Brokerage firm Citigroup Maintains its rating on Gap Inc(NYSE:GPS). In a research note issued to the investors, the brokerage major Raises the price-target to $27.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Aug 19, 2016.
In a different note, On Aug 9, 2016, Mizuho Securities said it Upgrades its rating on Gap Inc. The shares have been rated ‘Neutral’ by the firm. On Aug 9, 2016, Citigroup said it Maintains its rating on Gap Inc. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 9, 2016, Deutsche Bank said it Maintains its rating on Gap Inc. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Sell’ by the firm. On Jul 25, 2016, Wolfe Research said it Upgrades its rating on Gap Inc. The shares have been rated ‘Outperform’ by the firm. On Jul 25, 2016, Standpoint Research said it Downgrades its rating on Gap Inc. The shares have been rated ‘Hold’ by the firm. On Jun 17, 2016, Wolfe Research said it Upgrades its rating on Gap Inc. The shares have been rated ‘Outperform’ by the firm.
Gap Inc (GPS) remained unchanged at the close of Monday session. Even as the volume increased to 36,84,148 ,the shares failed to make any impression and ended at 0 points or 0.00% at $26.48. The trading session commenced at $26.43 and the stock hit a high of $26.65 and touched $26.3 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $33.3 and the 52-week low is $17. The company has a market cap of $10,538 M and has approximately 39,79,64,340 outstanding shares.
Gap Inc has also declared a cash dividend of $0.2300 on Aug 11, 2016. The shares will quote ex-dividend on Oct 3, 2016 and the record date has been fixed on Oct 5, 2016. The dividend payable date has been fixed on Oct 26, 2016.
Gap Inc(GPS) last announced its earnings results on Aug 18, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.85B. Analysts had an estimated revenue of $3.78B. Earnings per share were $0.60. Analysts had estimated an EPS of $0.48.
Several Insider Transactions has been reported to the SEC. On Mar 21, 2016, Andi Owen (Global Pres., Banana Republic) sold 11,381 shares at $30.19 per share price.Also, On Mar 21, 2016, Sabrina Simmons (EVP & CFO) sold 12,416 shares at $30.25 per share price.On Mar 7, 2016, Solomon Goldfarb (EVP, Digital & Customer Exp.) sold 1,123 shares at $29.54 per share price, according to the Form-4 filing with the securities and exchange commission.
The Gap Inc. is an apparel retail company. The Company offers apparel accessories and personal care products for men women and children under the Gap Banana Republic Old Navy Piperlime Athleta and Intermix brands. In addition to operating in the specialty outlet online and franchise channels Gap Inc. is an apparel retailer in using omni-channel capabilities for digital world and physical stores. Its omni-channel services include order-in-store reserve-in-store find-in-store and ship-from-store that are tailored across its portfolio of brands. Gap includes GapKids babyGap GapMaternity GapBody and GapFit collections. It also offers handbags shoes jewelry eyewear and personal care products among others. It has Company-operated stores in the United States Canada the United Kingdom France Ireland Japan Italy China and Hong Kong. It operates Gap Banana Republic and Old Navy stores throughout Asia Australia Europe Latin America the Middle East and Africa.