May 29, 2017

Gap profit jumps 12.6 pct

19 May 2017, 09:09 | Melvin Schneider

The sign for a Gap store is seen on 5th avenue in midtown Manhattan in New York

The sign for a Gap store is seen on 5th avenue in midtown Manhattan in New York

They now have a $30.00 price target on the apparel retailer's stock. Royal Bank of Canada reaffirmed a "hold" rating and set a $26.00 target price on shares of Gap in a report on Tuesday, April 18th.

Receive Gap, Inc. (The) News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gap, Inc. The market capitalization of the company is at $9.68 Billion.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.94 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell.

The target price for The Gap, Inc.

While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Gap also was the recipient of some unusual options trading on Thursday.

Gap (NYSE:GPS) last posted its earnings results on Thursday, February 23rd.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for The Gap, Inc. the EPS stands at 0.51 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.51, suggesting the stock fell short of the analysts' expectations.

24 number of analysts have estimated the sales of the company for the quarter ending Aug 17, 2017, analysts estimated mean sale target of 3780.53 million while high and low sale targets are estimated at 4031 million and 3673 million respectively. Gap had a net margin of 4.33% and a return on equity of 32.19%. The firm's quarterly revenue was up.1% compared to the same quarter past year.

Foot Locker, Inc. (FL) SVP Sells 8000 Shares of Stock
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FL. Peters sold 25,000 shares of the company's stock in a transaction on Wednesday, March 8th.

5 people hospitalized after eating gas station nacho cheese
The Kelly family has turned to a Seattle firm specializing in food safety issues to pursue legal action against the gas station. The source of the food product may be unrelated to the gas station; it could be a commercially made, pre-packaged item.

Lawmakers urge Trump to avoid picking a partisan for Federal Bureau of Investigation job
President Trump threatened former FBI Director James Comey around the possibility that their private conversations were recorded. Congressman Raja Krishnamoorthi, D-Ill., quickly spoke out against President Donald Trump's firing of FBI Director James Comey .

On 2/23/2017 announced a quarterly dividend of $0.23 3.72% with an ex dividend date of 4/3/2017 which will be payable on 4/5/2017. Out of 33 Wall Street analysts rating The Gap Inc., 4 give it "Buy", 6 "Sell" rating, while 23 recommend "Hold".

Several other large investors also recently made changes to their positions in the stock.

Dividends is a reward scheme, that a company presents to its shareholders. Gap now has an average rating of Hold and an average target price of $25.74.

ILLEGAL ACTIVITY WARNING: This article was reported by BBNS and is the property of of BBNS. If you are viewing this report on another website, it was illegally stolen and republished in violation of USA and worldwide copyright and trademark laws. The legal version of this piece can be viewed at Shares for $289,484 were sold by Kirwan Jeff on Monday, November 21.

The stock subtracted in the prior trading session by -4.23%, closing at the stock price of $23.55. Following the completion of the sale, the chief executive officer now directly owns 29,548 shares of the company's stock, valued at $735,154.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The stock has "Hold" rating by FBR Capital on Tuesday, August 25. $12.29M worth of stock was sold by FISHER ROBERT J on Thursday, March 30. Following the transaction, the director now owns 8,867,728 shares of the company's stock, valued at approximately $217,968,754.24. The disclosure for this sale can be found here. The fund owned 42,329 shares of the apparel retailer's stock after selling 4,830 shares during the period. Finally, TheStreet raised shares of Gap from a "c" rating to a "b-" rating in a report on Thursday, April 20th. Likewise, the downbeat performance for the last quarter was -2.52% and for the full year it was 41.58%. The Beta factor for the stock is listed at 1.77.

Hedge funds have recently modified their holdings of the stock.

The Gap, Inc (Gap Inc) 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.

Other News

Trending Now

Trump asked Comey when he would dispel investigation rumors
Rosenstein had been put in charge of the probe as soon as he was confirmed because Attorney General Jeff Sessions recused himself. On Fox News, Sean Hannity warned Wednesday of a "destroy Trump alliance" that is now "aligning to take down President Trump".

Ex-Jets QB Ryan Fitzpatrick signs free-agent deal with Bucs
Fitzpatrick's 2016 season was a nightmare compared to the 2015 campaign that saw him throw for 3,905 yards and 31 touchdowns. Louis Rams (2005-06), the Cincinnati Bengals (2008), the Buffalo Bills (2009-12) and the Tennessee Titans (2013).

Shadow Brokers teases more Windows exploits and cyberespionage data
The NSA has not commented on Shadow Brokers since the group emerged a year ago , or the contents of past leaks. It adds, "Each month peoples can be paying membership fee, then getting members only data dump each month".

Dayton vetoes bill for teacher licensing overhaul
Its passage allows the state to get an extension to continue using standard driver's licenses to board planes until October 2020. But even before the debate over immigrant identification, Minnesota lawmakers had a problem with the Real ID Act.