Market Runner: Could Gap Inc Change Direction After Reaching 52-Week High?

Market Runner: Could Gap Inc Change Direction After Reaching 52 Week High?

The stock of Gap Inc (NYSE:GPS) hit a new 52-week high and has $37.03 target or 21.00% above today’s $30.60 share price. The 6 months bullish chart indicates low risk for the $12.33B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $37.03 price target is reached, the company will be worth $2.59B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.71 million shares traded hands. Gap Inc (NYSE:GPS) has risen 27.27% since April 15, 2016 and is uptrending. It has outperformed by 22.65% the S&P500.

Gap Inc (NYSE:GPS) Ratings Coverage

Out of 31 analysts covering The Gap Inc. (NYSE:GPS), 4 rate it a “Buy”, 7 “Sell”, while 20 “Hold”. This means 13% are positive. The Gap Inc. has been the topic of 107 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Stifel Nicolaus given on Friday, May 20. The firm has “Neutral” rating given on Monday, March 14 by M Partners. On Friday, October 9 the stock rating was maintained by Topeka Capital Markets with “Buy”. The stock has “Hold” rating given by FBR Capital on Tuesday, August 25. On Tuesday, August 18 the stock rating was initiated by Wolfe Research with “Underperform”. The firm has “Underperform” rating by Mizuho given on Friday, November 20. The company was initiated on Thursday, October 29 by Barclays Capital. The firm has “Buy” rating given on Tuesday, August 11 by Stifel Nicolaus. On Friday, May 20 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by M Partners with “Neutral” on Friday, January 8.

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 increased, 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.
Point72 Asset Management L P last reported 0.1% of its portfolio in the stock. Jane Street Ltd has 0.01% invested in the company for 110,272 shares. Acadian Asset Limited Liability Company last reported 23,073 shares in the company. Schroder Investment Management Grp Incorporated has 0.12% invested in the company for 2.71 million shares. Aviva Public Limited Liability Company has invested 0.02% of its portfolio in Gap Inc (NYSE:GPS). Saba Mngmt L P holds 0.36% or 189,600 shares in its portfolio. Henderson Group Public Limited Liability Company owns 28,976 shares or 0.01% of their US portfolio. Prudential has 0.09% invested in the company for 2.43 million shares. Shinko Asset Ltd holds 0% of its portfolio in Gap Inc (NYSE:GPS) for 708 shares. Dreman Value Management L L C accumulated 0.13% or 10,167 shares. Aqr Mngmt Ltd Liability owns 739,093 shares or 0.03% of their US portfolio. Rhumbline Advisers, a Massachusetts-based fund reported 436,462 shares. Ubs Asset Americas holds 0.01% or 619,290 shares in its portfolio. Invesco Ltd holds 0.02% of its portfolio in Gap Inc (NYSE:GPS) for 3.00 million shares. Alexandria Capital Ltd Liability Corporation owns 171 shares or 0% of their US portfolio.

More notable recent Gap Inc (NYSE:GPS) news were published by: Nasdaq.com which released: “Earnings Reaction History: Gap Inc., 37.5% Follow-Through Indicator, 2.9 …” on November 17, 2016, also Fortune.com with their article: “Gap Shares Are up Despite Decline Sales” published on November 07, 2016, Bizjournals.com published: “Former P&G treasurer hired as Gap Inc. CFO” on November 16, 2016. More interesting news about Gap Inc (NYSE:GPS) were released by: Marketwatch.com and their article: “Gap Inc. CFO to depart” published on November 02, 2016 as well as Wsj.com‘s news article titled: “Gap CFO Sabrina Simmons to Leave at End of Fiscal Year” with publication date: November 02, 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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