A Shopping Bag Full of Surprises Sends Gap Shares Ripping Higher
- Author: Anthony Vega May 20, 2017,
May 20, 2017, 7:42
The relative volume (ratio between current volume and 3-month average) is presently sitting at 1.45. Past 5 years growth of Gap Inc (NYSE:GPS) observed at -0.91%, looking forward for the next 5 years it has a strong prediction of 6.71% over growth. Jefferies Group LLC set a $34.00 price objective on shares of Gap and gave the company a "buy" rating in a report on Saturday, February 25th. Currently, GPS is a #3 (Hold) on the Zacks Rank, and is up 3.49% to $24.00 per share in trading shortly after its earnings report was released. The stock now has a consensus rating of "Hold" and a consensus target price of $25.71. They now have a Dollars 24 price target on the stock. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The stock now has a consensus rating of "Hold" and an average price target of $25.71. The Connecticut-based Paloma Prns Mngmt has invested 0.02% in Gap Inc (NYSE:GPS). Stock traders bought 31,496 put options on the company. Gap Inc has a 1-year low of $17.31 and a 1-year high of $30.74.
Beta is also an important valuation ratio for analyzing the stock of the company, Global Positioning System has Beta of 0.88 while its industry and Sector's beta remains at 1.48 and 1.33 respectively. Gap also was the recipient of unusually large options trading on Thursday. This is an increase of approximately 695% compared to the typical volume of 3,964 put options.
Gap's report added a bit more good news to a day that saw retail giant Wal-Mart also post a good earnings report. (NYSE:GPS). At the time of writing, the First Call consensus price target for the company is $24.92.
Old Navy, the company's biggest brand by revenue, has been a bright spot, posting its fifth consecutive year of sales growth in 2016. It has a return on equity (ROE) of 20.60%.
Gap reiterated EPS guidance of $1.95 to $2.05 for the fiscal year while updating its guidance for the first half of the year. The company's beta value is at 0.88.
Investors wait Gap Inc (NYSE:GPS) to report on May, 18 after the close. its quarterly earnings Wall Street analysts expect $0.29 earnings per share, down $0.03 or 9.38 % from last year's $0.32 same quarter earnings.
The company ended seven straight quarters of sales declines in the fourth quarter, with sales rising one per cent. Stockholders of record on Wednesday, July 5th will be issued a dividend of $0.23 per share.
On 11/10/2016 announced a quarterly dividend of $0.23 3.16% with an ex dividend date of 12/30/2016 which will be payable on 1/4/2017. Gap's dividend payout ratio (DPR) is presently 55.09%.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by Stock Observer and is owned by of Stock Observer. The stock declined 0.69% or $1.24 reaching $177.54 per share. Furthermore on 11/18/16 Citigroup "Downgrades" the stock to Sell at $25.
The company's shares were up 4.5 percent at $24.24 in after-market trading on Thursday. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
On 2/9/2017 Andi Owen, Insider, sold 38,278 with an average share price of $23.97 per share and the total transaction amounting to $917,523.66. Following the transaction, the chief executive officer now directly owns 29,548 shares in the company, valued at approximately $735,154.24. The disclosure for this sale can be found here. Today, you can download 7 Best Stocks for the Next 30 Days. In contrast to the year ago quarter EPS was at 0.59. Pushing back over the last quarter, shares are -2.69%.