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

Key Points

• Evercore ISI has raised its price target for GAP shares from $24.00 to $25.00, which suggests a 15.10% potential upside from the current price.
• Other analysts have varying ratings on GAP, with Telsey Advisory Group maintaining a $26.00 price target and a "market perform" rating, while Zacks downgraded it to a "strong sell."
• GAP's recent earnings report revealed an EPS of $0.57, exceeding estimates, and the company has set earnings guidance of 2.02 EPS for the fiscal year.

GAP (NYSE:GAP - Free Report) had its target price upped by Evercore ISI from $24.00 to $25.00 in a research note released on Friday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

GAP has been the topic of several other reports. UBS Group decreased their price target on shares of GAP from $27.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. Barclays downgraded shares of GAP from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $24.00 to $19.00 in a research note on Friday, August 22nd. JPMorgan Chase & Co. lifted their target price on shares of GAP from $25.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Jefferies Financial Group reaffirmed a "hold" rating and set a $29.00 target price (up from $26.00) on shares of GAP in a research note on Wednesday, May 21st. Finally, Morgan Stanley reduced their target price on shares of GAP from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $25.87.

GAP Price Performance

Shares of NYSE:GAP traded up $0.61 during midday trading on Friday, hitting $22.62. The company's stock had a trading volume of 15,039,856 shares, compared to its average volume of 9,149,013. The business's 50 day simple moving average is $21.10 and its 200 day simple moving average is $21.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 1.68. The company has a market cap of $8.52 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 2.46 and a beta of 2.09. GAP has a 12-month low of $16.99 and a 12-month high of $29.29.

GAP (NYSE:GAP - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.73 billion. GAP had a net margin of 5.86% and a return on equity of 27.04%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. GAP has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that GAP will post 2.02 EPS for the current year.

GAP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 8th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, October 8th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.9%. GAP's payout ratio is 28.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC acquired a new position in GAP during the 1st quarter worth approximately $30,000. California State Teachers Retirement System grew its holdings in GAP by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 226,506 shares of the company's stock worth $4,940,000 after acquiring an additional 1,703 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in GAP by 4.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 71,420 shares of the company's stock worth $1,558,000 after acquiring an additional 3,269 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in shares of GAP in the 1st quarter valued at $75,000. Finally, Brooklyn Investment Group acquired a new position in shares of GAP in the 1st quarter valued at $80,000. Institutional investors and hedge funds 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.