Stock Rating Runner: Is Gap (NYSE:GPS) Worth Your Time After Piper Jaffray’s Upgrade?

November 28, 2016 - By Louis Casey

Stock Rating Runner:  Is Gap (NYSE:GPS) Worth Your Time After Piper Jaffray's Upgrade?

Gap (NYSE:GPS) Upgrade

In a analysts note revealed to investors on 28 November, Piper Jaffray stated it was upgrading Gap (NYSE:GPS) stock from a “Underweight” to a “Neutral”.

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 10.90% above today’s ($25.42) stock price. The Gap Inc. has been the topic of 110 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating by Wolfe Research given on Friday, October 9. Citigroup maintained the shares of GPS in a report on Monday, August 22 with “Neutral” rating. As per Wednesday, August 12, the company rating was maintained by Cowen & Co. The stock has “Neutral” rating given by M Partners on Monday, March 14. The firm has “Hold” rating by Deutsche Bank given on Friday, October 7. Telsey Advisory Group maintained the stock with “Market Perform” rating in Friday, May 20 report. The firm earned “Neutral” rating on Tuesday, November 8 by Mizuho. FBR Capital maintained the stock with “Market Perform” rating in Tuesday, September 1 report. The stock of Gap Inc (NYSE:GPS) earned “Mkt Perform” rating by FBR Capital on Friday, February 26. The rating was maintained by Stifel Nicolaus with “Buy” on Saturday, September 5.

About 1.92M 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 $171.19M for 14.44 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 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.

Cambridge Invest Rech Advsrs Incorporated accumulated 33,602 shares or 0.02% of the stock. Teacher Retirement System Of Texas has 0.01% invested in the company for 67,138 shares. Freestone Ltd Liability holds 0.23% of its portfolio in Gap Inc (NYSE:GPS) for 111,624 shares. The Netherlands-based Ing Groep Nv has invested 0.05% in Gap Inc (NYSE:GPS). The Texas-based Barrow Hanley Mewhinney Strauss Limited Liability has invested 0.11% in Gap Inc (NYSE:GPS). Alliancebernstein Lp accumulated 0.01% or 487,126 shares. Los Angeles Cap Equity Research holds 0.09% or 500,985 shares in its portfolio. Gideon Capital Advisors Inc accumulated 0.21% or 17,154 shares. Levin Cap Strategies Lp has invested 0.97% of its portfolio in Gap Inc (NYSE:GPS). Transamerica Advisors Inc last reported 0% of its portfolio in the stock. Mitsubishi Ufj Trust And last reported 508,264 shares in the company. Comerica Retail Bank has 0.02% invested in the company for 78,197 shares. Macquarie Group Ltd holds 0% of its portfolio in Gap Inc (NYSE:GPS) for 7,600 shares. Employees Retirement Systems Of Texas accumulated 0.01% or 28,000 shares. Deutsche National Bank & Trust Ag, a Germany-based fund reported 4.37 million shares.

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

The Gap, Inc. is an apparel retail company. The company has a market cap of $9.89 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 15.21 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 Streetinsider.com‘s news article titled: “Gap, Inc. (GPS) Was a Positive Black Friday Surprise – Jefferies” with publication date: November 28, 2016.

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