The Gap, Inc. (NYSE:GPS) registered a 0.66% increase, still its new closing price is 39.80% up from the company’s 1 year high of 30.43.It posted -4.76% losses in previous 5 sessions and is now the subject of 21 analysts who together assign a hold rating on stock. 4 of Wall Street analysts have an underperform rating; the 3 sells versus 2 buy or better ratings. The 31 stock analysts following this company have an average price target at $25.66, with individual PT in the $20.00-$36.00 range. The shares moved at $23.03, implying that brokerage firms see shares losing about -3.18% in twelve months time.
The Gap, Inc. (GPS) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 2.63% rise year to date. A President at The Gap, Inc. (GPS) offloaded shares in a transaction closed on Monday November 21, 2016. Kirwan Jeff sold 11,406 shares in the company at $25.38 each and collected $289,000 in proceeds. Kirwan Jeff now owns 8,763 shares in the company after this transaction. A EVP, CIO in the company, Chapman Paul Joseph, disclosed a transaction on Monday November 21, 2016 that ended up generating $169,000 from the sale of 6,764 shares at $24.99 per share.
The Gap, Inc. (NYSE:GPS) Upcoming Results on Tap
The Gap, Inc. will next provide financial results for the April 2017 quarter. Stock analysts expect it to report per-share earnings of $0.35 in that period. Sales during the quarter are predicted to arrive at $3.42 billion.
Earnings surprise history: Last quarter, the company posted approximately $3.8 billion in revenue and EPS of $0.60. The mean forecast was for $3.74 billion and $0.60 a share, respectively. One quarter earlier, revenue for the stock was at $3.85 billion, with earnings at $0.60/share.
The Gap, Inc. (GPS) Brokerage Update
The Gap, Inc. (GPS) is in Piper Jaffray’s research list so their analyst rating change is noteworthy. These shares were upgraded to Neutral from Underweight by Piper Jaffray, according to news reported on Monday November 28, 2016.Another important research note was issued by Citigroup on Friday November 18, 2016.The firm downgraded GPS to Sell from Neutral. Over the last six months and over the last three months, the shares of The Gap, Inc. (GPS), have changed -8.03% and -14.40%, respectively.