Gap Inc (NYSE:GPS) – Equities research analysts at Oppenheimer Holdings cut their Q2 2018 earnings per share (EPS) estimates for Gap in a report released on Tuesday. Oppenheimer Holdings analyst A. Andreeva now forecasts that the apparel retailer will post earnings of $0.56 per share for the quarter, down from their prior forecast of $0.57. Oppenheimer Holdings has a “Hold” rating and a $24.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Gap’s Q4 2018 earnings at $0.55 EPS and FY2018 earnings at $2.05 EPS.

Gap (NYSE:GPS) last released its earnings results on Thursday, May 18th. The apparel retailer reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.07. Gap had a net margin of 4.33% and a return on equity of 32.19%. The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the prior year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year.

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Earnings History and Estimates for Gap (NYSE:GPS)

A number of other brokerages have also issued reports on GPS. Zacks Investment Research raised Gap from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, January 25th. Mizuho cut their target price on Gap from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 7th. FBR & Co reaffirmed a “market perform” rating and issued a $28.00 target price on shares of Gap in a research report on Tuesday, February 7th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $36.00 target price on shares of Gap in a research report on Tuesday, February 7th. Finally, Citigroup Inc lowered their price target on Gap from $24.00 to $22.00 and set a “sell” rating for the company in a report on Tuesday, February 7th. Three investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.67.

Gap (NYSE:GPS) traded down 0.067% during mid-day trading on Wednesday, hitting $22.305. 2,185,930 shares of the company were exchanged. Gap has a 12 month low of $17.31 and a 12 month high of $30.74. The firm has a 50 day moving average price of $24.81 and a 200 day moving average price of $24.62. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 12.893 and a beta of 0.99.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 5th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Friday, June 30th. Gap’s dividend payout ratio (DPR) is currently 55.09%.

In related news, Director Robert J. Fisher sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of $24.58, for a total value of $12,290,000.00. Following the completion of the sale, the director now directly owns 8,867,728 shares in the company, valued at $217,968,754.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeff Kirwan sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $24.88, for a total value of $124,400.00. Following the completion of the sale, the chief executive officer now owns 29,548 shares of the company’s stock, valued at $735,154.24. The disclosure for this sale can be found here. Insiders own 30.00% of the company’s stock.

Several large investors have recently modified their holdings of GPS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Gap by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,576 shares of the apparel retailer’s stock valued at $282,000 after buying an additional 59 shares during the period. Stephens Inc. AR boosted its stake in shares of Gap by 0.4% in the first quarter. Stephens Inc. AR now owns 14,596 shares of the apparel retailer’s stock valued at $355,000 after buying an additional 59 shares during the period. Advantus Capital Management Inc boosted its stake in shares of Gap by 0.4% in the first quarter. Advantus Capital Management Inc now owns 21,962 shares of the apparel retailer’s stock valued at $533,000 after buying an additional 89 shares during the period. Private Advisor Group LLC boosted its stake in shares of Gap by 1.5% in the first quarter. Private Advisor Group LLC now owns 10,700 shares of the apparel retailer’s stock valued at $245,000 after buying an additional 153 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Gap by 0.3% in the first quarter. Arizona State Retirement System now owns 74,243 shares of the apparel retailer’s stock valued at $1,803,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 57.87% of the company’s stock.

Gap 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.

12 Month Chart for NYSE:GPS

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