GAP (NYSE:GAP) Given “Market Perform” Rating at Telsey Advisory Group

GAP (NYSE:GAP)‘s stock had its “market perform” rating reissued by Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They presently have a $26.00 price objective on the stock. Telsey Advisory Group’s target price points to a potential downside of 8.57% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group reiterated a “hold” rating and set a $29.00 target price (up from $26.00) on shares of GAP in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on GAP from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. Robert W. Baird decreased their price objective on GAP from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Citigroup decreased their price objective on GAP from $32.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley decreased their price objective on GAP from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $28.33.

GAP Price Performance

Shares of NYSE:GAP opened at $28.44 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $21.81 and its two-hundred day simple moving average is $22.74. GAP has a 1-year low of $16.99 and a 1-year high of $29.29. The stock has a market cap of $10.71 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.94 and a beta of 2.24.

GAP (NYSE:GAP) last released its earnings results on Thursday, March 6th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.18. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.07 billion. GAP had a return on equity of 29.03% and a net margin of 5.40%. As a group, analysts forecast that GAP will post 2.02 EPS for the current fiscal year.

Insider Buying and Selling at GAP

In other news, insider Sarah Gilligan sold 29,813 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $20.34, for a total transaction of $606,396.42. Following the completion of the transaction, the insider now owns 2,634 shares of the company’s stock, valued at approximately $53,575.56. The trade was a 91.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Breitbard sold 51,385 shares of the business’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $27.00, for a total value of $1,387,395.00. Following the transaction, the chief executive officer now directly owns 123,985 shares of the company’s stock, valued at $3,347,595. The trade was a 29.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 228,880 shares of company stock valued at $4,985,854 in the last quarter. 30.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Hexagon Capital Partners LLC purchased a new position in shares of GAP during the first quarter worth about $30,000. New York State Teachers Retirement System purchased a new position in shares of GAP during the first quarter worth about $5,065,000. Oregon Public Employees Retirement Fund purchased a new position in shares of GAP during the first quarter worth about $932,000. GAMMA Investing LLC purchased a new position in shares of GAP during the first quarter worth about $96,000. Finally, Deseret Mutual Benefit Administrators purchased a new position in shares of GAP during the first quarter worth about $81,000. Hedge funds and other 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.