16.42 % to Target, Credit Suisse Reconfirms ‘”Neutral”’ Rating on Gap (NYSE:GPS) Shares Today

May 25, 2018 - By Linda Rogers

The Gap, Inc. (NYSE:GPS) Logo

Investors sentiment increased to 0.98 in 2017 Q4. Its up 0.02, from 0.96 in 2017Q3. It improved, as 37 investors sold The Gap, Inc. shares while 153 reduced holdings. 73 funds opened positions while 113 raised stakes. 208.71 million shares or 2.18% more from 204.26 million shares in 2017Q3 were reported.

Arizona State Retirement holds 0.02% or 55,171 shares in its portfolio. Natixis owns 36,598 shares. Norinchukin Fincl Bank The invested in 0.01% or 18,860 shares. 162,258 are held by Glg Partners Ltd Partnership. Ontario Teachers Pension Plan Board stated it has 0.03% of its portfolio in The Gap, Inc. (NYSE:GPS). Glenmede Trust Company Na invested 0% of its portfolio in The Gap, Inc. (NYSE:GPS). California-based Gemmer Asset Ltd Liability has invested 0.01% in The Gap, Inc. (NYSE:GPS). Covington Cap reported 500 shares. Legal & General Grp Public Limited Company holds 0.04% or 1.44 million shares. Citadel Advisors Ltd has 391,148 shares. Employees Retirement Sys Of Texas reported 202,000 shares. Pinebridge Ltd Partnership has invested 0.01% of its portfolio in The Gap, Inc. (NYSE:GPS). Tradewinds Capital Ltd Co reported 0% of its portfolio in The Gap, Inc. (NYSE:GPS). Proshare Advsr Limited Liability Company reported 60,575 shares. Wells Fargo & Mn holds 1.87M shares.

Since February 1, 2018, it had 1 buy, and 11 selling transactions for $57.85 million activity. The insider Hyder Brent sold 5,839 shares worth $192,921. Shares for $15.64 million were sold by FISHER ROBERT J on Tuesday, April 3. On Wednesday, March 21 Chapman Paul Joseph sold $2.53 million worth of The Gap, Inc. (NYSE:GPS) or 78,325 shares. $954,780 worth of The Gap, Inc. (NYSE:GPS) was sold by Syngal Sonia on Thursday, March 8. Kirwan Jeff had sold 50,000 shares worth $1.63 million. GOLDNER BRIAN bought $168,742 worth of stock or 5,000 shares.

Gap (NYSE:GPS) Rating Reaffirmed

Stock analysts at Credit Suisse now has a $33 target on Gap (NYSE:GPS). Credit Suisse and their recent target would suggest a potential upside of 16.42 % from the company’s last price. The rating has been released in an analyst report on 25 May.

The Gap, Inc. (NYSE:GPS) Ratings Coverage

Among 17 analysts covering Gap (NYSE:GPS), 2 have Buy rating, 1 Sell and 14 Hold. Therefore 12% are positive. Gap has $48.0 highest and $23 lowest target. $33.33’s average target is 17.59% above currents $28.345 stock price. Gap had 23 analyst reports since November 30, 2017 according to SRatingsIntel. As per Friday, March 2, the company rating was maintained by Wells Fargo. The firm earned “Hold” rating on Friday, February 2 by SunTrust. The stock has “Hold” rating by FBR Capital on Friday, March 2. Cowen & Co maintained the stock with “Hold” rating in Wednesday, April 18 report. On Thursday, December 21 the stock rating was maintained by Robert W. Baird with “Hold”. The rating was maintained by Barclays Capital with “Overweight” on Friday, March 2. The stock of The Gap, Inc. (NYSE:GPS) has “Hold” rating given on Monday, February 26 by Deutsche Bank. Jefferies maintained The Gap, Inc. (NYSE:GPS) rating on Monday, December 18. Jefferies has “Buy” rating and $45.0 target. The rating was maintained by Robert W. Baird on Friday, March 2 with “Neutral”. The firm earned “Market Perform” rating on Friday, March 2 by BMO Capital Markets.

The stock decreased 13.98% or $4.605 during the last trading session, reaching $28.345. About 18.45M shares traded or 299.43% up from the average. The Gap, Inc. (NYSE:GPS) has risen 31.10% since May 25, 2017 and is uptrending. It has outperformed by 19.55% the S&P500.

The Gap, Inc. operates as an apparel retail firm worldwide. The company has market cap of $11.04 billion. It provides 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 13.25 P/E ratio. The companyÂ’s products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, and sports to women and girls.

More notable recent The Gap, Inc. (NYSE:GPS) news were published by: Forbes.com which released: “Higher Consumer Spending To Benefit Gap Inc. In The First Quarter” on May 22, 2018, also Benzinga.com with their article: “26 Stocks Moving In Friday’s Pre-Market Session” published on May 25, 2018, 247Wallst.com published: “Why Gap Still Has Too Many Stores” on May 25, 2018. More interesting news about The Gap, Inc. (NYSE:GPS) were released by: Bizjournals.com and their article: “Slanted Door headlines new restaurants, retailers headed for East Bay’s Bishop Ranch” published on May 21, 2018 as well as Benzinga.com‘s news article titled: “Holiday Weekend Ahead After Another Course Of Retail Earnings, Geopolitics” with publication date: May 25, 2018.

The Gap, Inc. (NYSE:GPS) Institutional Positions Chart

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