Gap, Inc. (The) (NYSE:GPS) – Equities research analysts at Oppenheimer Holdings decreased their Q3 2018 earnings per share (EPS) estimates for Gap, Inc. (The) in a research report issued to clients and investors on Monday. Oppenheimer Holdings analyst A. Andreeva now forecasts that the apparel retailer will earn $0.53 per share for the quarter, down from their prior forecast of $0.56. Oppenheimer Holdings currently has a “Buy” rating and a $33.00 target price on the stock. Oppenheimer Holdings also issued estimates for Gap, Inc. (The)’s Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $2.05 EPS, Q4 2019 earnings at $0.62 EPS and FY2019 earnings at $2.18 EPS.
Several other research firms have also commented on GPS. Barclays PLC started coverage on shares of Gap, Inc. (The) in a research note on Tuesday, September 19th. They set an “overweight” rating and a $32.00 target price for the company. Zacks Investment Research upgraded shares of 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. Jefferies Group LLC set a $35.00 price objective on shares of Gap, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, August 16th. BMO Capital Markets set a $23.00 price objective on shares of Gap, Inc. (The) and gave the company a “hold” rating in a research note on Thursday, July 6th. Finally, Deutsche Bank AG upped their price objective on shares of Gap, Inc. (The) from $23.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Three analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $26.79.
ILLEGAL ACTIVITY NOTICE: “Research Analysts Set Expectations for Gap, Inc. (The)’s Q3 2018 Earnings (GPS)” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://sportsperspectives.com/2017/11/01/research-analysts-set-expectations-for-gap-inc-thes-q3-2018-earnings-gps.html. Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPS. Prudential Financial Inc. raised its stake in shares of Gap, Inc. (The) by 202.2% during the 2nd quarter. Prudential Financial Inc. now owns 3,801,842 shares of the apparel retailer’s stock worth $83,603,000 after purchasing an additional 2,543,850 shares during the period. APG Asset Management N.V. increased its holdings in Gap, Inc. (The) by 27.7% in the 3rd quarter. APG Asset Management N.V. now owns 4,652,508 shares of the apparel retailer’s stock worth $137,389,000 after acquiring an additional 1,009,400 shares during the last quarter. NN Investment Partners Holdings N.V. increased its holdings in Gap, Inc. (The) by 36.6% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 2,605,366 shares of the apparel retailer’s stock worth $57,291,000 after acquiring an additional 697,881 shares during the last quarter. Vanguard Group Inc. increased its holdings in Gap, Inc. (The) by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 23,743,881 shares of the apparel retailer’s stock worth $522,127,000 after acquiring an additional 643,396 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Gap, Inc. (The) by 22.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,004,102 shares of the apparel retailer’s stock worth $66,067,000 after acquiring an additional 545,463 shares during the last quarter. Institutional investors own 56.39% of the company’s stock.
In other Gap, Inc. (The) news, Director William Sydney Fisher sold 666,849 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 12,237,873 shares in the company, valued at approximately $342,538,065.27. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Joseph Chapman sold 4,898 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $22.82, for a total value of $111,772.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 675,682 shares of company stock worth $18,880,070. 27.30% of the stock is owned by company insiders.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio is currently 43.81%.
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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