Equities research analysts expect Gap Inc (NYSE:GPS) to report earnings of $0.53 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for GAP’s earnings, with estimates ranging from $0.52 to $0.56. GAP reported earnings per share of $0.76 during the same quarter last year, which would suggest a negative year-over-year growth rate of 30.3%. The company is scheduled to report its next earnings results on Thursday, August 22nd.
According to Zacks, analysts expect that GAP will report full year earnings of $2.07 per share for the current year, with EPS estimates ranging from $1.95 to $2.15. For the next year, analysts anticipate that the business will post earnings of $2.16 per share, with EPS estimates ranging from $1.84 to $2.51. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover GAP.
GAP (NYSE:GPS) last released its earnings results on Thursday, May 30th. The apparel retailer reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.07). GAP had a net margin of 6.46% and a return on equity of 26.73%. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the business posted $0.42 earnings per share. GAP’s quarterly revenue was down 2.0% compared to the same quarter last year.
In other news, EVP Julie Gruber sold 3,286 shares of GAP stock in a transaction on Monday, May 13th. The stock was sold at an average price of $24.00, for a total transaction of $78,864.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 37.60% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc raised its stake in GAP by 5.4% during the 3rd quarter. Vanguard Group Inc now owns 27,822,458 shares of the apparel retailer’s stock worth $802,678,000 after acquiring an additional 1,433,737 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in GAP during the 4th quarter worth $133,000. Parallel Advisors LLC raised its stake in GAP by 387.7% during the 4th quarter. Parallel Advisors LLC now owns 1,780 shares of the apparel retailer’s stock worth $45,000 after acquiring an additional 1,415 shares in the last quarter. Victory Capital Management Inc. raised its stake in GAP by 6.5% during the 4th quarter. Victory Capital Management Inc. now owns 266,974 shares of the apparel retailer’s stock worth $6,877,000 after acquiring an additional 16,180 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in GAP by 1.1% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 184,257 shares of the apparel retailer’s stock worth $4,746,000 after acquiring an additional 2,012 shares in the last quarter. 57.82% of the stock is owned by institutional investors.
Shares of NYSE:GPS traded up $0.02 during midday trading on Friday, hitting $18.18. The stock had a trading volume of 6,148,384 shares, compared to its average volume of 7,738,331. GAP has a 12 month low of $17.12 and a 12 month high of $34.21. The stock has a market capitalization of $6.87 billion, a PE ratio of 7.02, a P/E/G ratio of 0.98 and a beta of 0.78. The company has a current ratio of 1.49, a quick ratio of 0.70 and a debt-to-equity ratio of 1.92.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date is Tuesday, July 9th. GAP’s dividend 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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