GAP's (GAP) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued 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 target on the stock.

Several other equities analysts have also recently weighed in on the stock. Barclays lowered their price objective on shares of GAP from $33.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Citigroup lowered their target price on shares of GAP from $32.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. UBS Group upped their price objective on shares of GAP from $19.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their price target on GAP from $25.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company lowered shares of GAP from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $30.00 to $24.00 in a research report on Wednesday, April 30th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $28.80.

GAP Stock Down 0.2%

GAP traded down $0.07 during trading on Friday, hitting $28.39. The company had a trading volume of 15,453,023 shares, compared to its average volume of 7,171,198. 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 company has a market cap of $10.69 billion, a PE ratio of 13.14, a P/E/G ratio of 0.94 and a beta of 2.24. GAP has a 1-year low of $16.99 and a 1-year high of $29.29. The business has a 50-day moving average of $21.98 and a 200-day moving average of $22.79.

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

GAP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, July 9th. GAP's payout ratio is presently 29.86%.

Insider Transactions at GAP

In other GAP news, insider Sarah Gilligan sold 29,813 shares of GAP stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $20.34, for a total transaction of $606,396.42. Following the transaction, the insider now owns 2,634 shares of the company's stock, valued at $53,575.56. This trade represents a 91.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Julie Gruber sold 1,537 shares of GAP stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $19.59, for a total transaction of $30,109.83. Following the completion of the transaction, the insider now owns 37,395 shares of the company's stock, valued at $732,568.05. The trade was a 3.95% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 228,880 shares of company stock valued at $4,985,854. Corporate insiders own 30.56% of the company's stock.

Institutional Investors Weigh In On GAP

Hedge funds have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC bought a new stake in shares of GAP in the first quarter worth about $30,000. First Horizon Advisors Inc. purchased a new position in shares of GAP during the first quarter valued at approximately $75,000. Brooklyn Investment Group purchased a new position in GAP in the first quarter worth about $80,000. Deseret Mutual Benefit Administrators purchased a new stake in GAP during the first quarter valued at approximately $81,000. Finally, Covestor Ltd purchased a new stake in GAP in the first quarter worth about $82,000. Institutional investors own 58.81% of the company's stock.

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.