GAP (NYSE:GPS) Price Target Increased to $18.00 by Analysts at The Goldman Sachs Group

GAP (NYSE:GPS) had its price objective raised by The Goldman Sachs Group from $13.00 to $18.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the apparel retailer’s stock. The Goldman Sachs Group’s target price points to a potential upside of 31.68% from the company’s current price.

GPS has been the subject of several other reports. Citigroup boosted their price target on GAP from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 18th. Morgan Stanley increased their price target on shares of GAP from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Friday. Wells Fargo & Company upgraded shares of GAP from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $11.00 to $16.00 in a report on Wednesday, October 25th. Barclays upgraded shares of GAP from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $9.00 to $13.00 in a research note on Tuesday, August 1st. Finally, TheStreet upgraded shares of GAP from a “d+” rating to a “c-” rating in a research note on Thursday, July 27th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.07.

GAP Trading Down 2.8 %

NYSE GPS opened at $13.67 on Friday. GAP has a one year low of $7.22 and a one year high of $15.49. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.67 and a current ratio of 1.41. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 47.14, a price-to-earnings-growth ratio of 1.62 and a beta of 1.92. The company’s 50-day simple moving average is $11.76 and its two-hundred day simple moving average is $10.21.

GAP (NYSE:GPS) last issued its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.39. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.61 billion. GAP had a net margin of 0.71% and a return on equity of 5.06%. GAP’s revenue was down 6.7% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. Equities analysts forecast that GAP will post 0.72 EPS for the current fiscal year.

Insider Activity at GAP

In other GAP news, CFO Katrina O’connell sold 24,509 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $10.36, for a total value of $253,913.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Katrina O’connell sold 24,509 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $10.36, for a total transaction of $253,913.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Sarah Gilligan sold 8,712 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $14.00, for a total transaction of $121,968.00. Following the sale, the executive vice president now directly owns 11,741 shares in the company, valued at $164,374. The disclosure for this sale can be found here. Insiders have sold a total of 33,768 shares of company stock worth $382,237 over the last quarter. Insiders own 30.81% of the company’s stock.

Institutional Trading of GAP

A number of institutional investors and hedge funds have recently made changes to their positions in GPS. US Bancorp DE increased its holdings in GAP by 34.9% in the 1st 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. Rhumbline Advisers increased its stake in shares of GAP by 54.9% during the first quarter. Rhumbline Advisers now owns 535,779 shares of the apparel retailer’s stock worth $7,544,000 after purchasing an additional 189,872 shares in the last quarter. Covestor Ltd raised its position in shares of GAP by 208.4% during the 1st quarter. Covestor Ltd now owns 6,923 shares of the apparel retailer’s stock worth $97,000 after purchasing an additional 4,678 shares during the last quarter. American International Group Inc. lifted its stake in GAP by 470.4% in the 1st quarter. American International Group Inc. now owns 360,438 shares of the apparel retailer’s stock valued at $5,075,000 after buying an additional 297,247 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC acquired a new stake in GAP in the 1st quarter worth about $915,000. 61.71% of the stock is currently owned by hedge funds and other institutional investors.

GAP Company Profile

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 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.