Gap Meets Q4 Earnings Estimates, Total Comps Up 2%

The company reported the earnings of $0.6/Share in the last quarter where the estimated EPS by analysts was $0.6/share.

Hedge funds have recently modified their holdings of the stock. The Average Volume for the stock is measured as 5.99 Million. Over the same time span, the stock marked US$30.42 as its best level and the lowest price reached was US$18.91. This represents a $0.92 annualized dividend and a yield of 4.10%. The Stock Closing Price on the 7th day of earnings was $17.5. (The) to $36.00 in a report on Friday, November 18th. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 1.35% where SMA50 and SMA200 are 0.99% and 3.04% respectively. Homrich & Berg now owns 12,546 shares of the apparel retailer's stock worth $266,000 after buying an additional 2,936 shares during the last quarter. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 16 analysts of Thomson Reuters, 7 analysts given HOLD rating to the stock. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. Citigroup Inc. cut shares of Gap, Inc.

The latest Insider trade was made on 8 Feb 2017 where Owen (Andi) Officer did a transaction type "Sell" in which 23278 shares were traded at a price of $23.95. Wedbush upped their price objective on shares of Gap, Inc. This Retail-Wholesale Sector stock now has the Market Capitalization of 9.75 Billion. Fiscal year 2016 net sales were $15.5 billion.

Several equities research analysts have recently issued reports on the stock. (The) and gave the company a "hold" rating in a research report on Saturday, November 19th. The Stock has a 52-Week High of $30.74 and 52-Week Low of $17 following the dates, it touched its 52-Week High on Nov 17, 2016 and 52-Week Low on May 19, 2016. (GPS) today announced that its board of directors authorized a first quarter fiscal year 2017 dividend of $0.23 per share, payable on or after April 26, 2017 to shareholders of record at the close of business on April 5, 2017.

Looking ahead, Global Positioning System forecast full-year 2017 EPS of $1.95 to $2.05, which would miss Wall Street's current $2.06 outlook. The company's institutional ownership is monitored at 94.1 percent. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $23.97, for a total value of $917,523.66. Finally, Jefferies Group LLC reaffirmed a "positive" rating on shares of Gap, Inc.

In other news, EVP Paul Joseph Chapman sold 6,764 shares of the stock in a transaction on Monday, November 21st. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands.

  • Zachary Reyes