Tiaa Cref Investment Management LLC Modifies Its Stake in Gap Inc (GPS)
Tiaa Cref Investment Management LLC Modifies Its Stake in Gap Inc (GPS)
Stock to Keep Your Eyes on: The Gap, Inc. (GPS)
18 November, 2017, 03:40
"Today, we are happy to report our fourth consecutive quarter of positive comps, reflecting the continued momentum in key parts of our business", said Art Peck, president and chief executive officer, Gap Inc.
On October 1, 2017 Robert W. Baird updated its forecast on Global Positioning System stating a rating of "Hold" and establishing a price target of $26.00. It operates Gap, Banana Republic and Old Navy stores throughout Asia, Australia, Europe, Latin America, the Middle East and Africa. This mainly stems from increased product, marketing and digital investments for the significant back-to-school selling season. "Estimates have been going down lately".
Several other equities research analysts also recently issued reports on the company. State of Alaska Department of Revenue grew its stake in shares of Gap, Inc. The stock of Gap Inc (NYSE:GPS) earned "Neutral" rating by Credit Suisse on Tuesday, September 19. The company was maintained on Friday, August 19 by Wedbush. Cantor Fitzgerald maintained Gap Inc (NYSE:GPS) rating on Friday, September 4. On September 26 KeyCorp made no change to the stock rating of "Buy" targeting a price of $33.00. Stifel Nicolaus downgraded the stock to "Hold" rating in Friday, May 20 report. Federated Investors Inc Pa accumulated 281,441 shares.
Yesterday Gap (NYSE:GPS) traded 1.32% higher at $25.99. 18,235,388 shares of the stock traded hands, compared to its average volume of 5,984,135. The stock of Gap Inc (NYSE:GPS) has "Mkt Perform" rating given on Friday, November 20 by FBR Capital. The company has a quick ratio of 0.92, a current ratio of 1.77 and a debt-to-equity ratio of 0.42. Finally, Jefferies Group LLC set a $35.00 target price on shares of Gap, Inc. The stock of Gap Inc (NYSE:GPS) earned "Hold" rating by BMO Capital Markets on Wednesday, July 5. Adjusted to exclude the second quarter benefit from insurance proceeds related to the Fishkill fire of about 0.10 dollar, the company now expects adjusted diluted earnings per share to be in the range of 2.08 dollars to 2.12 dollars. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%.
The company noted that foreign currency fluctuations negatively impacted earnings per share for the third quarter by an estimated 0.02 dollars or about 3 percentage points of earnings per share growth compared with the adjusted earnings per share for the third quarter of fiscal year 2016. During the same quarter in the previous year, the business earned $0.60 earnings per share.
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The Gap, Inc. (NYSE:GPS) reported its EPS in the last quarter as $0.58/Share beating the analyst estimate of $0.54/Share by a difference of $0.04.
COPYRIGHT VIOLATION WARNING: "Gap, Inc. (The) (GPS) Cut to "Sell" at Zacks Investment Research" was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of USA & worldwide copyright and trademark legislation. The legal version of this news story can be accessed at https://www.truebluetribune.com/2017/11/17/gap-inc-the-gps-pt-raised-to-28-00-at-royal-bank-of-canada-2.html. Its down 59.21% from 15,200 shares previously. The ex-dividend date is Monday, April 3rd. This represents a $0.92 annualized dividend and a dividend yield of 3.13%. Gap, Inc. (The)'s dividend payout ratio (DPR) is now 55.09%. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Gap, Inc.
In other news, insider Andi Owen sold 38,278 shares of the stock in a transaction that occurred on Thursday, February 9th. $28.47's average target is -4.37% below currents $29.77 stock price. Guinness Asset Management Ltd owns 259,323 shares or 1.03% of their United States portfolio. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The shares were sold at an average price of $22.82, for a total value of $111,772.36. The disclosure for this sale can be found here. The rating was maintained by UBS on Friday, August 18 with "Sell".
Several large investors have recently made changes to their positions in GPS. Lucus Advsrs Ltd owns 16,244 shares. Skandinaviska Enskilda Banken AB publ raised its position in shares of Gap, Inc. (The) by 17.3% in the first quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer's stock worth $121,000 after purchasing an additional 3,519 shares during the period. Skandinaviska Enskilda Banken AB publ now owns 3,798,070 shares of the apparel retailer's stock worth $84,469,000 after buying an additional 3,774,700 shares during the period. Insiders have sold a total of 676,682 shares of company stock valued at $18,906,180 in the last 90 days. (The) by 0.4% in the 2nd quarter. Duff & Phelps Investment Management Co acquired 40,000 shares as Enable Midstream P (ENBL)'s stock declined 2.99%.
The Gap, Inc (Gap Inc) is an apparel retail company.
The Price to Sales (P/S) ratio of the stock is 0.07, while P/B (Price to Book) stands at 0.8. (NYSE:JCP) is -0.136916. The disclosure for this purchase can be found here. (JCP) now trades with a market capitalization of $982.13 Million.
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