Gap, Inc. (The) (GPS) to Post Q3 2019 Earnings of $0.60 Per Share, Oppenheimer Holdings Forecasts

Gap, Inc. (The) (NYSE:GPS) – Equities researchers at Oppenheimer Holdings cut their Q3 2019 earnings per share (EPS) estimates for shares of Gap, Inc. (The) in a research note issued to investors on Thursday. Oppenheimer Holdings analyst A. Andreeva now forecasts that the apparel retailer will post earnings of $0.60 per share for the quarter, down from their previous forecast of $0.61. Oppenheimer Holdings currently has a “Buy” rating and a $33.00 target price on the stock.

Gap, Inc. (The) (NYSE:GPS) last released its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Gap, Inc. (The) had a return on equity of 27.47% and a net margin of 5.57%. Gap, Inc. (The)’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share.

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Several other research firms have also recently issued reports on GPS. Barclays PLC initiated coverage on Gap, Inc. (The) in a research report on Tuesday, September 19th. They issued an “overweight” rating and a $32.00 price objective for the company. Robert W. Baird set a $28.00 target price on Gap, Inc. (The) and gave the company a “hold” rating in a report on Friday. Zacks Investment Research raised Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Thursday, September 21st. Jefferies Group LLC set a $35.00 target price on Gap, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, B. Riley set a $25.00 target price on Gap, Inc. (The) and gave the company a “hold” rating in a report on Friday. Four investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $27.51.

Gap, Inc. (GPS) traded up $1.92 during trading hours on Monday, reaching $29.40. The company’s stock had a trading volume of 18,235,500 shares, compared to its average volume of 5,984,229. The stock has a market capitalization of $11,530.00, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.77 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 0.77. Gap, Inc. has a 1 year low of $21.02 and a 1 year high of $30.14.

Hedge funds have recently modified their holdings of the company. Ffcm LLC grew its holdings in shares of Gap, Inc. (The) by 198.0% during the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after buying an additional 3,519 shares in the last quarter. James Investment Research Inc. purchased a new position in Gap, Inc. (The) in the second quarter valued at about $144,000. Howe & Rusling Inc. purchased a new position in Gap, Inc. (The) in the third quarter valued at about $190,000. AE Wealth Management LLC purchased a new position in Gap, Inc. (The) in the third quarter valued at about $223,000. Finally, Paragon Capital Management Ltd purchased a new position in Gap, Inc. (The) in the second quarter valued at about $229,000. Institutional investors and hedge funds own 57.67% of the company’s stock.

In other news, EVP Paul Joseph Chapman sold 4,898 shares of Gap, Inc. (The) stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total transaction of $111,772.36. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director William Sydney Fisher sold 666,849 shares of Gap, Inc. (The) stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $27.99, for a total value of $18,665,103.51. Following the transaction, the director now owns 12,237,873 shares in the company, valued at approximately $342,538,065.27. The disclosure for this sale can be found here. Insiders have sold 676,682 shares of company stock worth $18,906,180 over the last ninety days. 27.30% of the stock is owned by insiders.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Tuesday, January 2nd. Gap, Inc. (The)’s dividend payout ratio (DPR) is presently 42.20%.

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.

Earnings History and Estimates for Gap, Inc. (The) (NYSE:GPS)

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