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Gap Inc (GAP) Receives a Buy from Telsey Advisory

Tipranks - Tipranks - Wed Jan 7, 7:44AM CST

Telsey Advisory analyst Dana Telsey maintained a Buy rating on Gap Inc today and set a price target of $32.00.

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According to TipRanks, Telsey is a 3-star analyst with an average return of 2.2% and a 42.39% success rate. Telsey covers the Consumer Cyclical sector, focusing on stocks such as Gap Inc, Steven Madden, and Victoria’s Secret.

In a report released today, Barclays also maintained a Buy rating on the stock with a $33.00 price target.

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Based on Gap Inc’s latest earnings release for the quarter ending November 1, the company reported a quarterly revenue of $3.94 billion and a net profit of $236 million. In comparison, last year the company earned a revenue of $3.83 billion and had a net profit of $274 million

Based on the recent corporate insider activity of 70 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 GAP in relation to earlier this year. Last month, John J. Fisher, a Major Shareholder at GAP sold 3,971.00 shares for a total of $107,375.84.

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