The fund owned 148,413 shares of the apparel retailer's stock after selling 38,406 shares during the period. Chevy Chase Trust Holdings Inc. boosted its position in shares of Gap, Inc. (The) were worth $3,264,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Sectoral Asset Management Inc owns 251,416 shares or 3.14% of their USA portfolio. First Interstate Fincl Bank invested in 0.01% or 1,207 shares. Stephens Inc. AR now owns 14,596 shares of the apparel retailer's stock worth $355,000 after buying an additional 59 shares during the last quarter. Yorktown Management & Research Co Inc bought a new position in Gap, Inc. (The) during the first quarter worth approximately $211,000. (The) by 67.8% in the first quarter. The company's revenue was down 1.4% compared to the same quarter a year ago. Institutional investors and hedge funds own 57.30% of the company's stock. DnB Asset Management AS boosted its stake in shares of Gap, Inc. (NYSE:GPS) opened at 23.15 on Friday.
Oppenheimer now has a $28.0 TP on the $8.98B market cap company or 18.24 % upside potential. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 11.17.
Shares last traded at $22.65 just a bit lower than the 50 day moving average of $23.13 and marginally under the 200 day moving average of $23.68.
Gap, (The) (NYSE:GPS) previously released its fiscal periodic earnings information on Early Thur, Aug 17th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.52 by $0.06.
The clothing chain posted revenue of $3.8 billion in the period, which also beat Street forecasts. During the same period in the prior year, the company earned $0.60 EPS. Over the trailing year, the stock is underperforming the S&P 500 by 23.94, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange.
The Gap, Inc. (GPS) has been given an average price target of $25.28 from analysts, according to data collected by Finviz.
Gap, Inc. (The) recently declared a dividend for shareholders that will be paid on Wednesday October 25th, 2017. Traders who own the stock with a record date on Wed, Oct 4th will be given a $0.23 dividend. this indicates a $0.92 annual dividend and a payout of of 4.06%. That represents a quarterly year/year change in revenues of 0.00 in sequential terms, the Global Positioning System saw sales decline by -0.22. The legal version of this piece of content can be viewed at https://baseballnewssource.com/markets/oppenheimer-holdings-inc-analysts-give-gap-inc-the-gps-a-28-00-price-target/1497619.html.
NY raised its position in shares of Gap, Inc. "(The) (GPS)" was first published by Rincon Hill News and is the property of of Rincon Hill News. If you are accessing this report on another publication, it was stolen and republished in violation of United States & worldwide copyright laws. Royal Bank Of Canada reaffirmed a "hold" rating and issued a $26.00 price objective on shares of Gap, Inc. Farmers And Merchants Invests Incorporated reported 0% in Gap Inc (NYSE:GPS). Piper Jaffray upgraded ABIOMED, Inc. (The) from a "sell" rating to a "hold" rating in a report on Tuesday, June 13th.
President & CEO, Gap Jeff Kirwan disclosed the sale of 5,000 shares of (GPS). (The) and gave the stock a "buy" rating in a report on Wednesday. Lastly, Jefferies fixed a $34.00 target price on the stock of Gap, (The) and issued the shares a "buy" recommendation in a analysis report on early Thur, May 4th.
According to Zacks, "Gap has outperformed the industry in the past six months as its turnaround efforts are well on track". (The) from a "sell" rating to a "hold" rating and set a $24.84 price objective for the company in a research note on Monday, May 15th. Finally, ValuEngine cut Gap, Inc. Stifel Nicolaus maintained it with "Buy" rating and $32 target in Friday, November 20 report. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $25.67.
The Gap, Inc (Gap Inc) is an apparel retail company. The Firm offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. The Business's products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.