Out of 28 analysts covering The Gap Inc. (NYSE:GPS), 3 rate it a “Buy”, 8 “Sell”, while 17 “Hold”. This means 11% are positive. $42 is the highest target while $16 is the lowest. The $26.15 average target is 12.81% above today’s ($23.18) stock price. The Gap Inc. has been the topic of 77 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Citigroup maintained the stock on August 22 with “Neutral” rating. Below is a list of Gap Inc (NYSE:GPS) latest ratings and price target changes.
22/08/2016 Broker: Citigroup Rating: Neutral Old Target: $24.00 New Target: $27.00 Maintain
19/08/2016 Broker: Deutsche Bank Rating: Sell Old Target: $19.00 New Target: $18.00 Maintain
19/08/2016 Broker: Jefferies Rating: Buy Old Target: $26.00 New Target: $30.00 Maintain
19/08/2016 Broker: Nomura Rating: Neutral Old Target: $22.00 New Target: $24.00 Maintain
19/08/2016 Broker: Robert W. Baird Rating: Neutral Old Target: $24.00 New Target: $27.00 Maintain
19/08/2016 Broker: UBS Rating: Sell New Target: $16.00 Maintain
19/08/2016 Broker: Wedbush Rating: Neutral Old Target: $20.00 New Target: $25.00 Maintain
19/08/2016 Broker: Citigroup Rating: Neutral Old Target: $24.00 New Target: $27.00 Maintain
20/05/2016 Broker: Jefferies Rating: Buy Old Target: $28.00 New Target: $26.00 Maintain
20/05/2016 Broker: Wedbush Rating: Neutral Old Target: $19.00 New Target: $20.00 Maintain
About 3.81 million shares traded hands. Gap Inc (NYSE:GPS) has declined 0.63% since February 8, 2016 and is downtrending. It has underperformed by 17.11% the S&P500.
The Gap, Inc. is an apparel retail company. The company has a market cap of $9.43 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 13.1 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.
The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.08, from 1.03 in 2016Q1. The ratio improved, as 67 funds sold all Gap Inc shares owned while 109 reduced positions. 56 funds bought stakes while 140 increased positions. They now own 219.06 million shares or 4.71% less from 229.88 million shares in 2016Q1.
Hall Kathryn A. holds 94.68% of its portfolio in Gap Inc for 3.39 million shares. Rbs Partners L.P. owns 3.43 million shares or 7.15% of their US portfolio. Moreover, Jasper Ridge Partners L.P. has 2.76% invested in the company for 1.86 million shares. The New York-based Euclidean Technologies Management Llc has invested 1.94% in the stock. Denali Advisors Llc, a California-based fund reported 415,500 shares.
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