Gap, Inc. (The) (NYSE:GPS) – Research analysts at B. Riley increased their FY2019 earnings per share estimates for shares of Gap, Inc. (The) in a report issued on Friday. B. Riley analyst S. Anderson now forecasts that the apparel retailer will earn $2.12 per share for the year, up from their prior forecast of $2.10. B. Riley currently has a “Hold” rating and a $25.00 target price on the stock.
A number of other brokerages have also commented on GPS. Barclays PLC started coverage on Gap, Inc. (The) in a research note on Tuesday, September 19th. They set an “overweight” rating and a $32.00 price target on the stock. Robert W. Baird set a $28.00 price target on Gap, Inc. (The) and gave the company a “hold” rating in a research note on Friday. Zacks Investment Research raised Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Thursday, September 21st. Oppenheimer Holdings, Inc. set a $28.00 price objective on Gap, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, August 17th. Finally, Jefferies Group LLC set a $35.00 price objective on Gap, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Three equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Gap, Inc. (The) presently has an average rating of “Hold” and a consensus price target of $27.51.
Shares of Gap, Inc. (GPS) traded down $0.22 during mid-day trading on Monday, hitting $29.71. The stock had a trading volume of 5,364,107 shares, compared to its average volume of 5,982,932. Gap, Inc. has a 12-month low of $21.02 and a 12-month high of $30.14. The firm has a market capitalization of $11,530.00, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.77 and a beta of 0.86. The company has a quick ratio of 0.77, a current ratio of 1.73 and a debt-to-equity ratio of 0.41.
Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. Gap, Inc. (The) had a return on equity of 27.47% and a net margin of 5.57%. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be given a $0.23 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a yield of 3.10%. Gap, Inc. (The)’s dividend payout ratio is currently 42.20%.
In other Gap, Inc. (The) news, Director William Sydney Fisher sold 666,849 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $27.99, for a total value of $18,665,103.51. Following the transaction, the director now owns 12,237,873 shares of the company’s stock, valued at $342,538,065.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeff Kirwan sold 1,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $29.38, for a total value of $29,380.00. Following the completion of the transaction, the chief executive officer now directly owns 25,268 shares in the company, valued at approximately $742,373.84. The disclosure for this sale can be found here. In the last three months, insiders sold 672,426 shares of company stock worth $18,813,667. Insiders own 27.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Ffcm LLC lifted its position in shares of Gap, Inc. (The) by 198.0% during the 2nd quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after buying an additional 3,519 shares during the last quarter. Howe & Rusling Inc. purchased a new position in shares of Gap, Inc. (The) during the 3rd quarter valued at $190,000. James Investment Research Inc. purchased a new position in shares of Gap, Inc. (The) during the 2nd quarter valued at $144,000. AE Wealth Management LLC purchased a new position in shares of Gap, Inc. (The) during the 3rd quarter valued at $223,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Gap, Inc. (The) during the 3rd quarter valued at $229,000. 57.67% of the stock is currently owned by hedge funds and other institutional investors.
About Gap, Inc. (The)
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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