Gap Inc. (NYSE:GPS) – Wedbush decreased their Q4 2017 earnings per share (EPS) estimates for Gap in a research note issued to investors on Friday. Wedbush analyst M. Brown now anticipates that the brokerage will post earnings per share of $0.41 for the quarter, down from their prior forecast of $0.50. Wedbush has a “Neutral” rating and a $26.00 price objective on the stock. Wedbush also issued estimates for Gap’s Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.67 EPS and Q4 2018 earnings at $0.45 EPS.

A number of other brokerages have also recently weighed in on GPS. Citigroup Inc. cut shares of Gap from a “neutral” rating to a “sell” rating and reduced their price target for the company from $27.00 to $25.00 in a research report on Friday, November 18th. Vetr cut shares of Gap from a “strong-buy” rating to a “sell” rating and set a $25.20 price target on the stock. in a research report on Monday, October 10th. Jefferies Group lifted their price target on shares of Gap to $36.00 in a research report on Friday, November 18th. Zacks Investment Research raised shares of Gap from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, November 8th. Finally, RBC Capital Markets set a $23.00 price target on shares of Gap and gave the company a “hold” rating in a research report on Tuesday, September 13th. Five investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $24.87.

Earnings History and Estimates for Gap (NYSE:GPS)

Shares of Gap (NYSE:GPS) traded up 1.08% during midday trading on Monday, hitting $26.15. 4,097,930 shares of the company’s stock were exchanged. The stock has a market cap of $10.43 billion, a PE ratio of 15.57 and a beta of 1.06. Gap has a 1-year low of $17.00 and a 1-year high of $30.74. The stock’s 50 day moving average is $26.68 and its 200-day moving average is $23.40.

Gap (NYSE:GPS) last announced its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. Gap had a net margin of 4.33% and a return on equity of 32.19%. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the firm posted $0.63 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Wednesday, January 4th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, December 30th. This represents a $0.92 annualized dividend and a yield of 3.56%. Gap’s dividend payout ratio (DPR) is presently 55.09%.

A number of institutional investors have recently made changes to their positions in GPS. Vanguard Group Inc. increased its position in shares of Gap by 2.3% in the second quarter. Vanguard Group Inc. now owns 20,061,541 shares of the apparel retailer’s stock valued at $425,706,000 after buying an additional 444,555 shares during the period. American International Group Inc. increased its position in shares of Gap by 6.0% in the third quarter. American International Group Inc. now owns 15,249,281 shares of the apparel retailer’s stock valued at $339,144,000 after buying an additional 868,093 shares during the period. Bank of New York Mellon Corp increased its position in shares of Gap by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 14,135,669 shares of the apparel retailer’s stock valued at $299,958,000 after buying an additional 251,964 shares during the period. JPMorgan Chase & Co. increased its position in shares of Gap by 7.4% in the second quarter. JPMorgan Chase & Co. now owns 13,531,075 shares of the apparel retailer’s stock valued at $287,129,000 after buying an additional 936,648 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Gap by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 6,451,773 shares of the apparel retailer’s stock valued at $136,907,000 after buying an additional 73,041 shares during the period. Institutional investors own 58.77% of the company’s stock.

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About Gap

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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