Gap (The) (GPS) : The most positive equity analysts on Gap (The) (GPS) expects the shares to touch $33, whereas, the least positive believes that the stock will trade at $16 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $20.84 with an expected fluctuation of $3.95 from the mean.
Gap (The) (GPS) reported a rise of 2.3% or 768,448 shares in its short interest. The short figure came in at 15.3% of the total floats. The average daily volume of 7,139,098 shares suggests that the days to cover 33,471,113 short positions, as on June 30,2016, will be 5. On June 15,2016, the short interest was 32,702,665 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity analysts at the Brokerage firm Wolfe Research upgrades its rating on Gap (The) (NYSE:GPS). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Peer Perform by the brokerage firm. The rating by the firm was issued on June 17, 2016.
Gap (The) (NYSE:GPS): On Thursdays trading session , Opening price of the stock was $23.49 with an intraday high of $23.54. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.14. However, the stock managed to close at $23.21, a loss of 0.30% for the day. On the previous day, the stock had closed at $23.28. The total traded volume of the day was 4,070,572 shares.
The 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, Piperlime, Athleta and Intermix brands. In addition to operating in the specialty, outlet, online and franchise channels, Gap Inc. is an apparel retailer in using omni-channel capabilities for digital world and physical stores. Its omni-channel services include order-in-store, reserve-in-store, find-in-store and ship-from-store that are tailored across its portfolio of brands. Gap includes GapKids, babyGap, GapMaternity, GapBody and GapFit collections. It also offers handbags, shoes, jewelry, eyewear and personal care products, among others. It has Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China and Hong Kong. It operates Gap, Banana Republic and Old Navy stores throughout Asia, Australia, Europe, Latin America, the Middle East and Africa.