Gap Inc. (NYSE:GPS) – Investment analysts at KeyCorp lowered their Q2 2018 earnings per share (EPS) estimates for shares of 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 previous forecast of $0.69. KeyCorp also issued estimates for Gap’s Q3 2018 earnings at $0.55 EPS.
Other equities analysts have also issued reports about the stock. Oppenheimer Holdings Inc. reaffirmed a “” rating and set a $20.00 price target on shares of Gap in a research report on Monday, August 22nd. Vetr lowered shares of Gap from a “strong-buy” rating to a “buy” rating and set a $23.68 target price on the stock. in a report on Thursday, June 30th. Jefferies Group reissued a “buy” rating on shares of Gap in a report on Saturday, July 9th. Canaccord Genuity reissued a “buy” rating on shares of Gap in a report on Wednesday, August 17th. Finally, MKM Partners reissued a “hold” rating and issued a $21.00 target price on shares of Gap in a report on Saturday, July 9th. Seven equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Gap currently has an average rating of “Hold” and a consensus target price of $25.09.
Gap (NYSE:GPS) opened at 26.25 on Monday. Gap has a 12-month low of $17.00 and a 12-month high of $30.49. The stock’s 50 day moving average is $23.88 and its 200-day moving average is $23.05. The company has a market cap of $10.46 billion, a P/E ratio of 14.79 and a beta of 1.28.
Gap (NYSE:GPS) last released its quarterly earnings results on Thursday, August 18th. The apparel retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Gap’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS.
A number of large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its stake in shares of Gap by 4.2% in the first quarter. Legal & General Group Plc now owns 1,119,779 shares of the apparel retailer’s stock valued at $32,922,000 after buying an additional 45,600 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of Gap by 233.9% in the second quarter. Candriam Luxembourg S.C.A. now owns 570,237 shares of the apparel retailer’s stock valued at $12,101,000 after buying an additional 399,449 shares in the last quarter. PGGM Investments boosted its stake in shares of Gap by 79.7% in the second quarter. PGGM Investments now owns 1,695,205 shares of the apparel retailer’s stock valued at $35,972,000 after buying an additional 751,688 shares in the last quarter. Babson Capital Management LLC boosted its stake in shares of Gap by 200.8% in the first quarter. Babson Capital Management LLC now owns 75,195 shares of the apparel retailer’s stock valued at $2,211,000 after buying an additional 50,200 shares in the last quarter. Finally, Beddow Capital Management Inc. bought a new stake in shares of Gap during the first quarter valued at $226,000. 57.42% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.50%. The ex-dividend date is Monday, October 3rd. Gap’s dividend payout ratio (DPR) is presently 51.98%.