Equities research analysts predict that Gap Inc (NYSE:GPS) will post sales of $4.67 billion for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for GAP’s earnings, with the lowest sales estimate coming in at $4.49 billion and the highest estimate coming in at $4.91 billion. GAP reported sales of $4.43 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.4%. The business is expected to announce its next earnings report on Thursday, February 22nd.
On average, analysts expect that GAP will report full year sales of $4.67 billion for the current year, with estimates ranging from $15.57 billion to $15.99 billion. For the next fiscal year, analysts anticipate that the business will post sales of $15.80 billion per share, with estimates ranging from $15.40 billion to $16.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow GAP.
GAP (NYSE:GPS) last announced its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.76 billion. GAP had a net margin of 5.57% and a return on equity of 27.47%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share.
Several equities research analysts recently commented on GPS shares. Zacks Investment Research raised shares of GAP from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Monday, September 11th. Jefferies Group reaffirmed a “buy” rating and issued a $39.00 price objective (up from $35.00) on shares of GAP in a research report on Thursday, September 7th. ValuEngine raised shares of GAP from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. KeyCorp reaffirmed a “buy” rating and issued a $33.00 price objective on shares of GAP in a research report on Tuesday, September 26th. Finally, Oppenheimer set a $33.00 price objective on shares of GAP and gave the company a “buy” rating in a research report on Monday, October 30th. Four analysts have rated the stock with a sell rating, twenty-three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. GAP currently has a consensus rating of “Hold” and an average price target of $27.94.
Shares of GAP (NYSE GPS) opened at $34.32 on Thursday. The company has a market cap of $13,350.00, a price-to-earnings ratio of 16.96, a P/E/G ratio of 2.05 and a beta of 0.95. GAP has a 52-week low of $21.02 and a 52-week high of $34.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 0.77.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a yield of 2.68%. GAP’s dividend payout ratio (DPR) is presently 42.20%.
In other news, VP Dara Bazzano sold 1,593 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $30.04, for a total transaction of $47,853.72. Following the transaction, the vice president now directly owns 2,866 shares in the company, valued at approximately $86,094.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeff Kirwan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $26.11, for a total transaction of $26,110.00. Following the transaction, the chief executive officer now owns 24,268 shares in the company, valued at $633,637.48. The disclosure for this sale can be found here. Insiders have sold a total of 1,545,228 shares of company stock worth $48,637,023 over the last three months. Insiders own 27.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of GAP by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,354 shares of the apparel retailer’s stock worth $360,000 after purchasing an additional 80 shares during the last quarter. Stephens Inc. AR increased its stake in shares of GAP by 3.4% during the 2nd quarter. Stephens Inc. AR now owns 15,097 shares of the apparel retailer’s stock worth $332,000 after purchasing an additional 501 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of GAP by 1.1% during the 2nd quarter. ProShare Advisors LLC now owns 47,619 shares of the apparel retailer’s stock worth $1,047,000 after purchasing an additional 536 shares during the last quarter. Alps Advisors Inc. increased its stake in shares of GAP by 2.5% during the 2nd quarter. Alps Advisors Inc. now owns 22,866 shares of the apparel retailer’s stock worth $503,000 after purchasing an additional 550 shares during the last quarter. Finally, Norinchukin Bank The increased its stake in shares of GAP by 7.2% during the 2nd quarter. Norinchukin Bank The now owns 15,277 shares of the apparel retailer’s stock worth $336,000 after purchasing an additional 1,021 shares during the last quarter. Institutional investors own 54.58% of the company’s stock.
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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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