November 24, 2016 - By Peter Kolinski
Jeff Kirwan; that is an insider in Gap Inc who is the most recent to unload shares in the company for which he is for the time being a President. He not a long ago unloaded some 11,406 shares of the company, valued by the stock market at $289,484 USD, that is a price per share of about $25.4. He owns 0.00% of the -company’s market cap or 8,763 shares. The company’s shares were sold on 23-11-2016 and the Form 4 that contains the original information, filed with the DC-based SEC can be accessed 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. The stock of Gap Inc (NYSE:GPS) has “Neutral” rating given on Tuesday, November 8 by Mizuho. The firm has “Neutral” rating by Citigroup given on Friday, May 20. The rating was downgraded by S&P Research to “Hold” on Thursday, October 1. The rating was upgraded by Wolfe Research to “Outperform” on Friday, June 17. As per Saturday, September 5, the company rating was maintained by Stifel Nicolaus. Telsey Advisory Group maintained Gap Inc (NYSE:GPS) rating on Friday, May 20. Telsey Advisory Group has “Market Perform” rating and $21 price target. The firm has “Neutral” rating given on Tuesday, August 11 by Piper Jaffray. S&P Research maintained the shares of GPS in a report on Monday, August 24 with “Buy” rating. The firm has “Sell” rating by UBS given on Wednesday, September 30. Stifel Nicolaus maintained Gap Inc (NYSE:GPS) rating on Friday, November 20. Stifel Nicolaus has “Buy” rating and $32 price target.
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.
Grassi Investment Mngmt holds 0.11% or 26,600 shares in its portfolio. The New York-based Gotham Asset Mgmt Limited Liability has invested 0.14% in Gap Inc (NYSE:GPS). Dreman Value Mgmt L L C holds 0.13% or 10,167 shares in its portfolio. Sumitomo Mitsui Tru Incorporated has 735,956 shares for 0.03% of their US portfolio. Intact Inv Mngmt last reported 10,500 shares in the company. Pnc Services Gru has 22,141 shares for 0% of their US portfolio. Carroll Assocs Inc holds 0% or 217 shares in its portfolio. Apg Asset Mgmt Nv, a Netherlands-based fund reported 2.90 million shares. Texas Permanent School Fund has 73,596 shares for 0.02% of their US portfolio. Fincl Architects Inc, a New Jersey-based fund reported 1,403 shares. Tokio Marine Asset Mngmt holds 0.02% or 9,719 shares in its portfolio. The Massachusetts-based Wellington Mgmt Limited Liability Partnership has invested 0% in Gap Inc (NYSE:GPS). Moreover, Ameriprise Fincl has 0% invested in Gap Inc (NYSE:GPS) for 131,107 shares. Norinchukin Fincl Bank The last reported 0.04% of its portfolio in the stock. Cantab Capital Ptnrs Llp has 0% invested in the company for 18,029 shares.
Insider Transactions: Since November 21, 2016, the stock had 0 buys, and 2 sales for $458,538 net activity. The insider Kirwan Jeff sold 11,406 shares worth $289,484. 6,764 shares were sold by Chapman Paul Joseph, worth $169,054.
The stock increased 1.20% or $0.31 during the last trading session, hitting $26.18. About 5.88M shares traded hands. Gap Inc (NYSE:GPS) has risen 9.27% since April 22, 2016 and is uptrending. It has outperformed by 3.94% 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 $181.51M 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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