Gap, Inc. (The) (GPS) Downgraded by ValuEngine

GPS data by YCharts

A number of other brokerages also recently issued reports on Global Positioning System. ValuEngine downgraded Gap, (The) from a "strong-buy" recommendation to a "buy" recommendation in a analysis report on Friday morning, Jun 2nd. Vetr upgraded Gap, Inc. (The) from a "sell" rating to a "hold" rating and set a $24.84 price target for the company in a research note on Monday, May 15th. BMO Capital Markets set a $23.00 price target on Gap, Inc. BTIG Research maintained the stock with "Hold" rating in Thursday, May 25 report. About shares traded. Gap Inc (NYSE:GPS) has risen 28.94% since September 20, 2016 and is uptrending. Zacks Investment Research cut shares of Gap, Inc. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and six have given a buy rating to the company's stock. Jefferies maintained Gap Inc (NYSE:GPS) on Wednesday, August 16 with "Buy" rating. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Gap, (The) by 0.5% through out the Fiscal Q2. (GPS) traded up 0.68% on Wednesday, hitting $27.99.

US stocks are trading higher this afternoon, with the Dow set to extend its winning streak to eight sessions - the longest since early August. Company has a valuation of $10.96 B, a PE book ratio of 13.31 along with a stock beta of 0.82.

The stock last traded at $28.39 well above the 50 day moving average of $24.32 and significantly above the 200 day moving average of $23.84. The Gap Inc. has $48 highest and $16 lowest target.

Credit Suisse has upgraded Gap (NYSE:GPS) from Underperform to Neutral in a report released on 09/19/2017. The apparel retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.06. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. The co's performance for 6 months was isolated positively of 357.69%, 1-year performance stands at 368.50% and year to date showing moved up performance of 536.36%. Next quarter's EPS is expected be $0.57 and the next full year EPS is projected to be $2.12. On average, analysts forecast that Gap, Inc. will post $2.06 EPS for the current year. If you are reading this report on another website, it was copied illegally and reposted in violation of USA & global trademark & copyright laws. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and worldwide copyright & trademark law. The stock has "Hold" rating by Canaccord Genuity on Tuesday, June 6. (The) stock in a transaction that occurred on Tuesday, August 22nd. Sonia Syngal, President & CEO, Old Navy sold $49,904 worth of shares at an average price of $25.79 on Thursday the 7th. The transaction related to this sale was declared in a transaction filed with the securities and exchange commission, which is available at the Security and Exchange Commission website. For shareholders, given the total diluted outstanding shares of 396 million, this means overall earnings per share of 0.68. Following the completion of the sale, the chief executive officer now owns 39,656 shares of the company's stock, valued at $1,022,728.24. The disclosure for this sale can be found here. Kirwan now owns $640,967 of the stock per the Form 4 SEC filing.


Global Positioning System has been the topic of several recent research reports. Pictet Asset Management Ltd. now owns 138,641 shares of the apparel retailer's stock valued at $3,368,000 after buying an additional 10,200 shares during the last quarter. Piedmont Investment Advisors LLC increased its position in Gap, Inc. BlackRock Inc. now owns 23,076,989 shares of the apparel retailer's stock worth $507,464,000 after buying an additional 338,876 shares during the last quarter. American International Group Inc. grew its position in shares of Gap, Inc. (The) by 1.2% in the 1st quarter.

On 9/7/2017 Sonia Syngal, CEO, sold 1,935 with an average share price of $25.79 per share and the total transaction amounting to $49,903.65.

Cubist Systematic Strategies Llc decreased Gap Inc Del (GPS) stake by 91.46% reported in 2016Q4 SEC filing. (The) by 0.6% in the 2nd quarter. Stephens AR has an ownership of 14,596 stocks of the apparel retailer's shares valued $355,000 following acquiring an extra 59 shares through out the quarter. Moreover, Clinton Grp has 0.02% invested in Gap Inc (NYSE:GPS) for 18,952 shares. (The) announced a quarterly dividend of $0.23 3.16% with an ex dividend date of 12/30/2016 which will be payable on 1/25/2017. Franklin Resources Inc. now owns 5,617,494 shares of the apparel retailer's stock worth $123,529,000 after buying an additional 15,504 shares during the last quarter. Shares are now up +20.53% over the past year, outperforming the broad market by 19.85% and underperformed a peer group of similar companies by -234%. Among the names in the spotlight today are telecom stock Sprint Corp (NYSE:S), electronics retailer Best Buy Co Inc (NYSE:BBY), and clothing company Gap Inc (NYSE:GPS).

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