Gap shares climb after profit exceeds expectations

Share

The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Gap Inc (NYSE:GPS) was the target of unusually large options trading activity on Monday. Euclidean Technology Management Ltd Company has invested 1.92% in Gap Inc (NYSE:GPS). Market capitalization (market cap) is the total dollar market value of all of a company's outstanding shares. The stock has a 50 day moving average of $24.97 and a 200-day moving average of $24.74. Gap also saw some unusual options trading on Thursday. (NYSE:GPS) puts the stock on today's active list. This is an increase of approximately 331% compared to the average daily volume of 110 put options.

Gap's report added a bit more good news to a day that saw retail giant Wal-Mart also post a good earnings report. The Return on Equity ratio of The Gap, Inc.

The company's expected revenue in the current quarter to be 3.8 Billion, seeing a projected current quarter growth of -6.7%, and per annum growth estimates over the next 5 year period of around 6.71%. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The apparel retailer reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.07. The analysts estimated EPS for the higher end at 0.59 and lower end at 0.52 while the year ago reported earnings per share was 0.51.

The stock decreased 3.82% or $0.25 during the last trading session, reaching $6.3. Gap's dividend payout ratio is 55.09%.

WARNING: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another publication, it was copied illegally and reposted in violation of US & global trademark and copyright laws.

Gap Inc (NYSE:GPS)'s trailing twelve month revenues are $15.52 Billion, whereas its price to sales ratio for the same period is 0.61. Private Advisor Group LLC now owns 10,547 shares of the apparel retailer's stock worth $250,000 after buying an additional 1,378 shares in the last quarter.

More news: Billionaire Usmanov made $1.3 bln offer for control of Arsenal

03/08/2017 - Guggenheim began new coverage on Gap, Inc. The stock has "Market Perform" rating by FBR Capital on Tuesday, September 1.

The company's shares were up 4.5 per cent at US$24.24 in after-market trading on Thursday. Finally, TheStreet raised shares of Gap from a "c" rating to a "b-" rating in a report on Thursday, April 20th.

Based on the latest notes released to investors, 2 analysts have issued a rating of "buy", 1 analysts "outperform", 20 analysts "hold", 3 analysts "underperform" and 3 analysts "sell". Finally, Wedbush boosted their price objective on shares of Gap from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 7th.

Several equities research analysts have recently commented on the stock.

Shares of Gap climbed as much as almost 6% in after-market trading. ARP Americas LLC bought a new stake in shares of Gap during the fourth quarter valued at approximately $227,000. The correct version of this article can be viewed at https://baseballnewssource.com/markets/xact-kapitalforvaltning-ab-has-664000-position-in-gap-inc-gps/798207.html.

During last 5 trades the stock sticks nearly -6.89%.

Earlier in the day, Ralph Lauren Corp reported its ninth straight fall in quarterly sales at established stores, and on Wednesday American Eagle Outfitters Inc forecast second-quarter profit below estimates.

Share