Breaking: Jefferies Maintains $39.0 PT On Gap (NYSE:GPS) Shares, Maintains Their Original “Buy” Rating

September 17, 2017 - By Nellie Frank

 Breaking: Jefferies Maintains $39.0 PT On Gap (NYSE:GPS) Shares, Maintains Their Original

Investors sentiment decreased to 0.9 in Q4 2016. Its down 0.01, from 0.91 in 2016Q3. It dropped, as 46 investors sold Gap Inc shares while 142 reduced holdings. 57 funds opened positions while 112 raised stakes. 212.42 million shares or 2.65% less from 218.21 million shares in 2016Q3 were reported.

Advantus Cap Mgmt holds 0.01% in Gap Inc (NYSE:GPS) or 21,873 shares. Moreover, Vantage Investment Advsr Lc has 0% invested in Gap Inc (NYSE:GPS) for 75 shares. The Georgia-based Synovus Corp has invested 0% in Gap Inc (NYSE:GPS). Piedmont Invest Advisors Ltd Llc invested in 0% or 623 shares. Premier Asset Managment stated it has 16,800 shares or 0.1% of all its holdings. Moreover, Dupont Cap Corporation has 0.03% invested in Gap Inc (NYSE:GPS) for 58,138 shares. Henderson Gru Pcl reported 32,276 shares or 0.01% of all its holdings. 2.20M were reported by Lsv Asset Mngmt. 27,120 are held by Verition Fund Mgmt Ltd Liability Corp. Raymond James Assocs holds 0% in Gap Inc (NYSE:GPS) or 51,564 shares. Aviva Public Ltd has invested 0.02% in Gap Inc (NYSE:GPS). Fort Washington Inv Advisors Oh owns 0.02% invested in Gap Inc (NYSE:GPS) for 42,629 shares. The Massachusetts-based Bollard Group Lc has invested 0% in Gap Inc (NYSE:GPS). Stratos Wealth Ptnrs has 0.02% invested in Gap Inc (NYSE:GPS) for 13,750 shares. Amica Mutual Ins invested in 19,525 shares.

Since March 30, 2017, it had 0 buys, and 3 insider sales for $12.43 million activity. 500,000 shares were sold by FISHER ROBERT J, worth $12.29 million on Thursday, March 30.

Gap (NYSE:GPS) Rating Reaffirmed

Gap (NYSE:GPS) just had their share rating of a ‘”Buy”‘ issued by research analysts at Jefferies, who now has a $39.0 target on the $10.98 billion market cap company or a 39.34 % upside potential. This key information was revealed to clients and investors in an analyst report on 12 September.

Investors sentiment decreased to 0.9 in Q4 2016. Its down 0.01, from 0.91 in 2016Q3. It dropped, as 46 investors sold Gap Inc shares while 142 reduced holdings. 57 funds opened positions while 112 raised stakes. 212.42 million shares or 2.65% less from 218.21 million shares in 2016Q3 were reported.

Advantus Cap Mgmt holds 0.01% in Gap Inc (NYSE:GPS) or 21,873 shares. Moreover, Vantage Investment Advsr Lc has 0% invested in Gap Inc (NYSE:GPS) for 75 shares. The Georgia-based Synovus Corp has invested 0% in Gap Inc (NYSE:GPS). Piedmont Invest Advisors Ltd Llc invested in 0% or 623 shares. Premier Asset Managment stated it has 16,800 shares or 0.1% of all its holdings. Moreover, Dupont Cap Corporation has 0.03% invested in Gap Inc (NYSE:GPS) for 58,138 shares. Henderson Gru Pcl reported 32,276 shares or 0.01% of all its holdings. 2.20M were reported by Lsv Asset Mngmt. 27,120 are held by Verition Fund Mgmt Ltd Liability Corp. Raymond James Assocs holds 0% in Gap Inc (NYSE:GPS) or 51,564 shares. Aviva Public Ltd has invested 0.02% in Gap Inc (NYSE:GPS). Fort Washington Inv Advisors Oh owns 0.02% invested in Gap Inc (NYSE:GPS) for 42,629 shares. The Massachusetts-based Bollard Group Lc has invested 0% in Gap Inc (NYSE:GPS). Stratos Wealth Ptnrs has 0.02% invested in Gap Inc (NYSE:GPS) for 13,750 shares. Amica Mutual Ins invested in 19,525 shares.

Since March 30, 2017, it had 0 buys, and 3 insider sales for $12.43 million activity. 500,000 shares were sold by FISHER ROBERT J, worth $12.29 million on Thursday, March 30.

Gap Inc (NYSE:GPS) Ratings Coverage

Among 33 analysts covering The Gap Inc. (NYSE:GPS), 5 have Buy rating, 5 Sell and 23 Hold. Therefore 15% are positive. The Gap Inc. has $48 highest and $16 lowest target. $28.53’s average target is 1.93% above currents $27.99 stock price. The Gap Inc. had 134 analyst reports since August 5, 2015 according to SRatingsIntel. UBS maintained the stock with “Sell” rating in Friday, August 18 report. FBR Capital maintained the stock with “Market Perform” rating in Monday, October 12 report. The stock of Gap Inc (NYSE:GPS) earned “Hold” rating by S&P Research on Thursday, October 1. Wedbush maintained the stock with “Neutral” rating in Friday, May 20 report. The rating was maintained by Citigroup on Tuesday, August 9 with “Neutral”. The stock has “Buy” rating by Oppenheimer on Sunday, June 4. The rating was maintained by Deutsche Bank on Friday, June 3 with “Sell”. The rating was maintained by Piper Jaffray on Tuesday, August 11 with “Neutral”. Wolfe Research maintained the shares of GPS in report on Monday, May 1 with “Outperform” rating. The rating was maintained by S&P Research on Monday, August 24 with “Buy”.

The stock increased 0.63% or $0.17 on September 15, reaching $27.99. About 5.07 million shares traded. Gap Inc (NYSE:GPS) has risen 28.94% since September 17, 2016 and is uptrending. It has outperformed by 12.24% the S&P500.

Analysts expect Gap Inc (NYSE:GPS) to report $0.56 EPS on November, 16.They anticipate $0.04 EPS change or 6.67 % from last quarter’s $0.6 EPS. GPS’s profit would be $219.68M giving it 12.50 P/E if the $0.56 EPS is correct. After having $0.58 EPS previously, Gap Inc’s analysts see -3.45 % EPS growth.

The Gap, Inc. is an apparel retail company. The company has market cap of $10.98 billion. 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. It has a 13.3 P/E ratio. 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.

More notable recent Gap Inc (NYSE:GPS) news were published by: Forbes.com which released: “Shoppers Seem To Have Fallen Out Of Love With The Gap, And The Gap Appears To …” on September 07, 2017, also Fortune.com with their article: “Gap Inc Is Closing 200 Stores but Opening 270 New Ones” published on September 06, 2017, Nasdaq.com published: “Gap, Inc. (GPS) Jumps: Stock Rises 7.5%” on September 07, 2017. More interesting news about Gap Inc (NYSE:GPS) were released by: Forbes.com and their article: “As Gap Inc. Refocuses Its Business, There Is A Retail Industry Ripple Effect” published on September 11, 2017 as well as Businessinsider.com‘s news article titled: “We went to Gap’s Lululemon killer and saw why it could save the brand” with publication date: September 08, 2017.

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