According to the analysts polled by Zack’s Research, Gap, Inc.
In related news, major shareholder John J. Fisher bought 5,029,850 shares of Gap stock in a transaction on Friday, August 28th. The stock was acquired at an average price of $33.00 per share, for a total transaction of $101,764,377.00. Following the acquisition, the insider now directly owns 17,726,544 shares of the company’s stock, valued at approximately $584,975,952. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1,882,104 shares of the company’s stock were exchanged. The average, or consensus number of the polled firms, yields a mean of $37.529. The disclosure for this purchase can be found here. Finally, Piper Jaffray reissued a “neutral” rating and issued a $33.00 target price (down from $38.00) on shares of Gap in a report on Tuesday, August 11th. RBC Capital cut their price objective on Gap from $43.00 to $38.00 and set a “sector perform” rating for the company in a research report on Friday, August 21st.
Gap, Inc. (The) (NYSE:GPS): On Thursday heightened volatility was witnessed in Gap, Inc. They set a “hold” rating on the stock. The most bullish analyst sees the stock reaching $50 within the year, while the most conservative brokerage has a price target of $29. However, if the road gets shaky, the stock may fall short to $29 per share.
The $32 target price, given by the analyst, is based on a multiple of 12x for the expected EPS for FY16. Gap has a one year low of $30.75 and a one year high of $46.85. The company has a market cap of $13.38 billion and a PE ratio of 12.32.
Gap (NYSE:GPS) last announced its quarterly earnings results on Thursday, August 20th. The business earned $3.90 billion during the quarter. Gap, Inc. (The) most recently reported earnings per share of $0.64 for the quarter ending on 2015-01-31.
“We’re pleased that Old Navy delivered another strong month of positive comps driven by a healthy back-to-school business, as we remain focused on improving product performance across our portfolio”, said Sabrina Simmons, chief financial officer, Gap Inc.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be issued a dividend of $0.23 per share. Based on this announcement, the stock would have its Ex-Dividend date set for 2015-10-05. Earnings Watch Gap, Inc. Gap Inc. offers apparel, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brands. It also has franchise agreements with unaffiliated franchisees to operate Gap and Banana Republic stores. Gap includes babyGap, GapKids, GapMaternity, GapBody and GapFit assortments. It has Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, China, and Italy.