Goldman Sachs analyst Brooke Roach maintained a Buy rating on Gap (GPS – Research Report) yesterday and set a price target of $18.00. The company’s shares closed yesterday at $17.85.
According to TipRanks, Roach is an analyst with an average return of -7.9% and a 41.77% success rate. Roach covers the Consumer Cyclical sector, focusing on stocks such as Gap, Macy’s, and Torrid Holdings.
In addition to Goldman Sachs, Gap also received a Buy from Barclays’s Adrienne Yih in a report issued yesterday. However, on the same day, Robert W. Baird maintained a Hold rating on Gap (NYSE: GPS).
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GPS market cap is currently $5.06B and has a P/E ratio of 175.52.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GPS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Gap (GPS) Company Description:
Gap, Inc. operates as a global apparel retail company. It offers apparel, accessories, and personal care products for men, women and children. The company operates through segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Intermix. 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. The Old Navy Global segment offers clothing and accessories for adults and children. The Banana Republic Global segment provides clothing, eyewear, jewelry, shoes, handbags and fragrances. The Athleta segment offers fitness apparel for women. The Intermix segment features styles from various designers. Gap was founded by Donald G. Fisher and Doris F. Fisher in July 1969 and is headquartered in San Francisco, CA.
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