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

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

Other research analysts have also issued reports about the stock. The Goldman Sachs Group dropped their price objective on shares of GAP from $34.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Citigroup lowered their target price on shares of GAP from $32.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Morgan Stanley dropped their price target on shares of GAP from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Jefferies Financial Group reiterated a "hold" rating and set a $29.00 price target (up from $26.00) on shares of GAP in a report on Wednesday, May 21st. Finally, Wells Fargo & Company downgraded shares of GAP from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $30.00 to $24.00 in a research note on Wednesday, April 30th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.80.

GAP Price Performance

Shares of GAP stock traded down $0.15 during trading hours on Friday, reaching $28.29. The company's stock had a trading volume of 11,545,152 shares, compared to its average volume of 7,196,318. The firm has a 50 day moving average price of $22.14 and a 200-day moving average price of $22.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84. The stock has a market cap of $10.65 billion, a P/E ratio of 13.09, a P/E/G ratio of 0.94 and a beta of 2.24. GAP has a one year low of $16.99 and a one year high of $29.29.

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

GAP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 9th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $0.66 annualized dividend and a yield of 2.33%. GAP's dividend payout ratio (DPR) is currently 29.86%.

Insider Buying and Selling at GAP

In related news, insider Sarah Gilligan sold 29,813 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $20.34, for a total value of $606,396.42. Following the completion of the transaction, the insider now owns 2,634 shares of the company's stock, valued at $53,575.56. The trade was a 91.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Elisabeth B. Donohue sold 3,539 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $21.04, for a total value of $74,460.56. Following the sale, the director now owns 4,000 shares of the company's stock, valued at approximately $84,160. This represents a 46.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 228,880 shares of company stock valued at $4,985,854 in the last ninety days. Corporate insiders own 31.00% of the company's stock.

Institutional Trading of GAP

Several hedge funds and other institutional investors have recently bought and sold shares of GAP. Hexagon Capital Partners LLC purchased a new stake in shares of GAP during the 1st quarter worth $30,000. First Horizon Advisors Inc. bought a new position in GAP in the first quarter worth about $75,000. Brooklyn Investment Group purchased a new stake in shares of GAP during the first quarter valued at about $80,000. Deseret Mutual Benefit Administrators bought a new stake in shares of GAP in the 1st quarter valued at about $81,000. Finally, Covestor Ltd bought a new stake in shares of GAP in the 1st quarter valued at about $82,000. 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.