Gap Inc (GPS) was Reiterated by Mizuho to “Neutral” while Lowering the Price Target of the company shares to $ 25 from a previous price target of $27 . Mizuho advised their Clients and Investors in a research report released on Feb 7, 2017.
On the company’s financial health, Gap Inc reported $0.60 EPS for the quarter, based on the information available during the earnings call on Nov 17, 2016. Analyst had a consensus estimate of $0.60. The company had revenue of $3798.00 million for the quarter, compared to analysts expectations of $3730.39 million. The company’s revenue was down -1.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 EPS.
Several company insiders have filed Insider transactions , on Nov 23, 2016, Jeff Kirwan (President) sold 11,406 shares at $25.37 per share price. According to the SEC, on Nov 23, 2016, Paul Joseph Chapman (EVP, CIO) sold 6,764 shares at $24.99 per share price. On Mar 21, 2016, Andi Owen (Global Pres., Banana Republic) sold 11,381 shares at $30.19 per share price, according to the Form-4 filing with the securities and exchange commission.
Gap Inc opened for trading at $24.1 and hit $24.65 on the upside on Friday, eventually ending the session at $24.36, with a gain of 1.63% or 0.39 points. The heightened volatility saw the trading volume jump to 60,18,798 shares. Company has a market cap of $9,717 M.
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.