Gap, Inc. (The) (NYSE:GPS).
On August 15 FBR Capital left the company rating at “Neutral” but moved down the price target from $28.00 to $25.00. On June 5 the company was upgraded to “Outperform” from “Perform” in an announcement from Oppenheimer.
The company is up by 0.14%% since yesterday’s close of 27.94. Gap, Inc. (The) recently announced a dividend for shareholders to be paid on Wednesday October 25th, 2017. The dividend will be $0.230 per share for the quarter or $0.92 annualized. This dividend amount will represent a yield of $3.29. The ex-dividend date is Friday the 30th of June 2017.
Shares are trading at $27.98 a great deal higher than the 50 day moving average of $24.44 and much higher than the 200 day moving average of $23.86. The 50 day moving average moved up $3.54 and the 200 day average was up $4.12.
The Gap, Inc. (Gap Inc.), launched on April 15, 1988, 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. The Business’s products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services. In addition to operating in the specialty, outlet, online and franchise channels, it also use the Business’s omni-channel capabilities to bridge the digital world and physical stores. The Business’s omni-channel services, including order-in-store, reserve-in-store, find-in-store and ship-from-store that are tailored across its portfolio of brands. The Company also sells products that are designed and manufactured by branded third-parties, especially at its Intermix brands. Gap Inc. has Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China, Hong Kong, Taiwan, and Mexico. It operates Gap, Banana Republic and Old Navy stores throughout Asia, Australia, Europe, Latin America, the Middle East and Africa..
Gap, Inc. (The)’s P/E ratio is 13.33 and market capitalization is 10.97B. As of the latest earnings report the EPS was $2.10 and is expected to be $2.06 for the current year with 392,158,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.57 and the next full year EPS is anticipated to be $2.12.
Investors are feeling more bearish on Gap, Inc. (The) recently at least if you consider the motion in short interest. The company saw a rise in short interest of 0.86% as of the latest report on August 31, 2017. Short interest increased 268,380 over that period. With short interest at 31,492,971 and short average daily volume at 6,287,300, days to cover is 5.0 and the percentage of shorted shares was 0.08% on August 31.