News stories about GAP (NYSE:GPS) have been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. GAP earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the apparel retailer an impact score of 45.366018002472 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Gap Inc (GPS) EVP Sells $242,522.00 in Stock (americanbankingnews.com)
- Why Gap Stock Jumped 24% in November (finance.yahoo.com)
- Old Navy Named One of the 2017 Best Workplaces for Diversity by Great Place to Work® and FORTUNE (finance.yahoo.com)
- Costco Shares Pop to a New High Thanks to a Sales Rise (finance.yahoo.com)
- Zacks: Brokerages Expect Gap Inc (GPS) Will Announce Quarterly Sales of $4.67 Billion (americanbankingnews.com)
GAP (NYSE:GPS) traded up $0.28 on Thursday, hitting $33.68. The stock had a trading volume of 4,529,715 shares, compared to its average volume of 5,992,813. GAP has a 12 month low of $21.02 and a 12 month high of $34.30. The company has a quick ratio of 0.77, a current ratio of 1.73 and a debt-to-equity ratio of 0.41. The company has a market cap of $12,956.72, a P/E ratio of 16.41, a PEG ratio of 1.98 and a beta of 0.95.
GAP (NYSE:GPS) last posted its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. GAP had a return on equity of 27.47% and a net margin of 5.57%. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. research analysts expect that GAP will post 2.1 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, January 2nd. GAP’s dividend payout ratio (DPR) is presently 42.40%.
A number of research analysts have issued reports on GPS shares. Zacks Investment Research upgraded GAP from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Friday, August 25th. Jefferies Group set a $35.00 price target on GAP and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Oppenheimer set a $28.00 price target on GAP and gave the stock a “buy” rating in a research report on Thursday, August 17th. ValuEngine upgraded GAP from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Finally, KeyCorp reiterated a “buy” rating and set a $33.00 price target on shares of GAP in a research report on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $27.94.
In other news, Director Katherine Tsang sold 20,000 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $29.48, for a total transaction of $589,600.00. Following the sale, the director now directly owns 783 shares of the company’s stock, valued at $23,082.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Sydney Fisher sold 666,849 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $27.99, for a total value of $18,665,103.51. Following the sale, the director now directly owns 12,237,873 shares in the company, valued at $342,538,065.27. The disclosure for this sale can be found here. Insiders have sold 2,212,077 shares of company stock worth $67,302,126 over the last ninety days. 27.30% of the stock is owned by insiders.
GAP Company Profile
The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.
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