Gap Inc (NYSE:GPS) – Investment analysts at Oppenheimer Holdings lowered their Q3 2018 earnings per share (EPS) estimates for Gap in a note issued to investors on Tuesday. Oppenheimer Holdings analyst A. Andreeva now expects that the apparel retailer will post earnings per share of $0.58 for the quarter, down from their prior estimate of $0.63. Oppenheimer Holdings currently has a “Hold” rating and a $24.00 target price on the stock.

Several other equities research analysts have also issued reports on GPS. Morgan Stanley reissued an “underperform” rating and issued a $20.00 price target on shares of Gap in a report on Monday. TheStreet cut Gap from a “b-” rating to a “c” rating in a research note on Thursday, May 18th. BMO Capital Markets set a $28.00 target price on Gap and gave the stock a “hold” rating in a research note on Thursday, May 18th. Jefferies Group LLC set a $35.00 price target on Gap and gave the stock a “buy” rating in a research report on Friday, May 19th. Finally, FBR & Co set a $28.00 price target on Gap and gave the stock a “hold” rating in a research report on Friday, May 19th. Three 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 issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $25.67.

Earnings History and Estimates for Gap (NYSE:GPS)

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Gap (NYSE:GPS) traded up 0.05% on Thursday, reaching $22.20. The company had a trading volume of 2,052,718 shares. Gap has a 52 week low of $17.31 and a 52 week high of $30.74. The company has a market capitalization of $8.79 billion, a P/E ratio of 12.83 and a beta of 0.99. The stock’s 50-day moving average is $24.78 and its 200-day moving average is $24.60.

Gap (NYSE:GPS) last released its quarterly earnings data on Thursday, May 18th. The apparel retailer reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.07. Gap had a return on equity of 32.19% and a net margin of 4.33%. The business had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter last year, the business posted $0.32 EPS. The business’s revenue was up .1% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 5th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Friday, June 30th. Gap’s dividend payout ratio (DPR) is 55.09%.

In other Gap news, Director Robert J. Fisher sold 500,000 shares of the firm’s stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $24.58, for a total value of $12,290,000.00. Following the completion of the transaction, the director now owns 8,867,728 shares of the company’s stock, valued at approximately $217,968,754.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeff Kirwan sold 5,000 shares of the firm’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 transaction of $124,400.00. Following the completion of the transaction, the chief executive officer now directly owns 29,548 shares of the company’s stock, valued at approximately $735,154.24. The disclosure for this sale can be found here. Company insiders own 30.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in 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 worth $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 worth $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 worth $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 worth $1,803,000 after buying an additional 200 shares during the period. 57.87% of the stock is owned by institutional investors and hedge funds.

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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