Research Analysts Offer Predictions for Gap Inc’s Q1 2019 Earnings (GPS)

Gap Inc (NYSE:GPS) – Analysts at SunTrust Banks issued their Q1 2019 earnings per share estimates for shares of GAP in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst P. Quintiliano expects that the apparel retailer will earn $0.42 per share for the quarter. SunTrust Banks currently has a “Hold” rating and a $27.00 price objective on the stock. SunTrust Banks also issued estimates for GAP’s Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.55 EPS and Q4 2019 earnings at $0.67 EPS.

Several other equities analysts have also recently issued reports on GPS. Oppenheimer set a $33.00 target price on GAP and gave the company a “buy” rating in a research note on Monday, October 30th. Royal Bank of Canada set a $26.00 target price on GAP and gave the company a “hold” rating in a research note on Monday, October 30th. KeyCorp reaffirmed a “buy” rating and issued a $33.00 price target on shares of GAP in a research note on Friday, November 3rd. Zacks Investment Research cut GAP from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Finally, TheStreet cut GAP from a “b” rating to a “c+” rating in a research note on Monday, November 13th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. GAP has an average rating of “Hold” and an average price target of $28.97.

GAP (NYSE:GPS) traded up $0.20 on Thursday, hitting $32.57. The stock had a trading volume of 2,267,996 shares, compared to its average volume of 4,568,761. The company has a quick ratio of 0.77, a current ratio of 1.73 and a debt-to-equity ratio of 0.41. GAP has a 52-week low of $21.02 and a 52-week high of $35.68. The stock has a market capitalization of $12,528.98, a PE ratio of 14.83, a PEG ratio of 1.75 and a beta of 0.86.

Several large investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB lifted its holdings in shares of GAP by 9.6% during the fourth quarter. Xact Kapitalforvaltning AB now owns 32,336 shares of the apparel retailer’s stock valued at $1,101,000 after purchasing an additional 2,819 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of GAP by 24.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 91,871 shares of the apparel retailer’s stock valued at $3,130,000 after purchasing an additional 17,822 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of GAP by 141.6% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 141,099 shares of the apparel retailer’s stock valued at $4,806,000 after purchasing an additional 82,697 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of GAP by 37.4% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 16,900 shares of the apparel retailer’s stock valued at $576,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Banco de Sabadell S.A bought a new position in shares of GAP during the fourth quarter valued at $972,000. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Brent Hyder sold 5,839 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $33.04, for a total transaction of $192,920.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Dara Bazzano sold 1,593 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $30.04, for a total value of $47,853.72. Following the transaction, the vice president now directly owns 2,866 shares in the company, valued at $86,094.64. The disclosure for this sale can be found here. Insiders sold 1,533,887 shares of company stock worth $48,356,763 over the last three months. Corporate insiders own 27.30% of the company’s stock.

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About GAP

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.

Earnings History and Estimates for GAP (NYSE:GPS)

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