GAP (NYSE:GAP) Price Target Raised to $30.00

GAP (NYSE:GAP) had its price objective raised by Morgan Stanley from $28.00 to $30.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also commented on the company. Jefferies Financial Group set a $22.00 price objective on GAP in a report on Thursday, September 4th. Wells Fargo & Company lowered their target price on shares of GAP from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, August 29th. Wall Street Zen downgraded shares of GAP from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. BTIG Research started coverage on shares of GAP in a research note on Tuesday, October 14th. They set a “buy” rating and a $30.00 price target on the stock. Finally, Zacks Research upgraded shares of GAP from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Seven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, GAP has a consensus rating of “Hold” and a consensus price target of $25.94.

GAP Stock Up 2.9%

NYSE:GAP opened at $23.45 on Wednesday. The company’s 50-day simple moving average is $22.45 and its 200-day simple moving average is $22.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 1.68. GAP has a fifty-two week low of $16.99 and a fifty-two week high of $29.29. The stock has a market capitalization of $8.70 billion, a P/E ratio of 10.02, a P/E/G ratio of 2.70 and a beta of 2.17.

GAP (NYSE:GAP) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. GAP had a net margin of 5.86% and a return on equity of 27.04%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the business posted $0.54 EPS. GAP’s revenue was up .1% on a year-over-year basis. GAP has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts anticipate that GAP will post 2.02 earnings per share for the current fiscal year.

GAP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 8th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, October 8th. GAP’s dividend payout ratio is 28.21%.

Insiders Place Their Bets

In related news, Director Robert J. Fisher sold 500,000 shares of the firm’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $22.90, for a total transaction of $11,450,000.00. Following the completion of the transaction, the director owned 2,829,502 shares of the company’s stock, valued at $64,795,595.80. This trade represents a 15.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William Sydney Fisher sold 200,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $23.86, for a total transaction of $4,772,000.00. Following the completion of the sale, the director directly owned 3,253,453 shares in the company, valued at approximately $77,627,388.58. The trade was a 5.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 943,064 shares of company stock worth $22,011,784 in the last quarter. Company insiders own 30.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in GAP in the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC purchased a new position in shares of GAP during the 3rd quarter valued at approximately $35,000. Brooklyn Investment Group purchased a new position in shares of GAP during the 1st quarter valued at approximately $80,000. Covestor Ltd acquired a new position in shares of GAP in the 1st quarter valued at $82,000. Finally, Plato Investment Management Ltd purchased a new stake in GAP during the first quarter worth $121,000. 58.81% of the stock is currently owned by hedge funds and other 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.