GAP (GPS) Receiving Somewhat Favorable Media Coverage, Report Finds

Media stories about GAP (NYSE:GPS) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. GAP earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news stories about the apparel retailer an impact score of 48.2532910587372 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Several brokerages have issued reports on GPS. Deutsche Bank lowered their price target on shares of GAP from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Friday. Credit Suisse Group lowered their price target on shares of GAP from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday. Deutsche Bank lowered their price target on shares of GAP from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Friday. SunTrust Banks lowered their price target on shares of GAP to $29.00 and set a “hold” rating on the stock in a report on Friday. Finally, ValuEngine raised shares of GAP from a “hold” rating to a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $32.88.

NYSE GPS traded down $4.80 on Friday, hitting $28.15. 25,837,800 shares of the company were exchanged, compared to its average volume of 5,088,411. The company has a market cap of $12.45 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.53 and a beta of 0.84. The company has a quick ratio of 1.04, a current ratio of 1.86 and a debt-to-equity ratio of 0.40. GAP has a 1-year low of $21.02 and a 1-year high of $35.68.

GAP (NYSE:GPS) last issued its quarterly earnings results on Thursday, May 24th. The apparel retailer reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.04). The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.60 billion. GAP had a return on equity of 28.13% and a net margin of 5.35%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. equities analysts expect that GAP will post 2.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 1st. Investors of record on Wednesday, July 11th will be given a dividend of $0.2425 per share. The ex-dividend date is Tuesday, July 10th. This represents a $0.97 annualized dividend and a yield of 3.45%. GAP’s dividend payout ratio (DPR) is 45.54%.

In related news, CEO Jeff Kirwan sold 101,820 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $33.73, for a total transaction of $3,434,388.60. Following the transaction, the chief executive officer now owns 101,820 shares in the company, valued at approximately $3,434,388.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Dara Bazzano sold 4,066 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $34.00, for a total transaction of $138,244.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,770,425 shares of company stock worth $57,824,673. 27.30% of the stock is owned by corporate insiders.

About GAP

The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, and Intermix brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.

Insider Buying and Selling by Quarter for GAP (NYSE:GPS)

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