GAP (NYSE:GPS) Price Target Increased to $11.00 by Analysts at Deutsche Bank Aktiengesellschaft

GAP (NYSE:GPSGet Rating) had its target price boosted by Deutsche Bank Aktiengesellschaft from $8.00 to $11.00 in a research report sent to investors on Monday morning, The Fly reports.

Several other analysts have also weighed in on GPS. Jefferies Financial Group increased their price target on GAP from $11.00 to $13.00 in a report on Friday. Wells Fargo & Company increased their target price on GAP from $10.00 to $12.00 and gave the stock an equal weight rating in a research note on Friday. Cowen reduced their target price on GAP from $12.00 to $10.00 and set a market perform rating on the stock in a research note on Wednesday, August 31st. The Goldman Sachs Group increased their target price on GAP from $8.00 to $9.00 and gave the stock a neutral rating in a research note on Friday, August 26th. Finally, Cowen reduced their target price on GAP from $12.00 to $10.00 and set a market perform rating on the stock in a research note on Wednesday, August 31st. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $11.64.

GAP Stock Performance

NYSE:GPS opened at $14.25 on Monday. The stock’s fifty day moving average is $10.29 and its 200 day moving average is $10.04. GAP has a fifty-two week low of $7.79 and a fifty-two week high of $24.94. The firm has a market capitalization of $5.18 billion, a PE ratio of 89.07 and a beta of 1.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.59 and a current ratio of 1.49.

GAP (NYSE:GPSGet Rating) last released its quarterly earnings results on Thursday, November 17th. The apparel retailer reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.70. GAP had a return on equity of 4.78% and a net margin of 0.35%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the firm posted $0.27 EPS. GAP’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts anticipate that GAP will post -0.33 earnings per share for the current year.

GAP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date is Tuesday, January 3rd. GAP’s payout ratio is currently 375.02%.

Insider Activity at GAP

In related news, CEO Mary Beth Laughton sold 11,030 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $11.28, for a total transaction of $124,418.40. Following the sale, the chief executive officer now owns 31,561 shares of the company’s stock, valued at $356,008.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 44.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On GAP

Several institutional investors have recently added to or reduced their stakes in GPS. New York State Common Retirement Fund boosted its holdings in GAP by 18.4% in the first quarter. New York State Common Retirement Fund now owns 324,280 shares of the apparel retailer’s stock worth $4,566,000 after acquiring an additional 50,463 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in GAP in the first quarter worth about $348,000. Bank of New York Mellon Corp boosted its holdings in GAP by 15.3% in the first quarter. Bank of New York Mellon Corp now owns 3,138,643 shares of the apparel retailer’s stock worth $44,192,000 after acquiring an additional 415,813 shares in the last quarter. US Bancorp DE boosted its holdings in GAP by 34.9% in the first quarter. US Bancorp DE now owns 12,100 shares of the apparel retailer’s stock worth $170,000 after acquiring an additional 3,132 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its stake in shares of GAP by 104.3% in the first quarter. Pinebridge Investments L.P. now owns 445,547 shares of the apparel retailer’s stock worth $6,273,000 after purchasing an additional 227,512 shares during the last quarter. Institutional investors and hedge funds own 57.46% of the company’s stock.

About GAP

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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 denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.

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