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 $24.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Aug 9, 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 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. On Jun 7, 2016, Standpoint Research said it Upgrades its rating on Gap Inc. The shares have been rated ‘Buy’ by the firm. On Jun 3, 2016, Deutsche Bank said it Maintains its rating on Gap Inc. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Sell’ by the firm.
Gap Inc (GPS) made into the market gainers list on Wednesdays trading session with the shares advancing 1.27% or 0.32 points. Due to strong positive momentum, the stock ended at $25.46, which is also near the day’s high of $25.51. The stock began the session at $24.9 and the volume stood at 51,37,910 shares. The 52-week high of the shares is $34.92 and the 52 week low is $17. The company has a current market capitalization of $10,132 M and it has 39,79,64,340 shares in outstanding.
Gap Inc(GPS) last announced its earnings results on May 19, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $3.44B. Analysts had an estimated revenue of $3.54B. Earnings per share were $0.32. Analysts had estimated an EPS of $0.43.
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.