GAP (NYSE:GAP) Stock Price Expected to Rise, Evercore ISI Analyst Says

GAP (NYSE:GAP) had its price objective raised by equities researchers at Evercore ISI from $24.00 to $25.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 13.52% from the company’s previous close.

A number of other brokerages have also recently issued reports on GAP. Barclays cut shares of GAP from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $24.00 to $19.00 in a research note on Friday, August 22nd. Telsey Advisory Group dropped their price target on shares of GAP from $26.00 to $24.00 and set a “market perform” rating on the stock in a research note on Monday, August 25th. Bank of America upped their price target on shares of GAP from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday. Jefferies Financial Group reiterated a “hold” rating and issued a $29.00 price target (up previously from $26.00) on shares of GAP in a research note on Wednesday, May 21st. Finally, The Goldman Sachs Group dropped their price target on shares of GAP from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.87.

GAP Stock Up 1.6%

NYSE:GAP opened at $22.02 on Friday. The firm’s 50-day moving average price is $21.09 and its 200-day moving average price is $21.72. The company has a market capitalization of $8.29 billion, a PE ratio of 9.41, a P/E/G ratio of 2.43 and a beta of 2.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.71 and a quick ratio of 0.98. GAP has a 1-year low of $16.99 and a 1-year high of $29.29.

GAP (NYSE:GAP) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.73 billion. GAP had a net margin of 5.86% and a return on equity of 27.44%. GAP’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. GAP has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts predict that GAP will post 2.02 EPS for the current fiscal year.

Hedge Funds Weigh In On GAP

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hexagon Capital Partners LLC bought a new position in shares of GAP in the 1st quarter worth approximately $30,000. First Horizon Advisors Inc. bought a new position in shares of GAP in the 1st quarter worth approximately $75,000. Brooklyn Investment Group bought a new position in shares of GAP in the 1st quarter worth approximately $80,000. Deseret Mutual Benefit Administrators bought a new position in shares of GAP in the 1st quarter worth approximately $81,000. Finally, Covestor Ltd bought a new position in shares of GAP in the 1st quarter worth approximately $82,000. Institutional investors own 58.81% of the company’s stock.

GAP Company Profile

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.