November 28, 2016 - By Vivian Park · 0 Comments
Gap Inc (NYSE:GPS) institutional sentiment decreased to 0.91 in 2016 Q2. Its down -0.20, from 1.11 in 2016Q1. The ratio fall, as 196 funds opened new or increased equity positions, while 176 cut down and sold stakes in Gap Inc. The funds in our partner’s database now possess: 219.06 million shares, down from 229.88 million shares in 2016Q1. Also, the number of funds holding Gap Inc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 67 Reduced: 109 Increased: 140 New Position: 56.
The Gap, Inc. is an apparel retail company. The company has a market cap of $9.95 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 15.3 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.
The stock closed at $25.57 during the last session. It is down 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 $171.22M for 14.53 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.
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.”
Hall Kathryn A. holds 94.68% of its portfolio in Gap Inc for 3.39 million shares. Rbs Partners L.P. owns 3.43 million shares or 7.15% of their US portfolio. Moreover, Jasper Ridge Partners L.P. has 2.76% invested in the company for 1.86 million shares. The New York-based Euclidean Technologies Management Llc has invested 1.94% in the stock. Denali Advisors Llc, a California-based fund reported 415,500 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 2 sales for $458,538 net activity.
Ratings analysis reveals 13% of The Gap Inc.’s analysts are positive. Out of 31 Wall Street analysts rating The Gap Inc., 4 give it “Buy”, 8 “Sell” rating, while 19 recommend “Hold”. The lowest target is $16 while the high is $48. The stock’s average target of $28.19 is 10.25% above today’s ($25.57) share price. GPS was included in 110 notes of analysts from August 5, 2015. Deutsche Bank upgraded the stock to “Hold” rating in Friday, October 7 report. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, November 20 report. The stock of Gap Inc (NYSE:GPS) has “Buy” rating given on Tuesday, August 11 by Stifel Nicolaus. The stock of Gap Inc (NYSE:GPS) earned “Neutral” rating by Wedbush on Tuesday, May 10. The firm has “Underperform” rating by Wolfe Research given on Tuesday, August 18. JP Morgan downgraded the stock to “Neutral” rating in Monday, August 10 report. Piper Jaffray maintained Gap Inc (NYSE:GPS) rating on Tuesday, August 11. Piper Jaffray has “Neutral” rating and $33 price target. Topeka Capital Markets maintained Gap Inc (NYSE:GPS) rating on Friday, October 9. Topeka Capital Markets has “Buy” rating and $40 price target. RBC Capital Markets maintained Gap Inc (NYSE:GPS) on Friday, October 9 with “Sector Perform” rating. On Tuesday, August 9 the stock rating was upgraded by Mizuho to “Neutral”.
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, Streetinsider.com published: “Gap, Inc. (GPS) Was a Positive Black Friday Surprise – Jefferies” on November 28, 2016. More interesting news about Gap Inc (NYSE:GPS) were released by: Fortune.com and their article: “Gap Shares Are Way up Despite Decline in Sales” published on November 07, 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.
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By Vivian Park