GAP (GPS) Earning Somewhat Favorable News Coverage, Analysis Finds

News stories about GAP (NYSE:GPS) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. GAP earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the apparel retailer an impact score of 44.8710008440886 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

Shares of GAP (NYSE:GPS) traded up $0.68 during mid-day trading on Friday, reaching $33.87. The company’s stock had a trading volume of 4,803,321 shares, compared to its average volume of 4,679,633. GAP has a one year low of $21.02 and a one year high of $35.24. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 1.73. The firm has a market capitalization of $13,170.00, a P/E ratio of 15.54, a PEG ratio of 1.94 and a beta of 0.94.

GAP (NYSE:GPS) last announced its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.76 billion. GAP had a return on equity of 27.47% and a net margin of 5.57%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. sell-side analysts expect that GAP will post 2.1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be paid a $0.23 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. GAP’s payout ratio is 42.20%.

GPS has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $26.00 price objective on shares of GAP in a research report on Monday, September 18th. Credit Suisse Group raised shares of GAP from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $23.00 to $30.00 in a research report on Tuesday, September 19th. Telsey Advisory Group raised their price objective on shares of GAP from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Tuesday, September 19th. Barclays initiated coverage on shares of GAP in a research report on Tuesday, September 19th. They set an “overweight” rating and a $32.00 price objective on the stock. Finally, Zacks Investment Research raised shares of GAP from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Thursday, September 21st. Three equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. GAP presently has a consensus rating of “Hold” and a consensus target price of $28.37.

In other news, CEO Jeff Kirwan sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $26.11, for a total value of $26,110.00. Following the sale, the chief executive officer now owns 24,268 shares in the company, valued at $633,637.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Dara Bazzano sold 1,593 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $30.04, for a total transaction of $47,853.72. Following the completion of the sale, the vice president now owns 2,866 shares in the company, valued at approximately $86,094.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,549,690 shares of company stock worth $48,798,813. 27.30% of the stock is currently owned by corporate insiders.

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About GAP

The Gap, Inc (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, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

Insider Buying and Selling by Quarter for GAP (NYSE:GPS)

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