GAP (NYSE:GPS) Price Target Cut to $11.00 by Analysts at Barclays

GAP (NYSE:GPS – Get Rating) had its price target lowered by Barclays from $13.00 to $11.00 in a research note issued to investors on Monday, The Fly reports. Barclays currently has an equal weight rating on the apparel retailer’s stock.

A number of other equities research analysts have also issued reports on the stock. Wells Fargo & Company raised their price target on shares of GAP from $10.00 to $12.00 and gave the stock an equal weight rating in a report on Friday, November 18th. Credit Suisse Group raised their price target on shares of GAP to $12.00 in a report on Monday, November 21st. StockNews.com lowered shares of GAP from a hold rating to a sell rating in a report on Friday. UBS Group lowered shares of GAP from a neutral rating to a sell rating and set a $7.00 price target on the stock. in a report on Thursday, January 5th. Finally, Jefferies Financial Group raised their price target on shares of GAP from $11.00 to $13.00 in a report on Friday, November 18th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $11.50.

GAP Price Performance

GPS stock opened at $10.37 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.68 and a current ratio of 1.42. GAP has a 52 week low of $7.79 and a 52 week high of $15.53. The firm’s fifty day moving average is $12.98 and its 200 day moving average is $11.83. The firm has a market cap of $3.77 billion, a P/E ratio of -18.85, a P/E/G ratio of 1.42 and a beta of 1.94.

GAP (NYSE:GPS – Get Rating) last released its earnings results on Thursday, March 9th. The apparel retailer reported ($0.75) EPS for the quarter, missing the consensus estimate of ($0.59) by ($0.16). GAP had a negative net margin of 1.29% and a negative return on equity of 6.07%. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the prior year, the business posted ($0.02) EPS. GAP’s revenue for the quarter was down 6.2% on a year-over-year basis. Research analysts predict that GAP will post 0.64 earnings per share for the current year.

GAP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, April 4th. This represents a $0.60 dividend on an annualized basis and a yield of 5.79%. GAP’s dividend payout ratio (DPR) is currently -109.09%.

Insider Activity at GAP

In related news, CEO Mark Breitbard sold 7,311 shares of GAP stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $12.34, for a total transaction of $90,217.74. Following the completion of the transaction, the chief executive officer now directly owns 98,980 shares of the company’s stock, valued at approximately $1,221,413.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 8,101 shares of company stock valued at $100,492 in the last three months. Company insiders own 44.19% of the company’s stock.

Institutional Trading of GAP

A number of institutional investors and hedge funds have recently bought and sold shares of GPS. US Bancorp DE increased its stake in GAP by 34.9% during the 1st quarter. US Bancorp DE now owns 12,100 shares of the apparel retailer’s stock valued at $170,000 after purchasing an additional 3,132 shares in the last quarter. Rhumbline Advisers increased its stake in GAP by 54.9% during the 1st quarter. Rhumbline Advisers now owns 535,779 shares of the apparel retailer’s stock valued at $7,544,000 after purchasing an additional 189,872 shares in the last quarter. Covestor Ltd increased its stake in GAP by 208.4% during the 1st quarter. Covestor Ltd now owns 6,923 shares of the apparel retailer’s stock valued at $97,000 after purchasing an additional 4,678 shares in the last quarter. American International Group Inc. increased its stake in GAP by 470.4% during the 1st quarter. American International Group Inc. now owns 360,438 shares of the apparel retailer’s stock valued at $5,075,000 after purchasing an additional 297,247 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC bought a new stake in GAP during the 1st quarter valued at about $915,000. 57.72% of the stock is currently owned by institutional investors.

GAP Company Profile

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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.