Key Analysts at Jefferies Maintain their ‘Buy’ rating for Gap (NYSE:GPS) Shares Today. Their PT is $39.0

September 17, 2017 - By Marie Mckinney

 Key Analysts at Jefferies Maintain their ‘Buy’ rating for Gap (NYSE:GPS) Shares Today. Their PT is $39.0

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

Oregon Pub Employees Retirement Fund holds 0.06% of its portfolio in Gap Inc (NYSE:GPS) for 132,085 shares. Everpoint Asset Mngmt Lc reported 564,000 shares stake. Sentinel Tru Co Lba invested in 0.14% or 41,615 shares. Davenport & Lc has invested 0% in Gap Inc (NYSE:GPS). Sei Invests stated it has 243,261 shares. Bluemountain Cap Management Ltd Liability Corp holds 284,329 shares. Pggm Investments reported 0.19% of its portfolio in Gap Inc (NYSE:GPS). Ibm Retirement Fund holds 0.02% or 17,832 shares. Moreover, Shell Asset Management has 0.01% invested in Gap Inc (NYSE:GPS) for 14,265 shares. Jefferies Gru Lc holds 0.01% in Gap Inc (NYSE:GPS) or 79,351 shares. Teacher Retirement System Of Texas reported 26,093 shares. 28,344 are owned by Bancorpsouth. Bancshares Of America De owns 1.42 million shares. Next Finance Gp Inc reported 255 shares. Hsbc Holdings Public Ltd Co invested 0.02% of its portfolio in Gap Inc (NYSE:GPS).

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

Gap (NYSE:GPS) Rating Reaffirmed

The company has just set a target price of $39.0 on Gap (NYSE:GPS) shares. This is 39.34 % from the previous close. In a research note sent to investors on Tuesday, 12 September, Jefferies reiterated their Buy rating on shares of GPS.

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

Oregon Pub Employees Retirement Fund holds 0.06% of its portfolio in Gap Inc (NYSE:GPS) for 132,085 shares. Everpoint Asset Mngmt Lc reported 564,000 shares stake. Sentinel Tru Co Lba invested in 0.14% or 41,615 shares. Davenport & Lc has invested 0% in Gap Inc (NYSE:GPS). Sei Invests stated it has 243,261 shares. Bluemountain Cap Management Ltd Liability Corp holds 284,329 shares. Pggm Investments reported 0.19% of its portfolio in Gap Inc (NYSE:GPS). Ibm Retirement Fund holds 0.02% or 17,832 shares. Moreover, Shell Asset Management has 0.01% invested in Gap Inc (NYSE:GPS) for 14,265 shares. Jefferies Gru Lc holds 0.01% in Gap Inc (NYSE:GPS) or 79,351 shares. Teacher Retirement System Of Texas reported 26,093 shares. 28,344 are owned by Bancorpsouth. Bancshares Of America De owns 1.42 million shares. Next Finance Gp Inc reported 255 shares. Hsbc Holdings Public Ltd Co invested 0.02% of its portfolio in Gap Inc (NYSE:GPS).

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

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. FBR Capital maintained the shares of GPS in report on Friday, August 28 with “Hold” rating. The stock of Gap Inc (NYSE:GPS) earned “Underperform” rating by Wolfe Research on Friday, October 9. The stock has “Neutral” rating by Wedbush on Friday, November 18. S&P Research maintained it with “Buy” rating and $38 target in Monday, August 24 report. The firm earned “Sell” rating on Friday, November 20 by UBS. The company was maintained on Friday, August 19 by UBS. The stock has “Outperform” rating by Wolfe Research on Monday, May 1. On Friday, December 4 the stock rating was maintained by Cantor Fitzgerald with “Hold”. The company was downgraded on Wednesday, March 16 by Morgan Stanley. M Partners maintained it with “Neutral” rating and $25.0 target in Friday, January 8 report.

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.

Investors wait Gap Inc (NYSE:GPS) to report on November, 16. its quarterly earnings Wall Street analysts expect $0.56 earnings per share, down $0.04 or 6.67 % from last year’s $0.6 same quarter earnings. This translates into $219.68M profit for GPS giving the stock a 12.50 P/E. This is assuming the current $0.56 EPS is accurate. Gap Inc’s Wall Street analysts see -3.45 % negative EPS growth, taking into account the $0.58 EPS reproted in the previous quarter,

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: Nasdaq.com which released: “Gap, Inc. (GPS) Jumps: Stock Rises 7.5%” on September 07, 2017, also Seekingalpha.com with their article: “Has Gap Finally Reached A Bottom?” published on September 13, 2017, Forbes.com published: “Shoppers Seem To Have Fallen Out Of Love With The Gap, And The Gap Appears To …” on September 07, 2017. More interesting news about Gap Inc (NYSE:GPS) were released by: Forbes.com and their article: “As Gap Inc. Refocuses Its Business, There Is A Retail Industry Ripple Effect” published on September 11, 2017 as well as Fortune.com‘s news article titled: “Gap Inc Is Closing 200 Stores but Opening 270 New Ones” with publication date: September 06, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.