Stock Worth Watching: What’s Gap Inc Downside After Today’s Huge Decline?

Stock Worth Watching: What's Gap Inc Downside After Today's Huge Decline?

The stock of Gap Inc (NYSE:GPS) is a huge mover today! About 22.50M shares traded hands or 282.65% up from the average. Gap Inc (NYSE:GPS) has risen 28.60% since April 18, 2016 and is uptrending. It has outperformed by 24.17% the S&P500.
The move comes after 5 months negative chart setup for the $10.45B company. It was reported on Nov, 18 by Barchart.com. We have $24.42 PT which if reached, will make NYSE:GPS worth $522.50 million less.

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 108 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Wednesday, August 12 the stock rating was maintained by Cowen & Co with “Market Perform”. M Partners maintained it with “Neutral” rating and $25.0 target price in Friday, January 8 report. The firm has “Neutral” rating by Citigroup given on Friday, May 20. The company was maintained on Friday, October 30 by Oppenheimer. The firm has “Neutral” rating given on Friday, August 19 by Robert W. Baird. The stock of Gap Inc (NYSE:GPS) earned “Sell” rating by Deutsche Bank on Tuesday, August 9. The stock has “Mkt Perform” rating given by FBR Capital on Friday, February 26. The stock has “Overweight” rating given by KeyBanc Capital Markets on Monday, April 4. The company was maintained on Friday, October 9 by RBC Capital Markets. S&P Research maintained the stock with “Buy” rating in Monday, August 24 report.

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 decreased to 0.91 in Q2 2016. Its down 0.20, from 1.11 in 2016Q1. The ratio turned negative, 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.
Blackrock Group Limited reported 2.05 million shares or 0.02% of all its holdings. Parametric Portfolio Associates Limited Co has 0.03% invested in the company for 1.00 million shares. Deere & Com holds 57,208 shares or 0.07% of its portfolio. Schwab Charles Management owns 1.08 million shares or 0.03% of their US portfolio. Cornerstone Capital Mgmt Ltd owns 151,888 shares or 0.03% of their US portfolio. Cornercap Investment Counsel Incorporated reported 236,595 shares or 0.96% of all its holdings. Pictet Asset Mngmt owns 175,190 shares or 0.01% of their US portfolio. Blair William And Il holds 0% of its portfolio in Gap Inc (NYSE:GPS) for 18,164 shares. Gulf Intll Bancorp (Uk) Ltd last reported 0.03% of its portfolio in the stock. Van Eck Assoc owns 57,512 shares or 0.01% of their US portfolio. Pub Sector Pension Investment Board holds 0.01% or 43,026 shares in its portfolio. Bluecrest, a Guernsey-based fund reported 52,952 shares. Bb&T Secs Lc has 0.01% invested in the company for 40,575 shares. Millennium Limited Liability Com has 620,343 shares for 0.03% of their US portfolio. Barrow Hanley Mewhinney And Strauss Lc holds 0.11% or 3.34 million shares in its portfolio.

More notable recent Gap Inc (NYSE:GPS) news were published by: Fool.com which released: “Why Shares of Gap Inc. Slumped Today” on November 18, 2016, also Fortune.com with their article: “Gap Shares Are up Despite Decline Sales” published on November 07, 2016, Nasdaq.com published: “Earnings Reaction History: Gap Inc., 37.5% Follow-Through Indicator, 2.9 …” on November 17, 2016. More interesting news about Gap Inc (NYSE:GPS) were released by: Streetinsider.com and their article: “Gap, Inc. (GPS) Names Teri List-Stoll CFO” published on November 15, 2016 as well as Nasdaq.com‘s news article titled: “Gap Inc. Announces 7% Retreat In Q3 Earnings” with publication date: November 17, 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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