$0.55 EPS Expected for Gap, Inc. (The) (GPS) This Quarter
Wall Street analysts forecast that Gap, Inc. (The) (NYSE:GPS) will post $0.55 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Gap, Inc. (The)’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.61. Gap, Inc. (The) reported earnings of $0.60 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.3%. The business is scheduled to report its next quarterly earnings report after the market closes on Thursday, November 16th.
On average, analysts expect that Gap, Inc. (The) will report full-year earnings of $2.06 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.15. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.13 per share, with EPS estimates ranging from $1.90 to $2.25. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Gap, Inc. (The).
Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.76 billion. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share.
Several brokerages recently weighed in on GPS. Robert W. Baird set a $26.00 price target on shares of Gap, Inc. (The) and gave the company a “hold” rating in a research report on Sunday, October 1st. Oppenheimer Holdings, Inc. raised their price target on shares of Gap, Inc. (The) from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Gap, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. KeyCorp reissued a “buy” rating and set a $33.00 price target on shares of Gap, Inc. (The) in a research report on Tuesday, September 26th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $26.00 price target on shares of Gap, Inc. (The) in a research report on Monday, September 18th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $26.86.
Shares of Gap, Inc. (NYSE GPS) opened at $27.48 on Friday. The firm has a market cap of $10,549.07, a P/E ratio of 13.12, a P/E/G ratio of 1.63 and a beta of 0.86. The company has a current ratio of 1.77, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. Gap, Inc. has a 1 year low of $21.02 and a 1 year high of $30.74.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be issued a $0.23 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 3.35%. Gap, Inc. (The)’s dividend payout ratio is currently 43.81%.
In other news, CEO Jeff Kirwan sold 1,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.38, for a total value of $29,380.00. Following the sale, the chief executive officer now directly owns 25,268 shares in the company, valued at approximately $742,373.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William Sydney Fisher sold 666,849 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $27.99, for a total transaction of $18,665,103.51. Following the completion of the sale, the director now owns 12,237,873 shares in the company, valued at $342,538,065.27. The disclosure for this sale can be found here. Over the last quarter, insiders sold 676,682 shares of company stock worth $18,906,180. 27.30% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Gyroscope Capital Management Group LLC bought a new stake in shares of Gap, Inc. (The) in the 3rd quarter worth about $5,826,000. Belpointe Asset Management LLC bought a new stake in shares of Gap, Inc. (The) in the 3rd quarter worth about $658,000. FrontFour Capital Group LLC purchased a new position in shares of Gap, Inc. (The) during the 3rd quarter worth about $1,308,000. Piedmont Investment Advisors LLC boosted its stake in shares of Gap, Inc. (The) by 1.9% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 125,492 shares of the apparel retailer’s stock worth $3,706,000 after purchasing an additional 2,357 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Gap, Inc. (The) by 4.2% during the 3rd quarter. California Public Employees Retirement System now owns 893,708 shares of the apparel retailer’s stock worth $26,391,000 after purchasing an additional 36,083 shares during the period. Hedge funds and other institutional investors own 56.78% of the company’s stock.
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Gap, Inc. (The) 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.
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