Gap Inc. (NYSE:GPS) – Analysts at KeyCorp reduced their Q2 2018 earnings per share estimates for shares of Gap in a report released on Friday. KeyCorp analyst E. Yruma now anticipates that the firm will earn $0.67 per share for the quarter, down from their previous estimate of $0.69. KeyCorp also issued estimates for Gap’s Q3 2018 earnings at $0.55 EPS.
Other equities research analysts have also recently issued research reports about the stock. Oppenheimer Holdings Inc. reissued a “” rating and set a $20.00 target price on shares of Gap in a report on Monday, August 22nd. Vetr lowered shares of Gap from a “strong-buy” rating to a “buy” rating and set a $23.68 price target for the company. in a research report on Thursday, June 30th. Jefferies Group restated a “buy” rating on shares of Gap in a research report on Saturday, July 9th. Canaccord Genuity restated a “buy” rating on shares of Gap in a research report on Wednesday, August 17th. Finally, MKM Partners restated a “hold” rating and set a $21.00 price target on shares of Gap in a research report on Saturday, July 9th. Six research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and five have given a buy rating to the company’s stock. Gap currently has an average rating of “Hold” and a consensus target price of $25.29.
Shares of Gap (NYSE:GPS) traded up 1.09% on Monday, reaching $26.85. The company had a trading volume of 4,852,066 shares. The company has a market capitalization of $10.70 billion, a PE ratio of 15.13 and a beta of 1.28. Gap has a one year low of $17.00 and a one year high of $30.49. The company’s 50-day moving average is $23.86 and its 200-day moving average is $22.97.
Gap (NYSE:GPS) last announced its earnings results on Thursday, August 18th. The apparel retailer reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The business earned $3.85 billion during the quarter, compared to analyst estimates of $3.79 billion. Gap had a return on equity of 33.26% and a net margin of 4.60%. Gap’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.64 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.92 annualized dividend and a dividend yield of 3.43%. Gap’s payout ratio is 51.98%.
Several hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its stake in shares of Gap by 11.7% in the second quarter. Pacer Advisors Inc. now owns 5,777 shares of the apparel retailer’s stock valued at $123,000 after buying an additional 606 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Gap by 22.1% in the second quarter. Advisory Services Network LLC now owns 5,869 shares of the apparel retailer’s stock valued at $125,000 after buying an additional 1,062 shares during the last quarter. Americafirst Capital Management LLC bought a new stake in shares of Gap during the second quarter worth about $139,000. Sigma Planning Corp bought a new stake in shares of Gap during the second quarter worth about $216,000. Finally, Beddow Capital Management Inc. bought a new stake in shares of Gap during the first quarter worth about $226,000. Hedge funds and other institutional investors own 57.42% of the company’s stock.
Gap Company Profile