Gap shares climb after profit exceeds expectations

Gap shares climb after profit exceeds expectations

In the quarter ending July 2016, The Gap, Inc. delivered an even larger earnings beat. Traders purchased 31,496 put options on the company. This is an increase of 695% compared to the typical volume of 3,964 put options.

In related news, Director Robert J. Fisher sold 500,000 shares of Gap stock in a transaction on Friday, March 31st. The share price is trading in a range of $24.25 - 25.02. Institutional investors own 57.87% of the company's stock. 11,406 shares were sold by Kirwan Jeff, worth $289,484.

While arriving at a price target, analysts and investors alike use various metrics to determine where the stock might be directed. Following the sale, the director now owns 8,867,728 shares of the company's stock, valued at approximately $217,968,754.24.

A number of equities analysts have weighed in on Global Positioning System shares. It worsened, as 46 investors sold Gap Inc shares while 142 reduced holdings. Insiders own 30.00% of the company's stock. Victory Cap stated it has 0.01% of its portfolio in Gap Inc (NYSE:GPS). Credit Suisse AG now owns 731,016 shares of the apparel retailer's stock valued at $17,757,000 after buying an additional 85,918 shares during the period.

Saba Capital Management Lp increased Tenet Healthcare Corp (NYSE:THC) stake by 119,605 shares to 173,095 valued at $2.57M in 2016Q4. Gotham Asset Management LLC raised its stake in shares of Gap by 16.1% in the first quarter. The firm owned 91,930 shares of the apparel retailer's stock after selling 894 shares during the period. You can get a sense of how sustainable that is by a levered free cash flow of $1.2 Billion over the past twelve months.

Gap (NYSE:GPS) traded down 3.92% during midday trading on Thursday, reaching $22.28. The company's shares rose 6.4%, while the industry witnessed a decline of 18.3%.

The Gap, Inc. (Gap Inc.) is an apparel retail company. The Price to Sales (P/S) ratio of the stock is 0.65, while P/B (Price to Book) stands at 3.45. The company's 50 day moving average is $24.97 and its 200 day moving average is $24.74.

Xact Kapitalforvaltning AB maintained its stake in shares of Gap Inc (NYSE:GPS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The analysts estimated EPS for the higher end at 0.59 and lower end at 0.52 while the year ago reported earnings per share was 0.51. The Return on Equity ratio of The Gap, Inc.

Revenue was flat at $3.44 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share.

EPS in next five year years is expected to touch 6.71% while EPS growth in past 5 year was 1.60% along with sales growth of 1.30% in the last five years.

The company ended seven straight quarters of sales declines in the fourth quarter, with sales rising one per cent. This represents a $0.92 annualized dividend and a dividend yield of 3.97%.

On 5/18/2017 announced a quarterly dividend of $0.23 with an ex dividend date of which will be payable on 7/5/2017. Gap's dividend payout ratio (DPR) is 55.09%.

"We are pleased with our positive comp and earnings growth this quarter", said Art Peck, president and chief executive officer, Gap Inc.

During the quarter, the company generated cash flow from operations of $91 million and incurred capital expenditure of $110 million. Finally, MKM Partners restated a "neutral" rating and set a $28.00 price objective on shares of Gap in a report on Tuesday, February 7th.

The Gap, Inc. was covered by a number of analysts recently, 2 rated the stock as Buy, 1 rated Outperform, 20 rated Hold, 3 gave an Underperform and 3 rated sell.

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