Gap posts surprise same-store sales rise as Old Navy shines

The sign for a Gap store is seen on 5th avenue in midtown Manhattan in New York

Following the sale, the director now owns 8,867,728 shares of the company's stock, valued at approximately $217,968,754.24. The Company has 52-week high of $30.14 and 52-week low of $16.32. The firm has a market capitalization of $8.91 billion, a P/E ratio of 13.18 and a beta of 0.99.

After a recent look, shares have been seen -2.79% from the 200-day moving average, and -3.42% from the 50-day moving average. Gap also was the recipient of some unusual options trading activity on Thursday.

Gap (NYSE:GPS) last released its earnings results on Thursday, May 18th.

On 2/23/2017 announced a quarterly dividend of $0.23 3.72% with an ex dividend date of 4/3/2017 which will be payable on 4/5/2017. The Return on Equity ratio of The Gap, Inc. The results bested FactSet analysts expectations cited by MarketWatch of 29 cents per share on revenue of $3.39 billion. That value represents a market adjusting for revenues that have been growing by 1.00 % on a quarterly year/year basis as of the company's last quarterly report. In taking a peek at the stock and where it might be headed, brokerage firms on Wall Street now have a consensus twelve months price target of $25.00 on the shares according to 24 analysts. The company noted that foreign currency fluctuations negatively impacted earnings per share for the first quarter by an estimated 0.03 dollar or about 9 percentage points of earnings per share growth. It has a dividend yield of 3.74%. Gap's dividend payout ratio (DPR) is now 55.09%. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & worldwide copyright and trademark law. Analysts are forecasting The Gap, Inc.to report revenue of about $3.8B, versus the $3.85B posted previous year. (NYSE:GPS), 4 have Buy rating, 6 Sell and 23 Hold. Click to get this free report Click for Free Gap, Inc.

A Thursday note from RBC Capital Markets begins with the headline, "Old Navy Shines In a Tough Environment, but Investors Likely to Remain Skeptical". Analysts reported that the Price Target for The Gap, Inc. might touch $34 high while the Average Price Target and Low price Target is $25.35 and $20 respectively. Finally, MKM Partners reiterated a "neutral" rating and issued a $28.00 price target on shares of Gap in a research report on Tuesday, February 7th. Three analysts have rated the stock with a sell rating, twenty-three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock.

While arriving at a price target, analysts and investors alike use various metrics to determine where the stock might be directed.

Several equities research analysts recently commented on Global Positioning System shares. Recently attention has been given to shares of The Gap, Inc. It worsened, as 46 investors sold Gap Inc shares while 142 reduced holdings.

Now the P/E of The Gap, Inc. stands at 13.71.

Tightening the gaze, stock performance for the last 5 trading days is -9.98%. Regentatlantic Capital LLC bought a new stake in Gap during the third quarter worth about $211,000.

Total same-store sales for the quarter rose 2%. Two Sigma Advisers LP increased its position in Gap by 564.9% in the third quarter. Gotham Asset Management LLC now owns 1,137,240 shares of the apparel retailer's stock valued at $27,624,000 after buying an additional 157,900 shares during the period.

On 3/21/2016 Andi Owen, Insider, sold 11,381 with an average share price of $30.17 per share and the total transaction amounting to $343,364.77.

Related:

  • Trump reportedly asked Comey to consider imprisoning members of the press

    Trump reportedly asked Comey to consider imprisoning members of the press

    He dismissed outrage over Trump's disclosures as USA politicians whipping up "anti-Russian sentiment". Gerhardt said Trump's recent comments and behaviour are "disturbing" and "justify a further inquiry".

    Salient features of ICJ's ruling on Kulbhushan Jadhav case

    The judges said India had a "plausible" argument that Pakistan violated global law by refusing to grant consular access to Jadhav. The worldwide court of justice, sometimes referred to as the world court, is the UN's court for hearing disputes between states.

    Ford To Slash Up To 20000 Jobs Worldwide

    The automaker said on April 27 when it posted earnings for the first quarter than it was planning to cuts costs by $3 billion. Ford's global headcount sits at some 200,000 employees, so 10 percent comes out to about 20,000 potentially lost jobs.
  • Diarrhea From Swimming Pools Rising

    Diarrhea From Swimming Pools Rising

    Even if a pool is properly maintained, Crypto can still pose a challenge, as it's able to survive up to 10 days in clean water. Experts are unsure if the parasite is becoming more common, or if the reason for the spike is simply more people reporting it.
    Gay Couple Sentenced to 85 Lashes By Sharia Court

    Gay Couple Sentenced to 85 Lashes By Sharia Court

    The appeal comes following the news that two gay men will be publicly caned 85 times for having sex out of wedlock. . Aceh is the only province in the world's most populous Muslim-majority country which implements Sharia law.
    Tigers homer twice off Bundy, edge Orioles 6-5

    Tigers homer twice off Bundy, edge Orioles 6-5

    Not only does Martinez have five homers in six games since coming off the disabled list, but he's walked a remarkable nine times. Bryce Harper hit his 13th home run and Ryan Zimmerman delivered a two-run double to lead Washington to a win over Pittsburgh.
  • Blizzard REVEALS new Skins and voice lines

    Blizzard REVEALS new Skins and voice lines

    All the Overwatch and Blizzard fans are in for a massive treat next week as the developer prepares for the big Anniversary Event. In the lead up to the event, Blizzard has revealed new skins for Soldier 76, Pharah, Bastion and Zarya (via PvP Live ).
    Wrong-way driver killed, 2 hurt in head-on crash in Maryland

    Wrong-way driver killed, 2 hurt in head-on crash in Maryland

    Laura Ashley Murphy, 22, of Salisbury, was the driver of the black 2017 Volkswagen Tiguan involved in the crash. A woman was driving on the wrong side of the road, police said, when she struck another vehicle head on.
    Warriors, Spurs will try to use break to rest and heal again

    Warriors, Spurs will try to use break to rest and heal again

    Spurs Coach Greg Popovich Coaching Spurs During Game 2 of Western Conference Finals. But I'll be better (in Game 3), and I'll definitely be better by next game.
  • Chinese, S. Korean officials seek to mend rift with meetings

    Chinese, S. Korean officials seek to mend rift with meetings

    Trump said he expects positive results on the North Korean nuclear issue through close cooperation with the Moon administration. Shares in AmorePacific 090430.KS , its largest cosmetics firm, were up 0.9 percent.

    Proposed Laptop Travel Ban Would Wreak Havoc on Business Travelers

    A ban on electronic devices larger than a smartphone was introduced on flights to the U.S. from 10 airports back in March. The IATA estimates that the restrictions would affect 390 flights a day if applied to all of Europe .

    Would Trump request to end Flynn probe have broken law?

    The New York Times was the first to report on a February memo by Comey that suggested Trump asked him to lay off Flynn. Trump, with any notes or alleged tapes of their conversations, in order to sort through what was asked of Comey.

Comments

Latest news

Steve Mnuchin Walks Back Administration Support of Glass-Steagall
The three have substantial footprints in commercial and investment banking, so their business models would be severely impacted. Mnuchin added, "There'll be a box that you have to check that says, I'm eligible for the business tax, which is 15 percent".

Congressman calls for Trump's impeachment on House floor
Green, who previewed his call with a tweet earlier, said it was the House of Representative's "duty" to take up impeachment. The president must be impeached!" Waters has received her fair share of impeachment backlash from Trump supporters.

Fiat Chrysler shares drop on US diesel emissions probe
The Commission may eventually decide to take the country to court if it is not satisfied with the answer. The European Commission had been mediating the dispute Germany and Italy, which ended in March.

Nigeria identifies 82 freed Chibok girls; parents await word
The girls said they wanted to go back to school so a nine-month reintegration programme was designed for them, the minister said. Boko Haram took the girls because they are against children - especially girls - getting an education, like they do in the UK.

$890m European Union package to help 79 developing nations combat climate change
That's quickly been reversed under President Trump, who is considering withdrawing the U.S. from the agreement entirely. A pared-down United States delegation at the annual round of technical negotiations was thus also left in the dark.

Winona County remembers fallen law enforcement
Bullhead City Police Chief Brian Williamson also used a personal connection to describe what the occasion means to him. Pittsfield Police Chief Michael Wynn says it honors law enforcement officers who have died in the line of duty.

Chelsea Manning has been liberated
After the sentencing, the ex-intelligence agent changed her name to Chelsea Manning and identified as transgender. Whatever is ahead of me, is far more important than the past, The Guardian quoted Manning, as saying.

14th GST council meet begins in Srinagar today
The full details of the goods and services, and the rates applicable thereof, are likely to be released officially on Friday. ACs and refrigerators will fall in the 28 per cent tax slab while life-saving drugs have been kept at 5 per cent rate.

Philippine Economic Growth Eases In First Quarter Of 2017
Meanwhile, the agriculture sector recovered with 4.9 percent growth from a decline of 4.3 percent from the previous year. Exports grew 20.3 percent in the first quarter from a year earlier and domestic consumption rose 5.7 percent.

Keith Urban's National Anthem for the Nashville Predators
God Bless", said the star. "It was presented to me as a one night only kind of thing and I agreed to it", Morgan said. Underwood wrote on Twitter before Friday's (May 12) NHL Stanley Cup Playoffs game against the Ducks.

Jack in the Box Inc. Shares Surge Despite Lowered Outlook
The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by $0.06. Shares of Jack in the Box Inc . closed the previous trading session at 101.89 up +2.33 2.34% with 1,949,348 shares trading hands.

Jumping the Gun? Congressional Dems Making Early Calls for Trump's Impeachment
He was impeached by the full House on December 19, although they rejected several articles suggested by the judiciary committee. Speaker, to call for the impeachment of the President of the United States of America for obstruction of justice", said Green.

Syrian opposition seeks extension of current Geneva talks
A former Syrian army colonel who joined the opposition said what the State Department revealed about Saydnaya "is not surprising". Ambassador Bashar Jaafari held a very brief meeting with de Mistura on Tuesday and left without speaking to the media.

Kildare South TD Martin Heydon pays tribute to retiring Taoiseach Enda Kenny
Colleagues are counting on a new leader reviving their fortunes after falling marginally behind rivals Fianna Fail in most surveys.

ESPN ending 'Mike & Mike' radio show after 17 years
That includes changes to " SportsCenter ", its flagship broadcast since the network went on the air in 1979. After being together for almost 20 years, ESPN radio hosts Mike Greenberg and Mike Golic are breaking up.

Other news