Media stories about GAP (NYSE:GPS) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. GAP earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the apparel retailer an impact score of 44.9918222789761 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
Several equities research analysts recently issued reports on the company. Oppenheimer set a $33.00 target price on GAP and gave the stock a “buy” rating in a report on Monday, October 30th. Canaccord Genuity reaffirmed a “buy” rating on shares of GAP in a research report on Thursday, December 14th. ValuEngine raised shares of GAP from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 30th. Zacks Investment Research lowered shares of GAP from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, Royal Bank of Canada set a $26.00 price target on shares of GAP and gave the company a “hold” rating in a research report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. GAP currently has a consensus rating of “Hold” and an average target price of $28.37.
GAP (NYSE GPS) traded up $1.16 during midday trading on Thursday, reaching $33.19. 5,280,243 shares of the company’s stock traded hands, compared to its average volume of 4,664,180. The company has a quick ratio of 0.77, a current ratio of 1.73 and a debt-to-equity ratio of 0.41. GAP has a one year low of $21.02 and a one year high of $35.24. The firm has a market capitalization of $12,460.00, a P/E ratio of 15.22, a PEG ratio of 1.94 and a beta of 0.94.
GAP (NYSE:GPS) last announced its earnings results on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.76 billion. GAP had a net margin of 5.57% and a return on equity of 27.47%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 earnings per share. sell-side analysts anticipate that GAP will post 2.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a yield of 2.77%. GAP’s dividend payout ratio is currently 42.20%.
In other GAP news, CEO Jeff Kirwan sold 1,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $26.11, for a total value of $26,110.00. Following the completion of the transaction, the chief executive officer now directly owns 24,268 shares of the company’s stock, valued at $633,637.48. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Julie Gruber sold 5,462 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $35.00, for a total transaction of $191,170.00. Following the completion of the transaction, the executive vice president now directly owns 11,988 shares of the company’s stock, valued at $419,580. The disclosure for this sale can be found here. Insiders have sold 1,549,690 shares of company stock valued at $48,798,813 over the last three months. 27.30% of the stock is currently owned by corporate insiders.
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GAP Company Profile
The Gap, Inc (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, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.
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