BTIG Research Cuts GAP (NYSE:GAP) Price Target to $28.00

GAP (NYSE:GAP) had its price objective cut by analysts at BTIG Research from $31.00 to $28.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target would indicate a potential upside of 34.65% from the stock’s current price.

A number of other research firms also recently commented on GAP. Weiss Ratings raised shares of GAP from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. Argus raised shares of GAP to a “strong-buy” rating in a research report on Thursday, January 22nd. JPMorgan Chase & Co. boosted their target price on GAP from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 20th. The Goldman Sachs Group boosted their target price on GAP from $29.00 to $32.00 and gave the company a “buy” rating in a report on Friday, January 30th. Finally, Citigroup boosted their target price on GAP from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, GAP presently has an average rating of “Moderate Buy” and an average target price of $30.07.

GAP Stock Up 0.3%

Shares of NYSE:GAP opened at $20.80 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.75 and a quick ratio of 1.08. GAP has a 1 year low of $18.68 and a 1 year high of $29.36. The firm has a market capitalization of $7.60 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 1.20 and a beta of 2.11. The firm’s 50-day moving average is $24.22 and its two-hundred day moving average is $25.67.

GAP (NYSE:GAP) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.24 billion. GAP had a net margin of 5.31% and a return on equity of 22.98%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. Analysts predict that GAP will post 2.3 EPS for the current year.

Insider Buying and Selling

In other GAP news, CEO Mark Breitbard sold 119,155 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $23.80, for a total transaction of $2,835,889.00. Following the completion of the transaction, the chief executive officer owned 135,884 shares in the company, valued at approximately $3,234,039.20. This represents a 46.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Julie Gruber sold 74,217 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $23.85, for a total transaction of $1,770,075.45. Following the transaction, the insider owned 53,970 shares of the company’s stock, valued at approximately $1,287,184.50. The trade was a 57.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 923,098 shares of company stock worth $22,648,158. 31.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new position in GAP in the fourth quarter worth $26,000. Plato Investment Management Ltd purchased a new position in GAP in the fourth quarter worth $28,000. V Square Quantitative Management LLC purchased a new position in GAP in the fourth quarter worth $31,000. Root Financial Partners LLC purchased a new stake in GAP during the third quarter worth about $27,000. Finally, Cornerstone Planning Group LLC purchased a new stake in GAP during the third quarter worth about $35,000. Hedge funds and other institutional investors 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.