Gap (GPS) Earns Daily Coverage Optimism Rating of 0.09

Media headlines about Gap (NYSE:GPS) have been trending somewhat positive recently, according to AlphaOne. The research group, a service of Accern, identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Gap earned a news impact score of 0.09 on AlphaOne’s scale. AlphaOne also assigned media coverage about the apparel retailer an impact score of 76 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the near term.

Here are some of the headlines that may have impacted Alpha One Sentiment Analysis’s analysis:

Gap (NYSE:GPS) traded up 0.39% during mid-day trading on Friday, hitting $25.52. 2,803,647 shares of the stock were exchanged. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 15.10 and a beta of 0.99. Gap has a 52-week low of $17.00 and a 52-week high of $30.74. The stock has a 50 day moving average of $23.96 and a 200-day moving average of $24.74.

Gap (NYSE:GPS) last issued its earnings results on Thursday, February 23rd. The apparel retailer reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. Gap had a return on equity of 32.19% and a net margin of 4.33%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter last year, the company earned $0.57 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts predict that Gap will post $1.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Monday, April 3rd. Gap’s dividend payout ratio (DPR) is presently 55.09%.

Several equities analysts recently commented on the stock. Vetr cut shares of Gap from a “buy” rating to a “hold” rating and set a $24.84 price objective for the company. in a research note on Thursday. Jefferies Group LLC reaffirmed a “buy” rating and set a $36.00 price objective on shares of Gap in a research note on Tuesday, February 7th. MKM Partners reaffirmed a “neutral” rating and set a $28.00 price objective on shares of Gap in a research note on Tuesday, February 7th. FBR & Co reissued a “market perform” rating and issued a $28.00 price target (up previously from $22.00) on shares of Gap in a research note on Wednesday, December 28th. Finally, JPMorgan Chase & Co. raised shares of Gap from an “underweight” rating to a “neutral” rating and set a $24.00 price target for the company in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.15.

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In related news, insider Andi Owen sold 38,278 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $23.97, for a total transaction of $917,523.66. Following the transaction, the insider now owns 30,778 shares in the company, valued at approximately $737,748.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Fisher sold 500,000 shares of the firm’s stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of $24.58, for a total value of $12,290,000.00. Following the transaction, the director now owns 8,867,728 shares in the company, valued at approximately $217,968,754.24. The disclosure for this sale can be found here. 30.00% of the stock is currently owned by company insiders.

About Gap

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.

5 Day Chart for NYSE:GPS

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