The Gap, Inc. (NYSE:GAP) Receives $28.47 Consensus Price Target from Analysts

Shares of The Gap, Inc. (NYSE:GAP - Get Free Report) have received an average rating of "Moderate Buy" from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $28.47.

GAP has been the subject of a number of research reports. Citigroup dropped their target price on GAP from $33.00 to $30.00 and set a "buy" rating for the company in a report on Friday, May 30th. Barclays boosted their price objective on shares of GAP from $26.00 to $33.00 and gave the company an "overweight" rating in a report on Tuesday, May 27th. Morgan Stanley lowered their target price on shares of GAP from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Jefferies Financial Group reiterated a "hold" rating and issued a $29.00 price target (up from $26.00) on shares of GAP in a research note on Wednesday, May 21st. Finally, UBS Group decreased their target price on shares of GAP from $29.00 to $27.00 and set a "neutral" rating on the stock in a report on Friday, May 30th.

GAP Stock Down 3.5%

GAP stock traded down $0.76 during trading hours on Tuesday, reaching $20.86. 9,991,206 shares of the stock were exchanged, compared to its average volume of 7,801,240. The firm's 50-day moving average is $22.73 and its 200-day moving average is $22.89. GAP has a 12 month low of $16.99 and a 12 month high of $29.29. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 0.94 and a beta of 2.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84.

GAP (NYSE:GAP - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.07. GAP had a net margin of 5.40% and a return on equity of 29.03%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts expect that GAP will post 2.02 earnings per share for the current year.

GAP Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $0.66 annualized dividend and a yield of 3.16%. GAP's payout ratio is 28.57%.

Insider Transactions at GAP

In related news, insider Julie Gruber sold 1,537 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now owns 37,395 shares of the company's stock, valued at $732,568.05. This trade represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark Breitbard sold 3,393 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $19.58, for a total value of $66,434.94. Following the transaction, the chief executive officer now owns 133,341 shares in the company, valued at $2,610,816.78. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,444 shares of company stock worth $2,348,404. Company insiders own 30.56% of the company's stock.

Hedge Funds Weigh In On GAP

Institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System acquired a new position in GAP during the 4th quarter worth approximately $4,953,000. GAMMA Investing LLC acquired a new stake in GAP in the 1st quarter valued at $1,971,000. Rhumbline Advisers acquired a new position in GAP during the first quarter worth $12,210,000. SG Americas Securities LLC acquired a new position in shares of GAP during the first quarter valued at about $3,519,000. Finally, Handelsbanken Fonder AB acquired a new stake in shares of GAP in the 1st quarter worth about $1,107,000. Institutional investors and hedge funds 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.