The Gap (GPS) Posts Quarterly Earnings, Beats Estimates By $0.05 EPS
The Gap (NYSE:GPS) issued its quarterly earnings data on Thursday. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.05, Analyst RN reports.
In other The Gap news, EVP John T. Keiser sold 25,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $42.50, for a total transaction of $1,062,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of The Gap (NYSE:GPS) traded up 0.16% on Thursday, hitting $43.18. 5,228,415 shares of the company’s stock traded hands. The Gap has a 1-year low of $36.13 and a 1-year high of $44.59. The stock’s 50-day moving average is $40.89 and its 200-day moving average is $40.92. The company has a market cap of $19.030 billion and a price-to-earnings ratio of 16.50.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 29th. Stockholders of record on Wednesday, October 8th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Monday, October 6th.
A number of analysts have recently weighed in on GPS shares. Analysts at Credit Suisse initiated coverage on shares of The Gap in a research note on Monday, August 11th. They set a “neutral” rating and a $44.00 price target on the stock. On a related note, analysts at Canaccord Genuity cut their price target on shares of The Gap from $51.00 to $50.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Finally, analysts at Sterne Agee cut their price target on shares of The Gap from $47.00 to $46.00 in a research note on Friday, July 11th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $41.24.
The Gap, Inc (NYSE:GPS),is a global specialty apparel company.
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