Standpoint Research Upgrades Gap Inc to Buy

Brokerage firm Standpoint Research Upgrades its rating on Gap Inc(NYSE:GPS). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Standpoint Research was issued on Jun 7, 2016.

In a different note, 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. On May 20, 2016, Jefferies said it Maintains its rating on Gap Inc. In the research note, the firm Lowers the price-target to $28.00 per share. The shares have been rated ‘Buy’ by the firm. On May 20, 2016, Citigroup said it Maintains its rating on Gap Inc. In the research note, the firm Lowers the price-target to $21.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 20, 2016, Stifel Nicolaus said it Downgrades its rating on Gap Inc. The shares have been rated ‘Hold’ by the firm. On May 20, 2016, UBS said it Maintains its rating on Gap Inc. In the research note, the firm Lowers the price-target to $18.00 per share. The shares have been rated ‘Sell’ by the firm. On May 10, 2016, Topeka Capital said it Downgrades its rating on Gap Inc. The shares have been rated ‘Hold’ by the firm.

Gap Inc (GPS) shares turned negative on Fridays trading session with the shares closing down -0.39 points or -2.02% at a volume of 44,16,058. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.04. The peak price level was also seen at $19.04 while the days lowest was $18.56. Finally the shares closed at $18.92. The 52-week high of the shares is $39.59 while the 52-week low is $17. According to the latest information available, the market cap of the company is $7,529 M.

Gap Inc has also declared a cash dividend of $0.2300 on May 18, 2016. The shares will quote ex-dividend on Jul 1, 2016 and the record date has been fixed on Jul 6, 2016. The dividend payable date has been fixed on Jul 27, 2016.

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.

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