GAP (GPS) Receiving Somewhat Favorable Press Coverage, Report Finds
News coverage about GAP (NYSE:GPS) has trended somewhat positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GAP earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the apparel retailer an impact score of 47.3043074482002 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Kawasaki Frontale close gap to leaders Sanfrecce Hiroshima (usatoday.com)
- How “Crazy Rich” Asians Have Led to the Largest Income Gap in the U.S. (nytimes.com)
- $3.99 Billion in Sales Expected for Gap Inc (GPS) This Quarter (americanbankingnews.com)
- Gap Inc (GPS) to Issue $0.24 Quarterly Dividend (americanbankingnews.com)
- Gap expands job training program (bizjournals.com)
A number of equities analysts have recently issued reports on GPS shares. Zacks Investment Research downgraded shares of GAP from a “hold” rating to a “sell” rating in a report on Monday, June 4th. SunTrust Banks cut their price target on shares of GAP to $29.00 and set a “hold” rating for the company in a report on Friday, May 25th. Deutsche Bank cut their price target on shares of GAP from $34.00 to $33.00 and set a “hold” rating for the company in a report on Friday, May 25th. ValuEngine upgraded shares of GAP from a “hold” rating to a “buy” rating in a report on Thursday, May 24th. Finally, Barclays set a $39.00 price target on shares of GAP and gave the company a “buy” rating in a report on Sunday, May 27th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $32.72.
GAP (NYSE:GPS) last issued its quarterly earnings data on Thursday, May 24th. The apparel retailer reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.04). The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.60 billion. GAP had a net margin of 5.36% and a return on equity of 28.04%. GAP’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. equities research analysts expect that GAP will post 2.59 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th will be paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 3.10%. GAP’s dividend payout ratio is currently 45.54%.
In other GAP news, Director William Sydney Fisher sold 1,000,000 shares of the firm’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $32.37, for a total transaction of $32,370,000.00. Following the sale, the director now directly owns 10,760,396 shares of the company’s stock, valued at approximately $348,314,018.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 30.60% of the stock is owned by company insiders.
GAP Company Profile
Gap, Inc operates as a global apparel retail company. It offers apparel, accessories, and personal care products for men, women and children. The company operates through segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Intermix. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody and GapFit collections.
Further Reading: Investing in Dividend Stocks
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