GAP (NYSE:GAP) Price Target Cut to $26.00 by Analysts at The Goldman Sachs Group

GAP (NYSE:GAP - Free Report) had its price target trimmed by The Goldman Sachs Group from $28.00 to $26.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

GAP has been the subject of a number of other research reports. UBS Group dropped their target price on shares of GAP from $29.00 to $27.00 and set a "neutral" rating for the company in a research report on Friday, May 30th. JPMorgan Chase & Co. increased their target price on shares of GAP from $25.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Telsey Advisory Group reissued a "market perform" rating and set a $26.00 target price on shares of GAP in a research report on Friday, May 30th. Barclays increased their price objective on shares of GAP from $26.00 to $33.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Finally, Wells Fargo & Company downgraded shares of GAP from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $30.00 to $24.00 in a research report on Wednesday, April 30th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, GAP presently has an average rating of "Moderate Buy" and an average price target of $28.53.

GAP Trading Up 1.9%

GAP traded up $0.38 on Tuesday, reaching $20.64. 5,699,835 shares of the company's stock were exchanged, compared to its average volume of 9,093,894. The company's 50 day moving average is $22.93 and its 200-day moving average is $22.27. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 2.24 and a beta of 2.14. GAP has a twelve month low of $16.99 and a twelve month high of $29.29. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.98 and a current ratio of 1.71.

GAP (NYSE:GAP - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.07. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.41 billion. GAP had a net margin of 5.80% and a return on equity of 27.86%. The company's revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. Equities analysts predict that GAP will post 2.02 earnings per share for the current year.

GAP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 9th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Wednesday, July 9th. GAP's dividend payout ratio (DPR) is currently 28.57%.

Insider Activity at GAP

In other GAP news, CEO Mark Breitbard sold 51,385 shares of GAP stock in a transaction on Friday, May 16th. The shares were sold at an average price of $27.00, for a total value of $1,387,395.00. Following the completion of the transaction, the chief executive officer owned 123,985 shares of the company's stock, valued at $3,347,595. The trade was a 29.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 30.56% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GAP. Dodge & Cox bought a new position in shares of GAP in the 1st quarter worth about $592,222,000. Ameriprise Financial Inc. bought a new position in shares of GAP in the 1st quarter worth about $63,674,000. Bank of New York Mellon Corp bought a new position in shares of GAP in the 1st quarter worth about $56,763,000. LSV Asset Management bought a new position in shares of GAP in the 1st quarter worth about $32,655,000. Finally, Rhumbline Advisers bought a new position in shares of GAP in the 1st quarter worth about $12,210,000. 58.81% of the stock is currently owned by institutional investors.

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.