The Gap Inc. (GPS) Releases FY15 Earnings Guidance
The Gap Inc. (NYSE:GPS) updated its FY15 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.95-3.00 for the period, compared to the Thomson Reuters consensus estimate of $2.95, Stock Ratings News reports.
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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $41.24.
Shares of The Gap Inc. (NYSE:GPS) traded up 0.16% on Thursday, hitting $43.18. The stock had a trading volume of 5,300,477 shares. The Gap Inc. has a one year low of $36.13 and a one year high of $44.59. The stock has a 50-day moving average of $40.89 and a 200-day moving average of $40.92. The company has a market cap of $19.030 billion and a P/E ratio of 16.50. The Gap also was the target of unusually large options trading on Thursday. Stock investors purchased 4,371 put options on the company. This is an increase of 125% compared to the typical volume of 1,943 put options.
The Gap (NYSE:GPS) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.69 by $0.05. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts expect that The Gap Inc. will post $2.95 EPS for the current fiscal year.
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 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Monday, October 6th.
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 stock was sold at an average price of $42.50, for a total transaction of $1,062,500.00. The sale was disclosed in a filing with the SEC, which is available at this link.
The Gap, Inc (NYSE:GPS),is a global specialty apparel company.
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