November 24, 2016 - By Michael Collier
The EVP – CIO of Gap Inc and firm’s insider Paul Chapman sold 6,764 shares of the public company based on the average price of $25.0 for a share. These shares are worth precisely $169,054 U.S Dollars. Details about the trade dated November 23, 2016, could be found ready for you in a public report on the SEC website here.
Out of 31 analysts covering The Gap Inc. (NYSE:GPS), 4 rate it a “Buy”, 8 “Sell”, while 19 “Hold”. This means 13% are positive. $48 is the highest target while $16 is the lowest. The $28.19 average target is 7.68% above today’s ($26.18) stock price. The Gap Inc. has been the topic of 110 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Gap Inc (NYSE:GPS) rating on Tuesday, August 9. Deutsche Bank has “Sell” rating and $19 price target. As per Monday, August 24, the company rating was maintained by S&P Research. The rating was maintained by Bernstein on Tuesday, November 17 with “Market Perform”. On Friday, November 18 the stock rating was maintained by Wedbush with “Neutral”. The firm has “Perform” rating given on Friday, October 30 by Oppenheimer. The stock of Gap Inc (NYSE:GPS) has “Neutral” rating given on Friday, January 8 by M Partners. On Wednesday, October 7 the stock rating was initiated by Citigroup with “Neutral”. The firm earned “Market Perform” rating on Monday, October 12 by FBR Capital. Robert W. Baird maintained Gap Inc (NYSE:GPS) rating on Friday, August 19. Robert W. Baird has “Neutral” rating and $27 price target. The firm has “Mkt Perform” rating by FBR Capital given on Friday, May 20.
Insitutional Activity: The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 0.20, from 1.11 in 2016Q1. The ratio turned negative, as 67 funds sold all Gap Inc shares owned while 109 reduced positions. 56 funds bought stakes while 140 increased positions. They now own 219.06 million shares or 4.71% less from 229.88 million shares in 2016Q1.
Diam Ltd accumulated 0.01% or 24,680 shares. Apriem Advsrs, a California-based fund reported 178 shares. The Maryland-based Proshare Ltd Llc has invested 0.01% in Gap Inc (NYSE:GPS). Jacobs Levy Equity Mgmt Incorporated holds 0.17% or 385,804 shares in its portfolio. Calamos Advisors Lc accumulated 0% or 31,503 shares. Quinn Opportunity Prns Ltd Liability has 1.07% invested in the company for 129,300 shares. Moreover, Hancock has 0.08% invested in Gap Inc (NYSE:GPS) for 90,444 shares. Nomura Asset Mngmt Ltd reported 54,911 shares or 0.02% of all its holdings. Royal National Bank & Trust Of Canada holds 0% of its portfolio in Gap Inc (NYSE:GPS) for 338,496 shares. Checchi Capital Advisers Limited Liability Co has 3,477 shares for 0.01% of their US portfolio. One Trading Limited Partnership has invested 0% of its portfolio in Gap Inc (NYSE:GPS). Oregon Pub Employees Retirement Fund owns 100,273 shares or 0.05% of their US portfolio. Americafirst Capital Ltd Co accumulated 6,546 shares or 0% of the stock. The North Carolina-based Piedmont Investment Ltd Liability Company has invested 0% in Gap Inc (NYSE:GPS). Utd Services Automobile Association last reported 70,151 shares in the company.
Insider Transactions: Since November 21, 2016, the stock had 0 insider purchases, and 2 selling transactions for $458,538 net activity. $169,054 worth of shares were sold by Chapman Paul Joseph on Monday, November 21. $289,484 worth of shares were sold by Kirwan Jeff on Monday, November 21.
The stock increased 1.20% or $0.31 during the last trading session, hitting $26.18. About 5.88 million shares traded hands. Gap Inc (NYSE:GPS) has risen 8.56% since April 21, 2016 and is uptrending. It has outperformed by 3.23% the S&P500.
The Gap, Inc. is an apparel retail company. The company has a market cap of $10.80 billion. The Firm offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. It has a 15.66 P/E ratio. The Company’s products are available to clients online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.
According to Zacks Investment Research, “The Gap, Inc. is a global specialty retailer which operates stores selling casual apparel, personal care and other accessories for men, women and children under the Gap, Banana Republic and Old Navy brands. The company designs virtually all of its products, which in turn are manufactured by independent sources, and sells them under its brand names.”
Analysts await Gap Inc (NYSE:GPS) to report earnings on February, 23. They expect $0.44 earnings per share, down 22.81% or $0.13 from last year’s $0.57 per share. GPS’s profit will be $181.51 million for 14.88 P/E if the $0.44 EPS becomes a reality. After $0.60 actual earnings per share reported by Gap Inc for the previous quarter, Wall Street now forecasts -26.67% negative EPS growth.
More notable recent Gap Inc (NYSE:GPS) news were published by: Fool.com which released: “Why Shares of Gap Inc. Slumped Today” on November 18, 2016, also Marketwatch.com with their article: “Gap earnings: A facility fire has near-term benefits” published on November 16, 2016, Fortune.com published: “Gap Shares Are Way up Despite Decline in Sales” on November 07, 2016. More interesting news about Gap Inc (NYSE:GPS) were released by: Marketwatch.com and their article: “Gap Inc. CFO to depart” published on November 02, 2016 as well as Bizjournals.com‘s news article titled: “Former P&G treasurer hired as Gap Inc. CFO” with publication date: November 16, 2016.
The Gap, Inc. (Gap Inc.), incorporated on April 15, 1988, is an apparel retail company. The Firm offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. The Company’s products are available to clients online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services. It also sells products that are designed and manufactured by branded third-parties, especially at its Intermix brands. The Company’s divisions include Gap Global, Old Navy Global, Banana Republic Global, Athleta and Intermix. The Company’s omni-channel services, including order-in-store, reserve-in-store, find-in-store and ship-from-store, are tailored across its portfolio of brands. Gap Inc. has Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China, Taiwan and Hong Kong. It operates Gap, Banana Republic and Old Navy stores throughout Asia, Australia, Europe, Latin America, the Middle East and Africa.
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