GAP (NYSE:GPS) posts surprisingly high trading volume after analyst upgrade | Wbactive

On Tuesday, trading volume for The Gap, Inc. (NYSE: GPStrading) increased as Morgan Stanley raised its price estimate for the company to $12.00 from $8.00. Underweight is the rating Morgan Stanley currently assigns to the stock. During the session, 212,259 shares were exchanged, a 98% decrease compared to the volume of 10,446,415 shares exchanged during the previous session. The share price had ended the previous trading day at $14.25 and was last traded at $14.50.

Reports on the stock written by various other stock experts have recently been released. Cowen lowered its price target on GAP shares to $10.00 from $12.00 and assigned a “market perform” rating to the stock in a research note published on Aug. 31. Wells Fargo & Co. raised its price target on GAP shares to $12.00 from $10.00 and gave the company an equal weight rating in a research note issued on Friday. Credit Suisse Group’s target price for GAP shares has been raised to $12.00, according to a research note published on Monday. In a research note published on Friday, September 16, JPMorgan Chase & Co. announced that it would increase its price target on GAP shares to $9.00 from $8.00. Telsey Advisory Group raised its price target on GAP shares to $15.00 from $10.00 and gave the company a “market perform” rating in a research note published on Friday. Five Equity Research analysts have rated the stock as a Sell, fourteen have rated the stock as Hold and one has rated the stock as a Buy. According to data from Bloomberg, the company has an average rating of Hold and analysts have set a consensus price target of $11.84.
On Monday, October 31st, the Company’s Chief Executive Officer, Mary Beth Laughton, sold 11,030 shares of the Company’s shares. At an average price of $11.28 per share, the shares were sold for a total of $124,418.40, bringing the total to $124,418.40. As a direct result of the transaction, the CEO now directly owns 31,561 shares of the Company, having a total value of approximately $356,008.08. This information about the sale was contained in a filing with the Securities and Exchange Commission (SEC) and is available here. The company’s insiders collectively hold 44.19% of the company’s stock.
Recent transactions in the company’s stock have included purchases and sales by several institutional investors and hedge funds. Captrust Financial Advisors increased the company’s percentage of GAP shares by 12.2% during the second quarter. As a result of purchasing an additional 930 shares in the previous quarter, Captrust Financial Advisors now holds a total of 8,561 shares of the apparel retailer with a market value of $71,000. In the third quarter, Russell Investments Group Ltd. the proportion of GAP it held in its portfolio by 2.3%. After purchasing an additional 1,188 shares last quarter, Russell Investments Group Ltd. now owns 53,690 shares of the apparel retailer, valued at $438,000. During the second quarter, Dorsey & Whitney Trust Co. LLC increased the amount of GAP it held in its portfolio by 14.2%. Dorsey & Whitney Trust CO LLC currently owns 13,161 shares of the fashion retailer for $108,000 after purchasing an additional 1,634 shares in the prior quarter. Additionally, Patriot Financial Group Insurance Agency LLC increased its stake in GAP by 58.5% during the second quarter. Patriot Financial Group Insurance Agency LLC currently owns 5,150 shares of the apparel business, valued at $42,000, after purchasing an additional 1,900 shares in the prior quarter.
Last but not least, the Public Employees Retirement System of Ohio increased its stake in GAP shares by 1.8% during the third quarter. After purchasing an additional 2,005 shares in the prior quarter, the Public Employees Retirement System of Ohio now owns a total of 114,213 shares of the apparel retailer, valued at $938,005. In addition, institutions and hedge funds own 57.46% of the company’s shares.

The gearing ratio is currently 0.71, the current ratio is 1.49 and the quick ratio is 0.59. The company has a 50-day simple moving average of $10.29 and a 200-day simple moving average of $10.04. The company’s market cap is currently $5.27 billion, its earnings-to-price ratio is 89.07, and its beta is 1.80.
On Thursday, November 17, GAP (NYSE: GPS) released its latest quarterly report to the public. During the third quarter, the apparel retailer reported $0.71 per share, which was $0.71 higher than the consensus estimate of $0.01 per share. Return on equity for GAP was 4.78% and the company’s net margin was 0.35%. Revenue for the quarter was $4.04 billion, well above the median expectation of $3.83 billion. The company posted earnings per share of $0.27 for the same quarter last year. In the third quarter, GAP’s revenue increased 2.4% compared to the same period last year. According to forecasts by stock analysts, The Gap, Inc. will post a loss of $0.33 per share this year.

Additionally, the company has announced a quarterly dividend, which is set to be paid on the 25th of this month. On Wednesday, January 4th, shareholders of record will be entitled to dividend payments of $0.15 per share. That equates to a dividend payment of $0.60 per year and a dividend yield of 4.14%. Calculated on an annualized basis. The ex-dividend date for this dividend is the third Tuesday of January. The payout percentage for GAP is now 375.02%.

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