Telsey Advisory Group Increases GAP (NYSE:GAP) Price Target to $34.00

GAP (NYSE:GAP) had its price target boosted by research analysts at Telsey Advisory Group from $32.00 to $34.00 in a note issued to investors on Monday, MarketBeat reports. The firm currently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective points to a potential upside of 24.54% from the stock’s previous close.

Several other equities analysts also recently weighed in on GAP. Evercore lifted their target price on GAP from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. JPMorgan Chase & Co. lifted their price objective on shares of GAP from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Guggenheim began coverage on shares of GAP in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Morgan Stanley raised their price target on shares of GAP from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Finally, Wall Street Zen raised GAP from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, GAP has an average rating of “Moderate Buy” and an average price target of $30.54.

GAP Trading Down 3.0%

GAP opened at $27.30 on Monday. GAP has a 52 week low of $16.99 and a 52 week high of $29.36. The company has a quick ratio of 0.97, a current ratio of 1.72 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $27.29 and a 200-day simple moving average of $24.87. The firm has a market cap of $10.15 billion, a P/E ratio of 12.19, a P/E/G ratio of 2.90 and a beta of 2.29.

Insider Transactions at GAP

In other GAP news, insider Julie Gruber sold 30,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $28.00, for a total value of $840,000.00. Following the sale, the insider directly owned 37,395 shares in the company, valued at $1,047,060. This trade represents a 44.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder John J. Fisher sold 3,971 shares of GAP stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $27.04, for a total value of $107,375.84. Following the sale, the insider directly owned 746,781 shares of the company’s stock, valued at $20,192,958.24. This trade represents a 0.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 133,971 shares of company stock valued at $3,629,264. Insiders own 31.00% of the company’s stock.

Institutional Investors Weigh In On GAP

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its holdings in GAP by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 71,867 shares of the company’s stock valued at $1,537,000 after purchasing an additional 447 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of GAP by 1.3% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 45,799 shares of the company’s stock valued at $980,000 after buying an additional 600 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of GAP in the 4th quarter valued at $26,000. Plato Investment Management Ltd acquired a new stake in GAP during the 4th quarter worth $28,000. Finally, V Square Quantitative Management LLC purchased a new stake in GAP in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 58.81% of the company’s stock.

GAP Company Profile

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.