Gap, Inc. (The) (NYSE:GPS) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $2.02-2.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.00.
Several research firms have commented on GPS. Deutsche Bank AG upped their price objective on Gap, Inc. (The) from $23.00 to $24.00 and gave the stock a hold rating in a research report on Friday. Zacks Investment Research upgraded Gap, Inc. (The) from a hold rating to a buy rating and set a $25.00 price objective on the stock in a research report on Friday. Oppenheimer Holdings, Inc. set a $28.00 price objective on Gap, Inc. (The) and gave the stock a buy rating in a research report on Thursday. Jefferies Group LLC set a $35.00 price objective on Gap, Inc. (The) and gave the stock a buy rating in a research report on Wednesday. Finally, FBR & Co set a $25.00 price objective on Gap, Inc. (The) and gave the stock a hold rating in a research report on Tuesday. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have given a buy rating to the company’s stock. Gap, Inc. (The) currently has an average rating of Hold and an average target price of $25.63.
Gap, Inc. (GPS) opened at 22.65 on Friday. The stock’s 50 day moving average price is $23.13 and its 200-day moving average price is $23.68. The stock has a market capitalization of $8.96 billion, a PE ratio of 13.09 and a beta of 0.87. Gap, Inc. has a 12-month low of $21.02 and a 12-month high of $30.74.
Gap, Inc. (The) (NYSE:GPS) last posted its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a return on equity of 28.79% and a net margin of 5.42%. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts expect that Gap, Inc. will post $2.00 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio (DPR) is presently 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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