Equities research analysts expect Gap Inc (NYSE:GPS) to post earnings of $0.53 per share for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for GAP’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.56. GAP posted earnings of $0.76 per share in the same quarter last year, which would indicate a negative year over year growth rate of 30.3%. The business is expected to issue its next earnings results on Thursday, August 22nd.

On average, analysts expect that GAP will report full year earnings of $2.07 per share for the current fiscal year, with EPS estimates ranging from $1.95 to $2.15. For the next financial year, analysts forecast that the business will post earnings of $2.16 per share, with EPS estimates ranging from $1.84 to $2.51. Zacks’ EPS averages are an average based on a survey of research analysts that follow GAP.

GAP (NYSE:GPS) last issued its earnings results on Thursday, May 30th. The apparel retailer reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.07). GAP had a return on equity of 26.73% and a net margin of 6.46%. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the previous year, the company earned $0.42 EPS. GAP’s quarterly revenue was down 2.0% on a year-over-year basis.

Several equities research analysts have recently weighed in on GPS shares. JPMorgan Chase & Co. decreased their target price on GAP from $24.00 to $17.00 and set an “underweight” rating for the company in a research report on Friday, May 31st. Nomura reduced their price target on GAP from $22.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Guggenheim reissued a “hold” rating on shares of GAP in a report on Sunday, April 21st. Bank of America set a $77.00 price target on Zscaler and gave the company a “neutral” rating in a report on Friday, May 31st. Finally, MKM Partners reduced their price target on GAP from $33.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, June 11th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. GAP has a consensus rating of “Hold” and a consensus price target of $25.28.

In other GAP news, CEO Mcneil S. Fiske, Jr. sold 16,183 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $18.00, for a total transaction of $291,294.00. Following the sale, the chief executive officer now owns 32,500 shares in the company, valued at $585,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Julie Gruber sold 3,286 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $24.00, for a total value of $78,864.00. The disclosure for this sale can be found here. Corporate insiders own 37.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bremer Bank National Association acquired a new stake in GAP during the first quarter valued at approximately $29,000. NuWave Investment Management LLC raised its stake in GAP by 11,075.0% during the first quarter. NuWave Investment Management LLC now owns 2,235 shares of the apparel retailer’s stock valued at $58,000 after buying an additional 2,215 shares in the last quarter. Legacy Advisors LLC acquired a new stake in GAP during the first quarter valued at approximately $88,000. Parallel Advisors LLC raised its stake in GAP by 103.5% during the first quarter. Parallel Advisors LLC now owns 3,623 shares of the apparel retailer’s stock valued at $95,000 after buying an additional 1,843 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in GAP during the first quarter valued at approximately $137,000. Hedge funds and other institutional investors own 57.87% of the company’s stock.

Shares of NYSE GPS traded up $0.21 on Wednesday, hitting $18.87. The company had a trading volume of 155,702 shares, compared to its average volume of 5,146,849. GAP has a 12-month low of $17.12 and a 12-month high of $32.98. The company has a 50 day moving average price of $18.59. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.49 and a quick ratio of 0.70. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 7.28, a P/E/G ratio of 1.00 and a beta of 0.71.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend is Tuesday, July 9th. GAP’s payout ratio is currently 37.45%.

GAP Company Profile

The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Hill City brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.

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Earnings History and Estimates for GAP (NYSE:GPS)

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