Brokerages expect that Gap Inc (NYSE:GPS) will report sales of $3.78 billion for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for GAP’s earnings, with the lowest sales estimate coming in at $3.71 billion and the highest estimate coming in at $3.84 billion. GAP also posted sales of $3.78 billion in the same quarter last year. The company is scheduled to announce its next quarterly earnings results on Thursday, May 23rd.

According to Zacks, analysts expect that GAP will report full year sales of $16.79 billion for the current year, with estimates ranging from $16.66 billion to $16.92 billion. For the next year, analysts anticipate that the firm will post sales of $17.02 billion, with estimates ranging from $16.74 billion to $17.26 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover GAP.

GAP (NYSE:GPS) last announced its quarterly earnings results on Thursday, February 28th. The apparel retailer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. The company had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.72 billion. GAP had a return on equity of 29.65% and a net margin of 6.05%. During the same period last year, the firm earned $0.61 EPS.

Several equities research analysts have weighed in on the company. Standpoint Research raised GAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. ValuEngine raised GAP from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Deutsche Bank increased their price target on GAP from $30.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Guggenheim reaffirmed a “hold” rating on shares of GAP in a research report on Friday, March 1st. Finally, Credit Suisse Group cut their price target on GAP from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 26th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $29.33.

Shares of GPS opened at $25.90 on Thursday. The stock has a market cap of $9.71 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 1.17 and a beta of 0.53. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.96. GAP has a fifty-two week low of $24.25 and a fifty-two week high of $34.21.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Tuesday, April 9th. GAP’s dividend payout ratio (DPR) is presently 37.45%.

In other news, EVP Julie Gruber sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $24.73, for a total transaction of $185,475.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sonia Syngal sold 11,764 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $26.51, for a total value of $311,863.64. The disclosure for this sale can be found here. 30.60% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of GPS. AQR Capital Management LLC lifted its stake in GAP by 456.0% in the 3rd quarter. AQR Capital Management LLC now owns 9,883,253 shares of the apparel retailer’s stock valued at $285,132,000 after buying an additional 8,105,713 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in GAP by 2,043.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,488,883 shares of the apparel retailer’s stock valued at $135,000 after buying an additional 3,326,106 shares in the last quarter. Norges Bank purchased a new position in GAP in the 4th quarter valued at about $82,347,000. Unigestion Holding SA lifted its stake in GAP by 10,276.7% in the 4th quarter. Unigestion Holding SA now owns 1,930,061 shares of the apparel retailer’s stock valued at $49,719,000 after buying an additional 1,911,461 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in GAP by 5.4% in the 3rd quarter. Vanguard Group Inc. now owns 27,822,458 shares of the apparel retailer’s stock valued at $802,678,000 after buying an additional 1,433,737 shares in the last quarter. Hedge funds and other institutional investors own 58.38% of the company’s stock.

About GAP

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, and Intermix 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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