Gap, Inc. (The) (GPS) Short Interest Update

Gap, Inc. (The) (NYSE:GPS) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 29,151,292 shares, an increase of 27.0% from the October 13th total of 22,947,918 shares. Approximately 13.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,661,206 shares, the days-to-cover ratio is currently 5.1 days.

Gap, Inc. (GPS) opened at $26.72 on Tuesday. The firm has a market cap of $10,678.48, a PE ratio of 13.28, a P/E/G ratio of 1.65 and a beta of 0.86. Gap, Inc. has a 12 month low of $21.02 and a 12 month high of $30.74. The company has a quick ratio of 0.92, a current ratio of 1.77 and a debt-to-equity ratio of 0.42.

Gap, Inc. (The) (NYSE:GPS) last issued its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.06. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. Gap, Inc. (The)’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. equities analysts anticipate that Gap, Inc. will post 2.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Tuesday, January 2nd. Gap, Inc. (The)’s dividend payout ratio is presently 43.81%.

GPS has been the subject of a number of research reports. Zacks Investment Research upgraded Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Monday, September 11th. ValuEngine lowered Gap, Inc. (The) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Citigroup Inc. upgraded Gap, Inc. (The) from a “sell” rating to a “neutral” rating and upped their target price for the stock from $22.00 to $24.00 in a report on Friday, September 1st. Instinet restated a “neutral” rating and set a $25.00 target price on shares of Gap, Inc. (The) in a report on Sunday, August 20th. Finally, Credit Suisse Group upgraded Gap, Inc. (The) from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $23.00 to $30.00 in a report on Tuesday, September 19th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $26.86.

In related news, CEO Jeff Kirwan sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $29.38, for a total value of $29,380.00. Following the completion of the sale, the chief executive officer now owns 25,268 shares in the company, valued at $742,373.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Sydney Fisher sold 666,849 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $27.99, for a total value of $18,665,103.51. Following the completion of the sale, the director now owns 12,237,873 shares of the company’s stock, valued at approximately $342,538,065.27. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 676,682 shares of company stock worth $18,906,180. Insiders own 27.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Gap, Inc. (The) by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,354 shares of the apparel retailer’s stock worth $360,000 after purchasing an additional 80 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Gap, Inc. (The) by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the apparel retailer’s stock worth $301,000 after purchasing an additional 200 shares in the last quarter. State Treasurer State of Michigan lifted its stake in Gap, Inc. (The) by 0.4% in the 2nd quarter. State Treasurer State of Michigan now owns 72,346 shares of the apparel retailer’s stock worth $1,591,000 after purchasing an additional 300 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Gap, Inc. (The) by 2.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 18,320 shares of the apparel retailer’s stock worth $402,000 after purchasing an additional 380 shares in the last quarter. Finally, Morningstar Investment Services LLC lifted its stake in Gap, Inc. (The) by 2.0% in the 2nd quarter. Morningstar Investment Services LLC now owns 21,998 shares of the apparel retailer’s stock worth $484,000 after purchasing an additional 424 shares in the last quarter. 56.78% of the stock is currently owned by institutional investors and hedge funds.

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Gap, Inc. (The) Company Profile

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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