Gap (GPS) Releases Quarterly Earnings, Beats Expectations By $0.02 EPS
Gap (NYSE:GPS) announced its earnings results on Thursday. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.02, StockRatingsNetwork reports. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.60 billion.
GPS has been the subject of a number of recent research reports. Analysts at Paradigm Capital cut their price target on shares of Gap from $3.75 to $3.50 in a research note on Friday, February 7th. On the ratings front, analysts at Nomura reiterated a “buy” rating on shares of Gap in a research note on Friday, February 7th. They now have a $44.00 price target on the stock, up previously from $40.00. Finally, analysts at Sterne Agee raised their price target on shares of Gap from $44.00 to $48.00 in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $42.79.
Shares of Gap (NYSE:GPS) traded down 0.20% on Thursday, hitting $43.82. The stock had a trading volume of 6,576,578 shares. Gap has a one year low of $32.35 and a one year high of $46.56. The stock has a 50-day moving average of $39.62 and a 200-day moving average of $39.92. The company has a market cap of $19.674 billion and a P/E ratio of 15.66.
The Gap, Inc (NYSE:GPS) is a global specialty apparel company.
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