Gap (NYSE:GPS) Buy Rating Reconfirmed Today By Jefferies; The TP Given is $39.0

September 17, 2017 - By Richard Conner

 Gap (NYSE:GPS) Buy Rating Reconfirmed Today By Jefferies; The TP Given is $39.0

Investors sentiment decreased to 0.9 in 2016 Q4. Its down 0.01, from 0.91 in 2016Q3. It turned negative, as 46 investors sold Gap Inc shares while 142 reduced holdings. 57 funds opened positions while 112 raised stakes. 212.42 million shares or 2.65% less from 218.21 million shares in 2016Q3 were reported.

Hanseatic Management Svcs Inc stated it has 736 shares. Credit Agricole S A reported 0.17% of its portfolio in Gap Inc (NYSE:GPS). Korea Investment owns 525,000 shares. Highbridge Mngmt Lc owns 368,668 shares or 0.15% of their US portfolio. Teachers Retirement Of The State Of Kentucky accumulated 27,750 shares. Carroll Financial Associate Inc stated it has 0% in Gap Inc (NYSE:GPS). First Manhattan has invested 0% in Gap Inc (NYSE:GPS). Integral Derivatives reported 11,400 shares. Aberdeen Asset Public Uk has 0% invested in Gap Inc (NYSE:GPS). 97,000 were reported by Canada Pension Plan Invest Board. Proshare Advsrs Ltd Liability Corporation holds 0.01% or 47,228 shares in its portfolio. Rbs Partners Lp reported 0.98% of its portfolio in Gap Inc (NYSE:GPS). Bessemer Gp holds 0.32% or 3.12M shares in its portfolio. First Quadrant L P Ca invested 0% of its portfolio in Gap Inc (NYSE:GPS). Stifel has invested 0% of its portfolio in Gap Inc (NYSE:GPS).

Since March 30, 2017, it had 0 buys, and 3 insider sales for $12.43 million activity. Another trade for 500,000 shares valued at $12.29 million was made by FISHER ROBERT J on Thursday, March 30. On Thursday, June 1 the insider Kirwan Jeff sold $22,540.

Gap (NYSE:GPS) Rating Reaffirmed

They currently have a $39.0 target on Gap (NYSE:GPS). The target price by Jefferies would suggest a potential upside of 39.34 % from the company’s previous close. This has been shown in a report on Tuesday morning.

Investors sentiment decreased to 0.9 in 2016 Q4. Its down 0.01, from 0.91 in 2016Q3. It turned negative, as 46 investors sold Gap Inc shares while 142 reduced holdings. 57 funds opened positions while 112 raised stakes. 212.42 million shares or 2.65% less from 218.21 million shares in 2016Q3 were reported.

Hanseatic Management Svcs Inc stated it has 736 shares. Credit Agricole S A reported 0.17% of its portfolio in Gap Inc (NYSE:GPS). Korea Investment owns 525,000 shares. Highbridge Mngmt Lc owns 368,668 shares or 0.15% of their US portfolio. Teachers Retirement Of The State Of Kentucky accumulated 27,750 shares. Carroll Financial Associate Inc stated it has 0% in Gap Inc (NYSE:GPS). First Manhattan has invested 0% in Gap Inc (NYSE:GPS). Integral Derivatives reported 11,400 shares. Aberdeen Asset Public Uk has 0% invested in Gap Inc (NYSE:GPS). 97,000 were reported by Canada Pension Plan Invest Board. Proshare Advsrs Ltd Liability Corporation holds 0.01% or 47,228 shares in its portfolio. Rbs Partners Lp reported 0.98% of its portfolio in Gap Inc (NYSE:GPS). Bessemer Gp holds 0.32% or 3.12M shares in its portfolio. First Quadrant L P Ca invested 0% of its portfolio in Gap Inc (NYSE:GPS). Stifel has invested 0% of its portfolio in Gap Inc (NYSE:GPS).

Since March 30, 2017, it had 0 buys, and 3 insider sales for $12.43 million activity. Another trade for 500,000 shares valued at $12.29 million was made by FISHER ROBERT J on Thursday, March 30. On Thursday, June 1 the insider Kirwan Jeff sold $22,540.

Gap Inc (NYSE:GPS) Ratings Coverage

Among 33 analysts covering The Gap Inc. (NYSE:GPS), 5 have Buy rating, 5 Sell and 23 Hold. Therefore 15% are positive. The Gap Inc. has $48 highest and $16 lowest target. $28.53’s average target is 1.93% above currents $27.99 stock price. The Gap Inc. had 134 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Perform” rating on Friday, October 30 by Oppenheimer. The firm has “Buy” rating given on Friday, August 19 by Jefferies. As per Friday, December 2, the company rating was maintained by Mizuho. The firm has “Hold” rating given on Friday, August 28 by FBR Capital. The firm has “Hold” rating by RBC Capital Markets given on Monday, August 7. The firm has “Sector Perform” rating given on Friday, October 9 by RBC Capital Markets. RBC Capital Markets maintained Gap Inc (NYSE:GPS) rating on Tuesday, May 10. RBC Capital Markets has “Sector Perform” rating and $20 target. The rating was upgraded by KeyBanc Capital Markets on Monday, April 4 to “Overweight”. Wedbush maintained the shares of GPS in report on Tuesday, May 10 with “Neutral” rating. As per Friday, May 20, the company rating was maintained by UBS.

The stock increased 0.63% or $0.17 on September 15, reaching $27.99. About 5.07 million shares traded. Gap Inc (NYSE:GPS) has risen 28.94% since September 17, 2016 and is uptrending. It has outperformed by 12.24% the S&P500.

Investors wait Gap Inc (NYSE:GPS) to report on November, 16. its quarterly earnings Wall Street analysts expect $0.56 earnings per share, down $0.04 or 6.67 % from last year’s $0.6 same quarter earnings. This translates into $219.68M profit for GPS giving the stock a 12.50 P/E. This is assuming the current $0.56 EPS is accurate. Gap Inc’s Wall Street analysts see -3.45 % negative EPS growth, taking into account the $0.58 EPS reproted in the previous quarter,

The Gap, Inc. is an apparel retail company. The company has market cap of $10.98 billion. 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. It has a 13.3 P/E ratio. The Company’s products are available to clients online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

More notable recent Gap Inc (NYSE:GPS) news were published by: Forbes.com which released: “Shoppers Seem To Have Fallen Out Of Love With The Gap, And The Gap Appears To …” on September 07, 2017, also Seekingalpha.com with their article: “Has Gap Finally Reached A Bottom?” published on September 13, 2017, Nasdaq.com published: “Gap, Inc. (GPS) Jumps: Stock Rises 7.5%” on September 07, 2017. More interesting news about Gap Inc (NYSE:GPS) were released by: Businessinsider.com and their article: “We went to Gap’s Lululemon killer and saw why it could save the brand” published on September 08, 2017 as well as Forbes.com‘s news article titled: “As Gap Inc. Refocuses Its Business, There Is A Retail Industry Ripple Effect” with publication date: September 11, 2017.

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