Gap's (GPS) Hold Rating Reiterated at BMO Capital Markets

Ivan Schwartz
May 19, 2017

The translation of foreign currencies into USA dollars negatively impacted the company's net sales for the first quarter of fiscal year 2017 by about $11 million, Gap said. Moreover, Utd Services Automobile Association has 0.01% invested in Gap Inc (NYSE:GPS) for 126,834 shares. During the same period past year, the company earned $0.57 earnings per share. Finally, Pacer Advisors Inc. increased its position in shares of Gap by 67.8% in the first quarter. Meanwhile the stock weekly performance was subdued at -11.90%, which was down for the month at -1.55%.

03/08/2017 - Guggenheim began new coverage on Gap, Inc.

The Gap, Inc. (GPS) stock price rose 42.51 percent over the past one year, while decreased -16.58 percent during the past 6 months. The company designs virtually all of its products, which in turn are manufactured by independent sources, and sells them under its brand names. During the key period of last 5 years, The Gap, Inc. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. (GPS) now has a value of $24.59 while the company's 52 week low is at $16.32, the shares dropped to the 52 week low on 05/19/16.

Old Navy, the company's biggest brand by revenue, has been a bright spot, posting its fifth consecutive year of sales growth in 2016.

Gap Inc (NYSE:GPS) is expected to release the earnings of its current quarter on 5/18/17 After Market Close. Wall Street had predicted earnings of 29 cents per share, according to the average estimate of 14 analysts surveyed by Zacks Investment Research.

24 number of analysts have estimated the sales of the company for the quarter ending Aug 17, 2017, analysts estimated mean sale target of 3780.53 million while high and low sale targets are estimated at 4031 million and 3673 million respectively. During the same quarter past year, the firm earned $0.57 earnings per share.

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In case of Revenue Estimates, 3390000 analysts have provided their consensus Average Revenue Estimates for The Gap, 24000. A string of retailers have announced store closings in recent months. The ex-dividend date was Monday, April 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 3.91%. The Gap Inc. had 121 analyst reports since August 5, 2015 according to SRatingsIntel.

WARNING: This piece was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this article on another site, it was illegally copied and republished in violation of USA & worldwide copyright & trademark legislation. (The) had its "sell" rating reiterated by analysts at Citigroup. ValuEngine upgraded Gap from a "buy" rating to a "strong-buy" rating in a research report on Wednesday.

Gap Inc (NYSE:GPS) beat Q1 expectations, delivering EPS that were 7 cents above analyst forecasts and sales that were $5o million more. Jefferies Group LLC set a $34.00 price objective on shares of Gap and gave the stock a "buy" rating in a research report on Thursday, May 4th. Wedbush maintained it with "Neutral" rating and $19 target in Tuesday, May 10 report. Finally, TheStreet upgraded Gap from a c rating to a b- rating in a research note on Thursday, April 20th. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.

While arriving at a price target, analysts and investors alike use various metrics to determine where the stock might be directed.

The stock diminished about -0.91% in the past 5 years, this negative value indicates that the stock constantly going down in previous years as well. The shares were sold at an average price of $24.58, for a total transaction of $12,290,000.00. Following the completion of the sale, the chief executive officer now directly owns 29,548 shares of the company's stock, valued at $735,154.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The insider FISHER ROBERT J sold 500,000 shares worth $12.29 million. The price to sales ratio is the ratio of the market value of equity to the sales.

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