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.



Like this

Latest


10 September 2017
Antarctica's Volcano Caves Might Have Hidden Animals To Discover
There are over 15 known active volcanoes in Antarctica , and each one is likely to have its own network of ice caves. West Antarctica's ice might be hiding the biggest volcanic region in the world.

10 September 2017
Best Buy has stopped selling security software from Russian firm
The company has said that it considers itself a victim of geopolitical strife between the United States and Russian Federation . Its products, which are sold for between $40 and $100, are one of three internet security software brands the retailer carries.

10 September 2017
Volunteer PG&E Workers Head to Hurricane Irma's Destructive Path
In addition to hurricane rates at local hotels, Bristol Motor Speedway has also opened it's campground free to hurricane evacuees.

10 September 2017
New Hanover alum, Brown, scores long TD in ECU loss
The final score was nearly identical to the result the last time the Pirates played the Mountaineers in their home opener. Quarterback Thomas Sirk led his team on a 70-yard, 15-play drive that culminated in a 23-yard field goal by Jake Verity.

10 September 2017
Kyle Busch wins Stage 1 at Richmond Raceway
For drivers like Dale Earnhardt Jr . and Joey Logano , they needed to win the Federated Auto Parts 400 to make the playoffs. Joey Logano and Clint Bowyer , both needing a victory to advance, also suffered damage in the ambulance incident.

10 September 2017
Swati Mahadik, A Martyr's Wife, Joins The Indian Army As Lieutenant
It was not easy for her (Lieutenant Swati) as she had to match her fitness and other skills with cadets much younger to her. She was four months pregnant at that time and her in-laws suddenly abandoned her and asked her to leave.

10 September 2017
Questions over helicopter pilot's hovering in crash that killed Troy Gentry
Montgomery Gentry formed in 1999 and produced a number of country music hits, including "My Town", and "Hell Yeah". Personally, there are no words to express the sadness I feel for Troy's family and for Eddie Montgomery .

10 September 2017
Man in custody after 4 found dead in Groton
Three of the bodies were reportedly found inside the home, while a fourth was found in an undisclosed location outside the home. Groton, a town of stately farmhouses and spacious homes in new subdivisions, is about 40 miles northwest of Boston.

10 September 2017
Ribery sees Kroos quality in Bayern team-mate Rudy
I can play two, three more years. "I have to stay consistent for years and I have to continue the same way", Rudy said this week. Bayern coach Carlo Ancelotti had rotated his squad, with one eye on next week's Champions League opener against Anderlecht.

10 September 2017
Bears sign DE Akiem Hicks to huge extension
Defensive end Akiem Hicks agreed to a four-year contract extension Saturday, one that will pay him $30 million in guarantees. Hicks was entering the second year of a two-year, $10 million contract that he signed with the Bears before last season.



Recommended