Gap (NYSE:GPS): Jefferies Reaffirms “Buy” Rating Today, Has a Target of $39.0/Share

September 17, 2017 - By Nellie Frank

 Gap (NYSE:GPS): Jefferies Reaffirms

Investors sentiment decreased to 0.9 in 2016 Q4. Its down 0.01, from 0.91 in 2016Q3. It fall, 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.

Massachusetts Fincl Ma invested in 0.07% or 6.50M shares. Moreover, Ww Asset Mgmt has 0.02% invested in Gap Inc (NYSE:GPS). Miller Howard Invests Incorporated Ny holds 0.01% of its portfolio in Gap Inc (NYSE:GPS) for 30,879 shares. New York State Common Retirement Fund holds 0.02% in Gap Inc (NYSE:GPS) or 556,800 shares. Janus Capital Mngmt Lc holds 0% or 178,986 shares in its portfolio. Manchester Capital Ltd Liability has 0% invested in Gap Inc (NYSE:GPS) for 1,242 shares. Amalgamated National Bank owns 15,261 shares. Moreover, Tower Ltd Liability Corporation (Trc) has 0.02% invested in Gap Inc (NYSE:GPS). First Allied Advisory has invested 0.01% in Gap Inc (NYSE:GPS). Natixis reported 44,671 shares. National Bank & Trust Of Montreal Can reported 1.45 million shares stake. The France-based Capital Fund Mgmt Sa has invested 0.05% in Gap Inc (NYSE:GPS). Dimensional Fund Advsrs Limited Partnership holds 2.08M shares or 0.02% of its portfolio. Aqr Cap Mgmt Llc reported 690,281 shares. Walleye Trading Limited Liability Company holds 0.01% of its portfolio in Gap Inc (NYSE:GPS) for 88,327 shares.

Since March 30, 2017, it had 0 insider purchases, and 3 selling transactions for $12.43 million activity. FISHER ROBERT J sold $12.29M worth of stock.

Gap (NYSE:GPS) Rating Reaffirmed

Jefferies now has a $39.0 price target on the $10.98 billion market cap company or 39.34 % upside potential. In a note issued to clients on Tuesday, 12 September, Gap (NYSE:GPS) shares have had their “Buy” Rating reiterated by expert analysts at Jefferies.

Investors sentiment decreased to 0.9 in 2016 Q4. Its down 0.01, from 0.91 in 2016Q3. It fall, 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.

Massachusetts Fincl Ma invested in 0.07% or 6.50M shares. Moreover, Ww Asset Mgmt has 0.02% invested in Gap Inc (NYSE:GPS). Miller Howard Invests Incorporated Ny holds 0.01% of its portfolio in Gap Inc (NYSE:GPS) for 30,879 shares. New York State Common Retirement Fund holds 0.02% in Gap Inc (NYSE:GPS) or 556,800 shares. Janus Capital Mngmt Lc holds 0% or 178,986 shares in its portfolio. Manchester Capital Ltd Liability has 0% invested in Gap Inc (NYSE:GPS) for 1,242 shares. Amalgamated National Bank owns 15,261 shares. Moreover, Tower Ltd Liability Corporation (Trc) has 0.02% invested in Gap Inc (NYSE:GPS). First Allied Advisory has invested 0.01% in Gap Inc (NYSE:GPS). Natixis reported 44,671 shares. National Bank & Trust Of Montreal Can reported 1.45 million shares stake. The France-based Capital Fund Mgmt Sa has invested 0.05% in Gap Inc (NYSE:GPS). Dimensional Fund Advsrs Limited Partnership holds 2.08M shares or 0.02% of its portfolio. Aqr Cap Mgmt Llc reported 690,281 shares. Walleye Trading Limited Liability Company holds 0.01% of its portfolio in Gap Inc (NYSE:GPS) for 88,327 shares.

Since March 30, 2017, it had 0 insider purchases, and 3 selling transactions for $12.43 million activity. FISHER ROBERT J sold $12.29M worth of stock.

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. The company was maintained on Wednesday, April 19 by RBC Capital Markets. Mizuho maintained the stock with “Neutral” rating in Friday, November 18 report. As per Tuesday, August 15, the company rating was maintained by FBR Capital. The firm earned “Neutral” rating on Friday, August 19 by Wedbush. The firm has “Neutral” rating given on Monday, March 14 by M Partners. Piper Jaffray maintained Gap Inc (NYSE:GPS) on Tuesday, August 11 with “Neutral” rating. On Friday, May 20 the stock rating was maintained by UBS with “Sell”. On Tuesday, August 25 the stock rating was maintained by FBR Capital with “Hold”. The rating was initiated by M Partners with “Buy” on Thursday, September 17. The stock has “Neutral” rating by PiperJaffray on Monday, November 28.

The stock increased 0.63% or $0.17 on September 15, reaching $27.99. About 5.07M 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 await Gap Inc (NYSE:GPS) to report earnings on November, 16. They expect $0.56 EPS, down 6.67 % or $0.04 from last year’s $0.6 per share. GPS’s profit will be $219.68 million for 12.50 P/E if the $0.56 EPS becomes a reality. After $0.58 actual EPS reported by Gap Inc for the previous quarter, Wall Street now forecasts -3.45 % negative 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: Seekingalpha.com which released: “Has Gap Finally Reached A Bottom?” on September 13, 2017, also Forbes.com with their article: “Shoppers Seem To Have Fallen Out Of Love With The Gap, And The Gap Appears To …” published on September 07, 2017, Businessinsider.com published: “We went to Gap’s Lululemon killer and saw why it could save the brand” on September 08, 2017. More interesting news about Gap Inc (NYSE:GPS) were released by: Fortune.com and their article: “Gap Inc Is Closing 200 Stores but Opening 270 New Ones” published on September 06, 2017 as well as Forbes.com‘s news article titled: “As Gap Inc. Refocuses Its Business, There Is A Retail Industry Ripple Effect” with publication date: September 11, 2017.

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