Market Rating: Is Gap (NYSE:GPS) a Buy? How Analyst Rate it? Why PiperJaffray Upgraded The Stock

November 28, 2016 - By Nellie Frank

Market Rating:  Is Gap (NYSE:GPS) a Buy? How Analyst Rate it? Why PiperJaffray Upgraded The Stock

Gap (NYSE:GPS) Upgrade

PiperJaffray upgraded Gap (NYSE:GPS)‘s stock to a “Neutral” rating from “Underweight”. This rating change was revealed to clients and investors in a a research note today.

Gap Inc (NYSE:GPS) Ratings Coverage

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 10.51% above today’s ($25.51) stock price. The Gap Inc. has been the topic of 110 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, October 9 by RBC Capital Markets. The company was maintained on Friday, August 19 by Wedbush. Citigroup maintained Gap Inc (NYSE:GPS) rating on Friday, May 20. Citigroup has “Neutral” rating and $19 price target. The rating was downgraded by Mizuho to “Underperform” on Wednesday, September 30. UBS maintained it with “Sell” rating and $23 target price in Friday, November 20 report. The stock of Gap Inc (NYSE:GPS) has “Hold” rating given on Friday, September 4 by Cantor Fitzgerald. Stifel Nicolaus downgraded Gap Inc (NYSE:GPS) on Friday, May 20 to “Hold” rating. The firm has “Neutral” rating given on Friday, November 18 by Mizuho. The firm earned “Mkt Perform” rating on Friday, May 20 by FBR Capital. Telsey Advisory Group maintained Gap Inc (NYSE:GPS) rating on Friday, November 20. Telsey Advisory Group has “Market Perform” rating and $28 price target.

About 4.24M 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 earnings per share, down 22.81% or $0.13 from last year’s $0.57 per share. GPS’s profit will be $171.31M for 14.51 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.

Insitutional Activity: The institutional sentiment decreased to 0.91 in 2016 Q2. 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.

The Connecticut-based Hartford Investment Com has invested 0.02% in Gap Inc (NYSE:GPS). Commonwealth Natl Bank Of reported 273,798 shares or 0.07% of all its holdings. Fukoku Mutual Life Insurance accumulated 3,000 shares or 0.01% of the stock. Proshare Limited Liability Corp holds 0.01% of its portfolio in Gap Inc (NYSE:GPS) for 50,057 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% or 20,365 shares in its portfolio. Parkside Retail Bank & has invested 0% of its portfolio in Gap Inc (NYSE:GPS). Calvert Invest Mngmt last reported 0.02% of its portfolio in the stock. Utah Retirement accumulated 40,503 shares or 0.02% of the stock. Mackenzie Fin holds 0% or 30,065 shares in its portfolio. Vantage Inv Advsr Ltd Liability Corporation last reported 0.01% of its portfolio in the stock. Kcg reported 28,683 shares or 0.01% of all its holdings. Vident Inv Advisory Ltd Liability Com accumulated 0.28% or 92,365 shares. Wells Fargo And Mn holds 609,325 shares or 0.01% of its portfolio. Louisiana State Employees Retirement System holds 0.02% or 14,900 shares in its portfolio. Bluemountain Cap Limited Liability Com holds 0.13% or 271,206 shares in its portfolio.

Insider Transactions: Since November 21, 2016, the stock had 0 insider buys, and 2 sales for $458,538 net activity. The insider Kirwan Jeff sold $289,484. On Monday, November 21 Chapman Paul Joseph sold $169,054 worth of the stock or 6,764 shares.

The Gap, Inc. is an apparel retail company. The company has a market cap of $9.93 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 15.26 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.”

GPS Company Profile

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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