Gap Inc (NYSE:GPS) – Investment analysts at B. Riley lowered their FY2019 EPS estimates for GAP in a research note issued on Wednesday, November 7th. B. Riley analyst S. Anderson now forecasts that the apparel retailer will post earnings per share of $2.60 for the year, down from their prior forecast of $2.63. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for GAP’s Q4 2019 earnings at $0.75 EPS and FY2020 earnings at $2.74 EPS.

GAP (NYSE:GPS) last announced its earnings results on Thursday, August 23rd. The apparel retailer reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.04. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.02 billion. GAP had a net margin of 5.43% and a return on equity of 29.25%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS.

GPS has been the subject of a number of other reports. Citigroup upgraded shares of GAP from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Monday, August 27th. They noted that the move was a valuation call. Wedbush set a $25.00 price objective on shares of GAP and gave the stock a “neutral” rating in a research note on Thursday, October 11th. Zacks Investment Research downgraded shares of GAP from a “buy” rating to a “hold” rating in a research note on Tuesday, August 21st. JPMorgan Chase & Co. downgraded shares of GAP from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $30.00 to $24.00 in a research note on Thursday, October 18th. Finally, ValuEngine downgraded shares of GAP from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Two 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. GAP has a consensus rating of “Hold” and a consensus price target of $32.72.

GAP stock opened at $27.48 on Friday. GAP has a one year low of $25.27 and a one year high of $35.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.96 and a quick ratio of 1.02. The stock has a market cap of $10.54 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.18 and a beta of 0.71.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 10th were paid a $0.2425 dividend. The ex-dividend date of this dividend was Tuesday, October 9th. This represents a $0.97 annualized dividend and a yield of 3.53%. GAP’s dividend payout ratio (DPR) is currently 45.54%.

A number of large investors have recently modified their holdings of the stock. IFM Investors Pty Ltd lifted its stake in GAP by 16.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 12,571 shares of the apparel retailer’s stock valued at $407,000 after purchasing an additional 1,769 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in GAP by 28.8% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,928 shares of the apparel retailer’s stock valued at $246,000 after acquiring an additional 1,772 shares during the period. LPL Financial LLC raised its holdings in GAP by 15.0% in the 1st quarter. LPL Financial LLC now owns 13,647 shares of the apparel retailer’s stock valued at $426,000 after acquiring an additional 1,783 shares during the period. CIBC Asset Management Inc raised its holdings in GAP by 5.6% in the 2nd quarter. CIBC Asset Management Inc now owns 33,709 shares of the apparel retailer’s stock valued at $1,092,000 after acquiring an additional 1,784 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in GAP by 2.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 69,970 shares of the apparel retailer’s stock valued at $2,264,000 after acquiring an additional 1,830 shares during the period. Institutional investors and hedge funds own 57.95% of the company’s stock.

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, 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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