Noteworthy Rating Filing: Is It Finally Time To Buy? Piper Jaffray Upgrades Gap (NYSE:GPS)

November 28, 2016 - By Peter Kolinski

Noteworthy Rating Filing:  Is It Finally Time To Buy? Piper Jaffray Upgrades Gap (NYSE:GPS)

Gap (NYSE:GPS) Upgrade

In a report sent to clients and investors today, Piper Jaffray raised shares of Gap (NYSE:GPS) to a Neutral rating from Underweight rating.

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 10.33% above today’s ($25.55) stock price. The Gap Inc. has been the topic of 110 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Mizuho maintained Gap Inc (NYSE:GPS) rating on Friday, November 18. Mizuho has “Neutral” rating and $28 price target. The firm has “Market Perform” rating by FBR Capital given on Tuesday, September 1. The stock has “Hold” rating given by Deutsche Bank on Friday, October 7. The rating was maintained by UBS with “Sell” on Friday, May 20. Deutsche Bank maintained the shares of GPS in a report on Friday, August 19 with “Sell” rating. The firm has “Buy” rating by Topeka Capital Markets given on Friday, October 9. On Friday, October 9 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. UBS downgraded Gap Inc (NYSE:GPS) rating on Wednesday, September 30. UBS has “Sell” rating and $25 price target. The firm has “Neutral” rating given on Friday, May 20 by Wedbush. The stock has “Market Perform” rating given by Telsey Advisory Group on Wednesday, September 30.

About 2.69 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 $171.25 million for 14.51 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 fall, 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.

New Mexico Educational Retirement Board owns 25,779 shares or 0.02% of their US portfolio. Farmers Merchants Invests holds 446 shares or 0% of its portfolio. Ngam Advsrs L P has 0.02% invested in the company for 68,715 shares. Oregon Employees Retirement Fund holds 0.05% of its portfolio in Gap Inc (NYSE:GPS) for 100,273 shares. Ibm Retirement Fund owns 22,472 shares or 0.02% of their US portfolio. The California-based Tarbox Gp has invested 0% in Gap Inc (NYSE:GPS). Hancock Co, a Mississippi-based fund reported 90,444 shares. Moreover, Tower Limited Liability Corp (Trc) has 0.03% invested in Gap Inc (NYSE:GPS) for 14,231 shares. Mutual Of America Cap Mngmt holds 0.01% of its portfolio in Gap Inc (NYSE:GPS) for 26,086 shares. Los Angeles Mngmt & Equity Rech owns 500,985 shares or 0.09% of their US portfolio. Financial Architects, a New Jersey-based fund reported 1,403 shares. Geode Cap Mgmt Limited Liability has 2.27M shares for 0.03% of their US portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.03% of its portfolio in Gap Inc (NYSE:GPS) for 16,000 shares. Credit Suisse Ag owns 755,748 shares or 0.02% of their US portfolio. Livforsakringsbolaget Skandia Omsesidigt has 40,643 shares for 0.04% of their US portfolio.

Insider Transactions: Since November 21, 2016, the stock had 0 buys, and 2 sales for $458,538 net activity. Another trade for 11,406 shares valued at $289,484 was made by Kirwan Jeff on Monday, November 21. 6,764 shares were sold by Chapman Paul Joseph, worth $169,054.

The Gap, Inc. is an apparel retail company. The company has a market cap of $9.94 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 15.28 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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