Gap shares climb after profit exceeds expectations

The sign for a Gap store is seen on 5th avenue in midtown Manhattan in New York

The sign for a Gap store is seen on 5th avenue in midtown Manhattan in New York

The Duncker Streett & Company Inc holds 6,211 shares with $967,000 value, down from 9,156 last quarter.

"A$3 lthough the company shuffles around and adds on to its design teams, since the 2012 color cycle, comp execution across the portfolio has been inconsistent (particularly at the Gap and Banana Republic brand), and traffic volatility out of key earner Old Navy suggests potential margin pressure to the extent that the Gap and Banana Republic turnarounds fail to resonate", the note said. They now have a Dollars 24 price target on the stock. Three equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. (NYSE:GPS) stock may see increased volatility following the report. The stock observed 52-week high on 11/17/16 and 52-week low on 05/19/16.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Gap Inc (NYSE:GPS) high price target of $34 and with a conservative view have low price target of $20. The stock has a 50 day moving average of $24.97 and a 200-day moving average of $24.74. Topeka Capital Markets maintained the stock with "Buy" rating in Friday, October 9 report. Gap also saw some unusual options trading on Thursday. The California-based Jasper Ridge Partners L.P. has invested 2.89% in the stock. This is an increase of approximately 695% compared to the typical volume of 3,964 put options.

Gap Inc (NYSE:GPS) is expected to release the earnings of its current quarter on 5/18/17 After Market Close.

Beat earnings estimates. The company reported diluted earnings of 36 cents per share, surpassing the Zacks Consensus Estimate of 29 cents per share.

Revenue was flat at $3.44 billion. The firm's revenue was up.1% compared to the same quarter past year. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E ratio. Analysts, on average, were expecting $0.59 per share, and the company reported EPS of $0.60 - amounting to a positive surprise of 2.37%. Shareholders of record on Wednesday, July 5th will be issued a dividend of $0.23 per share.

On 11/10/2016 announced a quarterly dividend of $0.23 3.16% with an ex dividend date of 12/30/2016 which will be payable on 1/4/2017. Gap's payout ratio is presently 55.09%.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Stock Observer and is owned by of Stock Observer. If you are viewing this story on another publication, it was copied illegally and reposted in violation of USA & worldwide trademark and copyright laws. The original version of this article can be accessed at $12.29M worth of stock was sold by FISHER ROBERT J on Thursday, March 30. The company's shares traded on stronger-than-usual volume today: $12.84M shares changed hands while the stock's average volume is 5.32M shares per day. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeff Kirwan sold 5,000 shares of Gap stock in a transaction on Tuesday, May 16th. The stock has "Underperform" rating by Bank of America on Wednesday, September 30.

Gap ended fiscal first quarter with cash and cash equivalents of $1,583 million, long-term debt of $1,248 million, and total shareholders' equity of $2,862 million. ARP Americas LLC bought a new stake in shares of Gap during the fourth quarter valued at approximately $227,000.

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