November 28, 2016 - By Marguerite Chambers
In a report issued to clients on 28 November, Piper Jaffray has upgraded The Gap Inc (NYSE:GPS) stock to a Neutral. GPS’s old rating was Underweight.
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 10.64% above today’s ($25.48) stock price. The Gap Inc. has been the topic of 110 analyst reports since August 5, 2015 according to StockzIntelligence Inc. M Partners initiated it with “Buy” rating and $40 target price in Thursday, September 17 report. The stock of Gap Inc (NYSE:GPS) earned “Underperform” rating by Mizuho on Wednesday, September 30. On Friday, October 9 the stock rating was maintained by Topeka Capital Markets with “Buy”. Mizuho maintained the stock with “Underperform” rating in Friday, November 20 report. The firm has “Underweight” rating by Barclays Capital given on Thursday, October 29. Stifel Nicolaus maintained it with “Buy” rating and $48 target price in Tuesday, August 11 report. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, February 9. As per Monday, October 12, the company rating was maintained by FBR Capital. The stock has “Hold” rating given by Cantor Fitzgerald on Friday, September 4. Wolfe Research maintained Gap Inc (NYSE:GPS) on Friday, October 9 with “Underperform” rating.
About 5.35 million shares traded hands. Gap Inc (NYSE:GPS) has risen 9.23% since April 25, 2016 and is uptrending. It has outperformed by 3.21% the S&P500.
Analysts await Gap Inc (NYSE:GPS) to report earnings on February, 23. They expect $0.44 EPS, down 22.81% or $0.13 from last year’s $0.57 per share. GPS’s profit will be $171.30M for 14.48 P/E if the $0.44 EPS becomes a reality. After $0.60 actual EPS reported by Gap Inc for the previous quarter, Wall Street now forecasts -26.67% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.20, from 1.11 in 2016Q1. The ratio dropped, 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.
Kbc Group Inc Nv holds 0.03% of its portfolio in Gap Inc (NYSE:GPS) for 99,243 shares. The California-based Denali Advisors Ltd Company has invested 1.52% in Gap Inc (NYSE:GPS). Schwab Charles Investment has invested 0.03% of its portfolio in Gap Inc (NYSE:GPS). American Int Gru has 0% invested in the company for 14.38M shares. Manufacturers Life Ins Co The reported 235,548 shares or 0.01% of all its holdings. Cambridge Rech Inc last reported 33,602 shares in the company. Carroll Associates Incorporated last reported 0% of its portfolio in the stock. Nuveen Asset Management holds 0% or 15,707 shares in its portfolio. Fjarde Ap has 0.03% invested in the company for 57,470 shares. Quinn Opportunity Ptnrs Llc holds 129,300 shares or 1.07% of its portfolio. Bancorpsouth has 53,313 shares for 0.13% of their US portfolio. Fmr Ltd holds 0% or 211,631 shares in its portfolio. Mutual Of America Cap Mngmt Llc, a New York-based fund reported 26,086 shares. Hermes Mngmt Ltd has 0.01% invested in the company for 33,507 shares. Alliancebernstein Lp accumulated 0.01% or 487,126 shares.
Insider Transactions: Since November 21, 2016, the stock had 0 insider buys, and 2 insider sales for $458,538 net activity. $289,484 worth of Gap Inc (NYSE:GPS) shares were sold by Kirwan Jeff. Another trade for 6,764 shares valued at $169,054 was made by Chapman Paul Joseph on Monday, November 21.
The Gap, Inc. is an apparel retail company. The company has a market cap of $9.92 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 15.24 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.”
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.
More notable recent Gap Inc (NYSE:GPS) news were published by: Wsj.com which released: “As Gap Struggles, Its Analytical CEO Prizes Data Over Design” on November 27, 2016, also Fool.com with their article: “Why Shares of Gap Inc. Slumped Today” published on November 18, 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: Bizjournals.com and their article: “Former P&G treasurer hired as Gap Inc. CFO” published on November 16, 2016 as well as Marketwatch.com‘s news article titled: “Gap Inc. CFO to depart” with publication date: November 02, 2016.
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