Guggenheim Reaffirms “Buy” Rating for GAP (NYSE:GAP)

GAP (NYSE:GAP)‘s stock had its “buy” rating restated by stock analysts at Guggenheim in a research note issued to investors on Friday,Benzinga reports. They presently have a $35.00 target price on the stock. Guggenheim’s target price suggests a potential upside of 40.73% from the stock’s current price.

Several other analysts have also commented on GAP. Argus raised shares of GAP to a “hold” rating in a research report on Thursday, September 19th. Wells Fargo & Company raised their target price on shares of GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price target on shares of GAP from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday. Evercore ISI increased their price objective on GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Friday. Finally, Morgan Stanley boosted their target price on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, GAP presently has an average rating of “Hold” and an average price target of $28.30.

GAP Stock Up 12.8 %

Shares of GAP stock opened at $24.87 on Friday. The company’s 50 day simple moving average is $21.39. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.26 and a beta of 2.35. GAP has a 52-week low of $18.34 and a 52-week high of $30.75.

GAP (NYSE:GAP) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. GAP had a return on equity of 30.10% and a net margin of 5.40%. Analysts anticipate that GAP will post 1.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Horacio Barbeito sold 75,385 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total value of $1,507,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 31.00% of the stock is owned by corporate insiders.

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.