently has a consensus rating of “Hold” and a consensus target price of $27.50.

GAP Trading Up 6.9 %

Shares of GAP opened at $22.05 on Monday. The business has a fifty day moving average price of $21.32. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 1.20 and a beta of 2.35. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 0.51. GAP has a twelve month low of $18.34 and a twelve month high of $30.75.

GAP (NYSE:GAP) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. GAP had a return on equity of 28.89% and a net margin of 5.05%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Sell-side analysts predict that GAP will post 1.88 earnings per share for the current year.

GAP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.60 annualized dividend and a yield of 2.72%. GAP’s dividend payout ratio (DPR) is 29.70%.

Insiders Place Their Bets

In other news, CEO Horacio Barbeito sold 75,385 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $1,507,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.00% of the stock is currently owned by corporate insiders.

About GAP

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.