Gap Inc. (NYSE:GPS) – Research analysts at KeyCorp decreased their Q2 2018 earnings per share (EPS) estimates for Gap in a research report issued on Friday. KeyCorp analyst E. Yruma now anticipates that the firm will earn $0.67 per share for the quarter, down from their prior forecast of $0.69. KeyCorp also issued estimates for Gap’s Q3 2018 earnings at $0.55 EPS.

GPS has been the subject of several other research reports. Jefferies Group reissued a “buy” rating on shares of Gap in a research note on Monday, August 29th. Vetr raised shares of Gap from a “sell” rating to a “hold” rating and set a $25.65 price objective for the company in a research note on Monday, July 25th. Canaccord Genuity reissued a “buy” rating on shares of Gap in a research note on Wednesday, August 17th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Gap in a report on Friday, August 19th. Finally, Deutsche Bank AG reduced their target price on shares of Gap from $19.00 to $18.00 and set a “sell” rating on the stock in a report on Friday, August 19th. Six investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and five have assigned a buy rating to the stock. Gap presently has a consensus rating of “Hold” and a consensus target price of $25.29.

Earnings History and Estimates for Gap (NYSE:GPS)

Gap (NYSE:GPS) traded up 1.09% during mid-day trading on Monday, hitting $26.85. 4,852,066 shares of the stock traded hands. The stock has a market cap of $10.70 billion, a PE ratio of 15.13 and a beta of 1.28. The company has a 50 day moving average of $23.86 and a 200-day moving average of $22.97. Gap has a 12-month low of $17.00 and a 12-month high of $30.49.

Gap (NYSE:GPS) last released its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.79 billion. Gap had a net margin of 4.60% and a return on equity of 33.26%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS.

Several institutional investors have recently added to or reduced their stakes in the stock. Creative Planning boosted its position in Gap by 46.1% in the third quarter. Creative Planning now owns 13,019 shares of the apparel retailer’s stock valued at $290,000 after buying an additional 4,107 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Gap by 39.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 139,680 shares of the apparel retailer’s stock valued at $3,106,000 after buying an additional 39,407 shares in the last quarter. Acropolis Investment Management LLC raised its stake in Gap by 1.2% in the third quarter. Acropolis Investment Management LLC now owns 74,920 shares of the apparel retailer’s stock valued at $1,666,000 after buying an additional 900 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Gap by 11.2% in the third quarter. BNP Paribas Arbitrage SA now owns 154,810 shares of the apparel retailer’s stock valued at $3,443,000 after buying an additional 15,647 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in Gap during the second quarter valued at about $409,000. Institutional investors own 57.42% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Monday, October 3rd. Gap’s dividend payout ratio (DPR) is currently 51.98%.

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.

5 Day Chart for NYSE:GPS

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