The stock of Gap Inc (NYSE:GPS) is a huge mover today! About 3.40 million shares traded hands. Gap Inc (NYSE:GPS) has declined 23.23% since March 2, 2016 and is downtrending. It has underperformed by 31.49% the S&P500.
The move comes after 8 months positive chart setup for the $8.98B company. It was reported on Oct, 5 by Barchart.com. We have $32.50 PT which if reached, will make NYSE:GPS worth $3.95B more.
Gap Inc (NYSE:GPS) Ratings Coverage
Out of 31 analysts covering The Gap Inc. (NYSE:GPS), 4 rate it a “Buy”, 8 “Sell”, while 19 “Hold”. This means 13% are positive. The Gap Inc. has been the topic of 105 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Gap Inc (NYSE:GPS) has “Underweight” rating given on Thursday, October 29 by Barclays Capital. Mizuho upgraded the shares of GPS in a report on Tuesday, August 9 to “Neutral” rating. The firm earned “Neutral” rating on Tuesday, August 11 by Piper Jaffray. On Tuesday, November 17 the stock rating was maintained by Bernstein with “Market Perform”. The rating was downgraded by Morgan Stanley to “Underweight” on Wednesday, March 16. The stock of Gap Inc (NYSE:GPS) has “Underperform” rating given on Tuesday, August 18 by Wolfe Research. The stock of Gap Inc (NYSE:GPS) has “Overweight” rating given on Monday, April 4 by KeyBanc Capital Markets. As per Saturday, September 5, the company rating was maintained by Stifel Nicolaus. Cantor Fitzgerald maintained the stock with “Hold” rating in Monday, August 24 report. The firm has “Buy” rating given on Friday, August 19 by Jefferies.
According to Zacks Investment Research, “The Gap, Inc. is a global specialty retailer which operates stores selling casual apparel, personal care and other accessories for men, women and children under the Gap, Banana Republic and Old Navy brands. The company designs virtually all of its products, which in turn are manufactured by independent sources, and sells them under its brand names.”
Insitutional Activity: The institutional sentiment increased to 1.11 in Q2 2016. Its up 0.08, from 1.03 in 2016Q1. The ratio improved, as 67 funds sold all Gap Inc shares owned while 109 reduced positions. 56 funds bought stakes while 140 increased positions. They now own 219.06 million shares or 4.71% less from 229.88 million shares in 2016Q1.
Guggenheim Ltd Liability Corporation has 0.11% invested in the company for 1.62M shares. Focused Wealth Management Inc last reported 112 shares in the company. Gulf Int State Bank (Uk) accumulated 74,363 shares or 0.03% of the stock. Great West Life Assurance Can accumulated 466,438 shares or 0.05% of the stock. Amici Capital Ltd Llc accumulated 0.11% or 28,000 shares. Sumitomo Mitsui Asset Mgmt Ltd accumulated 18,617 shares or 0.01% of the stock. Chevy Chase Tru holds 0.02% of its portfolio in Gap Inc (NYSE:GPS) for 195,763 shares. Credit Agricole S A holds 0.05% of its portfolio in Gap Inc (NYSE:GPS) for 642,848 shares. Homrich Berg holds 0.03% or 12,546 shares in its portfolio. Stratos Wealth Prtnrs accumulated 13,757 shares or 0.02% of the stock. The Ontario – Canada-based Mackenzie Corporation has invested 0% in Gap Inc (NYSE:GPS). Northern Corporation holds 0.02% of its portfolio in Gap Inc (NYSE:GPS) for 3.23M shares. Tradewinds Mngmt Limited Liability accumulated 0% or 46 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0.01% invested in Gap Inc (NYSE:GPS) for 20,365 shares. Wells Fargo Mn holds 0.01% of its portfolio in Gap Inc (NYSE:GPS) for 609,325 shares.
More notable recent Gap Inc (NYSE:GPS) news were published by: Economictimes.Indiatimes.com which released: “US apparel retailer Gap Inc to sell online in India on fashion portal NNNow.com” on October 04, 2016, also Nasdaq.com with their article: “Banana Republic Continues To Be A Drag On Gap Inc.” published on October 03, 2016, Forbes.com published: “Ex-Dividend Reminder: The Gap, Brixmor Property Group and Mack Cali Realty” on September 29, 2016. More interesting news about Gap Inc (NYSE:GPS) were released by: Forbes.com and their article: “The Gap Becomes Oversold” published on September 29, 2016 as well as Fortune.com‘s news article titled: “How Macy’s Store Closures Could Help Gap” with publication date: September 07, 2016.
GPS Company Profile
The Gap, Inc. (Gap Inc.), incorporated on April 15, 1988, is an apparel retail company. 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. 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. It also sells products that are designed and manufactured by branded third-parties, especially at its Intermix brands. The Company’s divisions include Gap Global, Old Navy Global, Banana Republic Global, Athleta and Intermix. The Company’s omni-channel services, including order-in-store, reserve-in-store, find-in-store and ship-from-store, are tailored across its portfolio of brands. Gap Inc. has Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China, Taiwan and Hong Kong. It operates Gap, Banana Republic and Old Navy stores throughout Asia, Australia, Europe, Latin America, the Middle East and Africa.
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