Gap (GPS) Reaches $26.81 After 8.00% Up Move; Bank Of The West Has Raised Its E Trade Financial (ETFC) Holding

November 15, 2017 - By Peter Erickson

The stock of Gap Inc (NYSE:GPS) is a huge mover today! About 769,077 shares traded. Gap Inc (NYSE:GPS) has risen 28.94% since November 15, 2016 and is uptrending. It has outperformed by 12.24% the S&P500.The move comes after 7 months positive chart setup for the $10.51B company. It was reported on Nov, 15 by Barchart.com. We have $28.95 PT which if reached, will make NYSE:GPS worth $840.80M more.

Bank Of The West increased E Trade Financial Corp (ETFC) stake by 179.86% reported in 2017Q2 SEC filing. Bank Of The West acquired 31,109 shares as E Trade Financial Corp (ETFC)’s stock declined 8.39%. The Bank Of The West holds 48,405 shares with $1.84M value, up from 17,296 last quarter. E Trade Financial Corp now has $11.80 billion valuation. The stock declined 0.23% or $0.1 reaching $43.77 on the news. About 126,051 shares traded. E*TRADE Financial Corp (NASDAQ:ETFC) has risen 29.03% since November 15, 2016 and is uptrending. It has outperformed by 12.33% the S&P500.

Analysts await Gap Inc (NYSE:GPS) to report earnings on November, 16 after the close. They expect $0.55 earnings per share, down 8.33% or $0.05 from last year’s $0.6 per share. GPS’s profit will be $215.61M for 12.19 P/E if the $0.55 EPS becomes a reality. After $0.58 actual earnings per share reported by Gap Inc for the previous quarter, Wall Street now forecasts -5.17% negative EPS growth.

Among 33 analysts covering The Gap Inc. (NYSE:GPS), 6 have Buy rating, 3 Sell and 24 Hold. Therefore 18% are positive. The Gap Inc. had 143 analyst reports since August 5, 2015 according to SRatingsIntel. M Partners maintained Gap Inc (NYSE:GPS) rating on Monday, March 14. M Partners has “Neutral” rating and $30 target. The rating was upgraded by Piper Jaffray to “Neutral” on Monday, November 28. JP Morgan downgraded the stock to “Neutral” rating in Monday, August 10 report. The rating was downgraded by S&P Research to “Hold” on Thursday, October 1. The stock of Gap Inc (NYSE:GPS) earned “Neutral” rating by Piper Jaffray on Tuesday, August 11. On Friday, January 8 the stock rating was maintained by M Partners with “Neutral”. The stock of Gap Inc (NYSE:GPS) has “Neutral” rating given on Tuesday, September 19 by Credit Suisse. The rating was maintained by Citigroup with “Neutral” on Friday, August 19. The stock of Gap Inc (NYSE:GPS) earned “Buy” rating by Topeka Capital Markets on Friday, October 9. Citigroup maintained Gap Inc (NYSE:GPS) on Tuesday, August 9 with “Neutral” rating.

The Gap, Inc. is an apparel retail company. The company has market cap of $10.51 billion. The Firm offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. It has a 12.74 P/E ratio. The Company’s products are available to clients online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

Since May 16, 2017, it had 0 buys, and 1 sale for $22,540 activity. $22,540 worth of Gap Inc (NYSE:GPS) was sold by Kirwan Jeff on Thursday, June 1.

Investors sentiment increased to 1.17 in Q2 2017. Its up 0.05, from 1.12 in 2017Q1. It improved, as 37 investors sold Gap Inc shares while 130 reduced holdings. 60 funds opened positions while 136 raised stakes. 213.05 million shares or 1.34% more from 210.24 million shares in 2017Q1 were reported. Dnb Asset Management As has invested 0% in Gap Inc (NYSE:GPS). Moreover, Caisse De Depot Et Placement Du Quebec has 0% invested in Gap Inc (NYSE:GPS) for 87,900 shares. Natixis has invested 0.02% in Gap Inc (NYSE:GPS). Piedmont Inv Advisors reported 123,135 shares. Pictet Asset Management has 0.01% invested in Gap Inc (NYSE:GPS) for 138,641 shares. Gideon Advisors, New York-based fund reported 50,833 shares. Clearbridge Lc accumulated 1,244 shares. Usca Ria Lc owns 69,637 shares or 0.2% of their US portfolio. Panagora Asset Mgmt has invested 0.02% of its portfolio in Gap Inc (NYSE:GPS). Eaton Vance Management reported 114,585 shares. Nomura Asset Management Ltd reported 33,145 shares or 0.01% of all its holdings. Vanguard holds 0.03% of its portfolio in Gap Inc (NYSE:GPS) for 23.74 million shares. Macquarie Gru holds 0% of its portfolio in Gap Inc (NYSE:GPS) for 38,376 shares. Great West Life Assurance Can stated it has 0.02% in Gap Inc (NYSE:GPS). Clinton reported 0.59% in Gap Inc (NYSE:GPS).

Bank Of The West decreased Spdr Ser Tr (FLRN) stake by 11,167 shares to 24,284 valued at $746,000 in 2017Q2. It also reduced Pepsico Inc (NYSE:PEP) stake by 11,256 shares and now owns 34,946 shares. Cognizant Technology Solutio (NASDAQ:CTSH) was reduced too.

Investors sentiment increased to 1.24 in Q2 2017. Its up 0.26, from 0.98 in 2017Q1. It is positive, as 34 investors sold ETFC shares while 125 reduced holdings. 64 funds opened positions while 133 raised stakes. 246.20 million shares or 1.04% less from 248.78 million shares in 2017Q1 were reported. Aperio Gru Llc reported 128,213 shares. 614 are held by Ftb Advsrs. Hbk Investments LP reported 8,615 shares stake. Dekabank Deutsche Girozentrale reported 22,708 shares or 0.01% of all its holdings. Boston Partners holds 0.05% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC) for 1.08M shares. Bain Cap Equity Mngmt Ltd, Massachusetts-based fund reported 578,900 shares. Teachers Retirement Sys Of The State Of Kentucky holds 0.01% or 29,150 shares. Bancshares Of Montreal Can holds 1.67 million shares. Glg Lc reported 0.03% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC). 2.50 million were reported by Deutsche Bancorporation Ag. Twin Tree Management Limited Partnership stated it has 0% in E*TRADE Financial Corp (NASDAQ:ETFC). Artemis Management Llp invested 0.08% in E*TRADE Financial Corp (NASDAQ:ETFC). 6,995 were reported by Gotham Asset Mgmt Lc. Susquehanna Intl Ltd Liability Partnership holds 0.01% or 430,303 shares in its portfolio. Aqr Cap Mngmt Limited Company holds 704,872 shares or 0.04% of its portfolio.

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