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Old Navy helps Gap sail through retail gloom

19 May 2017

The rating was upgraded by Buckingham Research to "Neutral" on Thursday, February 18. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The stock has an average rating of Hold and a consensus target price of $25.74. Gap Inc (NYSE:GPS) has risen 6.00% since April 18, 2017 and is uptrending. Similarly, the company's last 5 years high P/E ratio is 14.36 and low P/E is 11.1, whereas, the industry's and sector's high P/E for the past year is 112.72 and 32.09 respectively and low P/E ratio for the last 5 years is 24.37 for the industry and 14.68 for the Sector. On Monday, November 9 the stock rating was maintained by Monness Crespi & Hardt with "Buy". This is an increase of approximately 695% compared to the typical volume of 3,964 put options.

EPS in next five year years is expected to touch 6.71% while EPS growth in past 5 year was 1.60% along with sales growth of 1.30% in the last five years. The apparel retailer reported $0.51 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.51.

24 analysts on average are expecting the company to report revenue of $3.8 Billion for the current quarter. The Return on Equity ratio of The Gap, Inc. Gotham Asset Management LLC now owns 1,137,240 shares of the apparel retailer's stock valued at $27,624,000 after buying an additional 157,900 shares in the last quarter. Similarly, full-year EPS forecasts have ranged between $2.01 and $2.06.

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Heading into the earnings release, covering sell-side analysts have a consensus target price of $24.92 on The Gap, Inc. shares.

In recent trading day The Gap, Inc. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & global copyright and trademark legislation. The legal version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/05/18/gap-gps-given-news-sentiment-rating-of-0-19-updated-updated-updated.html.

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.97%. For The Gap, Inc. For the current quarter the stock has a lowest EPS estimates of $0.21 and high estimate of $0.31, whereas the company reported $0.32 EPS during same quarter a year ago.

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The company's shares were up 4.5 percent at $24.24 in after-market trading on Thursday. Following the completion of the sale, the chief executive officer now directly owns 29,548 shares in the company, valued at approximately $735,154.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeff Kirwan sold 5,000 shares of the business's stock in a transaction on Tuesday, May 16th. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E ratio. The disclosure for this sale can be found here. Corporate insiders own 30.00% of the company's stock. JP Morgan raised its rating on The Gap, Inc.to Neutral on 20/04/2017 in a reversal from its prior Underweight rating. Market Capitalization if basically the market value of the company's shares outstanding.

By historical standards, The Gap, Inc. remains a cheap stock. Finally, Arizona State Retirement System raised its position in Gap by 0.3% in the first quarter. Manning & Napier Advisors LLC boosted its stake in shares of Gap by 9.4% in the first quarter. The stock declined 1.10% or $0.26 reaching $23.29 per share. Institutional investors and hedge funds own 57.87% of the company's stock.

The 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.

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Old Navy helps Gap sail through retail gloom