Gap, Inc. (The) (NYSE:GPS) Earns Daily Coverage Optimism Rating of 0.07
Media coverage about Gap, Inc. (The) (NYSE:GPS) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gap, Inc. (The) earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media headlines about the apparel retailer an impact score of 46.3024347466147 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- What Does The Gap Inc’s (GPS) Share Price Indicate? (finance.yahoo.com)
- Be watchful for Technical Facts on The Gap, Inc. (GPS) – Wall Street Morning (wallstreetmorning.com)
- The Gap Becomes #115 Most Shorted S&P 500 Component, Replacing ConocoPhillips (marketnewsvideo.com)
- Keep focus on dividend yield stock: The Gap, Inc. (GPS) – Voice Of Analysts (analystsbuzz.com)
- Critical Review: Citi Trends (CTRN) & Gap, Inc. (The) (GPS) (americanbankingnews.com)
Shares of Gap, Inc. (GPS) traded up 0.15% during trading on Friday, reaching $27.25. 7,549,540 shares of the company traded hands. The company has a 50 day moving average price of $27.29 and a 200 day moving average price of $24.51. Gap, Inc. has a 12-month low of $21.02 and a 12-month high of $30.74. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 12.98 and a beta of 0.88.
Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. On average, equities analysts predict that Gap, Inc. will post $2.07 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio is presently 43.81%.
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, August 25th. KeyCorp reissued a “buy” rating and set a $33.00 target price on shares of Gap, Inc. (The) in a research report on Tuesday, September 26th. BMO Capital Markets set a $23.00 price objective on shares of Gap, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday, August 8th. Credit Suisse Group raised shares of Gap, Inc. (The) from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $23.00 to $30.00 in a research report on Tuesday, September 19th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $26.00 price objective on shares of Gap, Inc. (The) in a research report on Sunday, August 20th. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $26.79.
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In other Gap, Inc. (The) news, EVP Paul Joseph Chapman sold 4,898 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total value of $111,772.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeff Kirwan sold 1,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.38, for a total value of $29,380.00. Following the sale, the chief executive officer now owns 25,268 shares of the company’s stock, valued at $742,373.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 676,682 shares of company stock valued at $18,903,910. 27.30% of the stock is owned by insiders.
Gap, Inc. (The) 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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