Equities analysts forecast that Gap, Inc. (The) (NYSE:GPS) will post earnings of $0.55 per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Gap, Inc. (The)’s earnings. The highest EPS estimate is $0.61 and the lowest is $0.51. Gap, Inc. (The) reported earnings per share of $0.60 during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.3%. The business is scheduled to announce its next earnings report after the market closes on Thursday, November 16th.
On average, analysts expect that Gap, Inc. (The) will report full-year earnings of $2.07 per share for the current year, with EPS estimates ranging from $2.00 to $2.15. For the next year, analysts expect that the company will report earnings of $2.14 per share, with EPS estimates ranging from $1.90 to $2.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Gap, Inc. (The).
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, topping the Zacks’ consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis.
GPS has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “hold” rating and set a $26.00 price target on shares of Gap, Inc. (The) in a report on Wednesday, August 9th. KeyCorp reissued a “buy” rating and set a $33.00 price objective on shares of Gap, Inc. (The) in a research report on Tuesday, September 26th. BMO Capital Markets set a $23.00 price objective on shares of Gap, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday, August 8th. Oppenheimer Holdings, Inc. set a $28.00 price objective on shares of Gap, Inc. (The) and gave the company a “buy” rating in a research report on Thursday, August 17th. Finally, Robert W. Baird set a $26.00 price objective on shares of Gap, Inc. (The) and gave the company a “hold” rating in a research report on Sunday, October 1st. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $26.79.
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In other Gap, Inc. (The) news, EVP Paul Joseph Chapman sold 4,898 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total transaction of $111,772.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sonia Syngal sold 1,935 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $25.79, for a total value of $49,903.65. Following the transaction, the chief executive officer now directly owns 39,656 shares of the company’s stock, valued at approximately $1,022,728.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 676,682 shares of company stock valued at $18,903,910. 27.30% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. Ffcm LLC grew its position in shares of Gap, Inc. (The) by 198.0% in the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after purchasing an additional 3,519 shares during the period. James Investment Research Inc. purchased a new stake in shares of Gap, Inc. (The) in the second quarter valued at $144,000. Howe & Rusling Inc. purchased a new stake in shares of Gap, Inc. (The) in the third quarter valued at $190,000. Paragon Capital Management Ltd purchased a new stake in shares of Gap, Inc. (The) in the second quarter valued at $229,000. Finally, BB&T Securities LLC purchased a new stake in shares of Gap, Inc. (The) in the second quarter valued at $233,000. 56.31% of the stock is owned by institutional investors and hedge funds.
Shares of Gap, Inc. (NYSE:GPS) traded down 2.20% during mid-day trading on Friday, hitting $26.68. 5,716,514 shares of the stock were exchanged. The stock’s 50-day moving average is $27.90 and its 200-day moving average is $24.69. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 12.71 and a beta of 0.88. Gap, Inc. has a 52 week low of $21.02 and a 52 week high of $30.74.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th were issued a $0.23 dividend. The ex-dividend date was Tuesday, October 3rd. This represents a $0.92 annualized dividend and a dividend yield of 3.45%. Gap, Inc. (The)’s dividend payout ratio is currently 43.81%.
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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