Economy

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

More notable recent Gap Inc (NYSE:GPS) news were published by: Chicagotribune.com which released: "Gap Inc. plans to close 200 Gap and Banana Republic stores, open 270 Old Navy ..." on September 06, 2017, also Forbes.com with their article: "Shoppers Seem To Have Fallen Out Of Love With The Gap, And The Gap Appears To ..." published on September 07, 2017, Zacks.com published: "Gap, Inc". (The) during the third quarter worth $161,000.

Hedge funds have recently made changes to their positions in the company. Finally, Prudential Financial Inc. raised its position in Gap, Inc. Ffcm has an ownership of 5,296 stocks of the apparel retailer's shares valued $121,000 after scooping up an extra 3,519 shares through out the quarter.

In other Gap, Inc. (The) by 4,968.6% in the 1st quarter. BlackRock Inc. now owns 22,738,113 shares of the apparel retailer's stock worth $552,308,000 after buying an additional 22,289,507 shares during the last quarter. (The) by 1.5% during the 1st quarter. Point72 Asset Management, L.p. owns 350,000 shares with a value of $7,697,000. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Gap, Inc. (The) by 0.6% in the 1st quarter. Penserra Capital Management grew its stake in stocks of Gap, (The) by 9.5% through out the 1st period. (The) by 17.7% in the 1st quarter. Advantus Capital Management Inc now owns 21,962 shares of the apparel retailer's stock worth $533,000 after purchasing an additional 89 shares during the period.

A number of equities analysts recently weighed in on Global Positioning System shares.

Shares of Gap, Inc. As per Monday, May 1, the company rating was maintained by Wolfe Research. Cantab Capital Partners Llp added to its holdings by buying 18,849 shares an increase of 32.6% in the quarter. Jefferies Group LLC set a $35.00 price objective on shares of Gap, Inc. JP Morgan downgraded the stock to "Neutral" rating in Monday, August 10 report. Credit Agricole S A reported 0.17% in Gap Inc (NYSE:GPS). 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 stock. (The) to $36.00 in a research note on Friday, November 18th. Gap, (The) has a consensus rating of "Hold" and an average price target of $25.74. If you are reading this piece on another domain, it was illegally copied and republished in violation of global trademark and copyright legislation. If you are viewing this piece of content on another website, it was stolen and republished in violation of worldwide trademark & copyright legislation. The legal version of this piece can be viewed at https://www.truebluetribune.com/2017/09/09/gap-inc-the-gps-rating-lowered-to-hold-at-valuengine.html.

In other news, EVP Paul Joseph Chapman sold 4,898 shares of the business's stock in a transaction on Tuesday, August 22nd.

Stock exchanges work according to the invisible hand of supply and demand, which determines the price where stocks are bought and sold. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sonia Syngal sold 1,935 shares of the business's stock in a transaction on Thursday, September 7th. The shares were purchased at an average price of $23.84. The disclosure for this sale can be found here. The stock's short float is around of 12.75% and short ratio is 5.15.

Institutional owners hold 59.00% stake while Insiders ownership held at 5.60% in the company.

Over the past 50 days, The Gap, Inc. stock's -1.15% off of the high and 22.26% removed from the low. On June 5 the stock rating was upgraded to "Outperform" from "Perform" in a statement from Oppenheimer. The company has a market cap of $9.16 billion, a PE ratio of 13.67 and a beta of 0.99. The company's 50-day moving average price is $23.68 and its 200-day moving average price is $23.73. The apparel retailer reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.60. The business had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $3.77 billion. During the same period previous year, the business posted $0.60 EPS. On average, equities research analysts forecast that Gap, Inc. will post $2.06 EPS for the current year. The company also declared a dividend payable on Wednesday October 25th, 2017. Shareholders of record on Wednesday, October 4th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.58%.

Fort Washington Invest Advisors Incorporated Oh has invested 0.02% in Gap Inc (NYSE:GPS).

The Gap, Inc (Gap Inc) is an apparel retail company.



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