GAP (NYSE:GAP) Price Target Raised to $29.00 at UBS Group

GAP (NYSE:GAP - Get Free Report) had its target price upped by equities research analysts at UBS Group from $19.00 to $29.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price target points to a potential upside of 4.30% from the company's current price.

Several other equities research analysts also recently weighed in on GAP. Robert W. Baird reduced their price target on shares of GAP from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Barclays reduced their target price on GAP from $33.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, May 12th. JPMorgan Chase & Co. upped their price target on GAP from $25.00 to $29.00 and gave the company an "overweight" rating in a report on Monday. Wells Fargo & Company downgraded GAP from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $30.00 to $24.00 in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group decreased their target price on GAP from $34.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $27.50.

GAP Stock Up 0.3%

Shares of NYSE:GAP traded up $0.10 on Wednesday, hitting $27.81. 1,256,061 shares of the company traded hands, compared to its average volume of 6,994,286. The stock has a 50 day simple moving average of $21.31 and a 200-day simple moving average of $22.60. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The company has a market cap of $10.47 billion, a PE ratio of 12.86, a PEG ratio of 0.94 and a beta of 2.24. GAP has a 52 week low of $16.99 and a 52 week high of $28.43.

GAP (NYSE:GAP - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.36 by $0.18. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.07 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. As a group, research analysts expect that GAP will post 2.02 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Mark Breitbard sold 51,385 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $27.00, for a total transaction of $1,387,395.00. Following the completion of the transaction, the chief executive officer now directly owns 123,985 shares in the company, valued at approximately $3,347,595. The trade was a 29.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Horacio Barbeito sold 40,764 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $20.07, for a total transaction of $818,133.48. Following the sale, the chief executive officer now owns 308 shares in the company, valued at approximately $6,181.56. The trade was a 99.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 228,880 shares of company stock worth $4,985,854. Company insiders own 30.56% of the company's stock.

Institutional Trading of GAP

Several institutional investors and hedge funds have recently modified their holdings of GAP. California State Teachers Retirement System bought a new position in GAP in the 4th quarter worth $4,953,000. GAMMA Investing LLC purchased a new position in shares of GAP in the first quarter valued at about $1,971,000. Rhumbline Advisers bought a new position in shares of GAP in the first quarter worth about $12,210,000. SG Americas Securities LLC purchased a new stake in shares of GAP during the first quarter worth about $3,519,000. Finally, Handelsbanken Fonder AB bought a new stake in GAP during the 1st quarter valued at approximately $1,107,000. 58.81% of the stock is currently owned by institutional investors.

GAP Company Profile

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.

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