Gap (GPS) Given News Sentiment Rating of 0.19
News stories about Gap (NYSE:GPS) have been trending somewhat positive this week, according to AlphaOne. AlphaOne, a service of Accern, scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gap earned a news impact score of 0.19 on AlphaOne’s scale. AlphaOne also assigned press coverage about the apparel retailer an impact score of 76 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Alpha One Sentiment Analysis’s analysis:
- Gap Inc (GPS) Earns “Hold” Rating from BMO Capital Markets (americanbankingnews.com)
- Wal-Mart seeks online fashion presence through acquisitions (finance.yahoo.com)
- Stock Traders Buy Large Volume of Put Options on Gap (GPS) (americanbankingnews.com)
- Gap, Inc. breached its 50 day moving average in a Bearish Manner : GPS-US : April 14, 2017 (finance.yahoo.com)
- Gap, Inc. : GPS-US: Dividend Analysis : April 05th, 2017 (record date) : By the numbers : April 13, 2017 (finance.yahoo.com)
Gap (NYSE:GPS) traded up 0.13% on Tuesday, reaching $23.92. 3,303,216 shares of the company’s stock were exchanged. Gap has a 1-year low of $17.00 and a 1-year high of $30.74. The firm has a 50-day moving average price of $23.99 and a 200-day moving average price of $24.73. The company has a market capitalization of $9.56 billion, a P/E ratio of 14.15 and a beta of 0.99. Gap also was the recipient of some unusual options trading activity on Monday. Traders bought 474 put options on the company. This is an increase of 331% compared to the average volume of 110 put options.
Gap (NYSE:GPS) last posted its earnings results on Thursday, February 23rd. The apparel retailer reported $0.51 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.51. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.39 billion. Gap had a net margin of 4.33% and a return on equity of 32.19%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. Equities research analysts expect that Gap will post $1.99 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 5th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Monday, April 3rd. Gap’s dividend payout ratio (DPR) is 55.09%.
GPS has been the topic of several research reports. Wedbush cut their price objective on shares of Gap from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, February 24th. Vetr lowered shares of Gap from a “strong-buy” rating to a “buy” rating and set a $26.42 price objective on the stock. in a report on Tuesday, January 10th. Royal Bank of Canada reissued a “hold” rating and set a $27.00 price objective on shares of Gap in a report on Thursday, January 5th. FBR & Co reissued a “market perform” rating and set a $28.00 price objective on shares of Gap in a report on Tuesday, February 7th. Finally, Zacks Investment Research raised shares of Gap from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Wednesday, January 25th. Four investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $25.05.
In related news, Director Robert J. Fisher sold 500,000 shares of the stock in a transaction on Friday, March 31st. The shares were sold at an average price of $24.58, for a total value of $12,290,000.00. Following the transaction, the director now directly owns 8,867,728 shares of the company’s stock, valued at approximately $217,968,754.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Andi Owen sold 38,278 shares of the stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $23.97, for a total transaction of $917,523.66. Following the completion of the transaction, the insider now directly owns 30,778 shares in the company, valued at $737,748.66. The disclosure for this sale can be found here. Company insiders own 30.00% of the company’s stock.
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.
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