GAP (NYSE:GPS) Given New $25.00 Price Target at The Goldman Sachs Group

GAP (NYSE:GPS) had its price objective upped by The Goldman Sachs Group from $24.00 to $25.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the apparel retailer’s stock. The Goldman Sachs Group’s target price points to a potential upside of 24.25% from the company’s previous close.

A number of other research analysts have also commented on GPS. StockNews.com raised GAP from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Telsey Advisory Group raised their target price on GAP from $17.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, March 8th. Cowen raised their target price on GAP from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. BMO Capital Markets raised their target price on GAP from $14.00 to $18.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Finally, TheStreet upgraded GAP from a “c” rating to a “b-” rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.95.

GAP Trading Up 0.0 %

GPS stock traded up $0.01 during trading on Thursday, hitting $20.12. 2,339,439 shares of the company traded hands, compared to its average volume of 7,475,415. The company has a 50-day moving average of $22.57 and a 200-day moving average of $19.52. The firm has a market capitalization of $7.52 billion, a PE ratio of 15.04, a P/E/G ratio of 1.28 and a beta of 2.28. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.42. GAP has a 1 year low of $7.22 and a 1 year high of $28.59.

GAP (NYSE:GPS) last released its quarterly earnings results on Thursday, March 7th. The apparel retailer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.29. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.22 billion. GAP had a return on equity of 22.56% and a net margin of 3.37%. GAP’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.75) EPS. Analysts predict that GAP will post 1.36 earnings per share for the current fiscal year.

Insider Activity at GAP

In other GAP news, insider Julie Gruber sold 24,180 shares of GAP stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $23.00, for a total value of $556,140.00. Following the completion of the sale, the insider now owns 1,384 shares of the company’s stock, valued at approximately $31,832. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Julie Gruber sold 24,180 shares of GAP stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $23.00, for a total value of $556,140.00. Following the completion of the sale, the insider now owns 1,384 shares of the company’s stock, valued at $31,832. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sarah Gilligan sold 29,425 shares of GAP stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $22.58, for a total value of $664,416.50. Following the completion of the sale, the insider now directly owns 1,697 shares of the company’s stock, valued at approximately $38,318.26. The disclosure for this sale can be found here. Insiders sold a total of 266,723 shares of company stock valued at $6,886,765 in the last 90 days. Corporate insiders own 30.81% of the company’s stock.

Institutional Trading of GAP

Several large investors have recently modified their holdings of the company. GAMMA Investing LLC purchased a new position in GAP during the fourth quarter valued at $42,000. Hexagon Capital Partners LLC lifted its position in shares of GAP by 317.5% in the third quarter. Hexagon Capital Partners LLC now owns 2,793 shares of the apparel retailer’s stock valued at $30,000 after acquiring an additional 2,124 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of GAP by 1.2% in the fourth quarter. New York State Teachers Retirement System now owns 263,675 shares of the apparel retailer’s stock valued at $5,513,000 after acquiring an additional 3,109 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of GAP in the fourth quarter valued at about $73,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of GAP by 11.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 41,265 shares of the apparel retailer’s stock valued at $863,000 after acquiring an additional 4,200 shares in the last quarter. Institutional investors own 58.81% of the company’s stock.

About GAP

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.