GAP (NYSE:GPS – Get Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.30-$0.60 for the period, compared to the consensus estimate of $1.34. The company issued revenue guidance of -.
Several equities research analysts have issued reports on the stock. TheStreet cut shares of GAP from a c rating to a d+ rating in a research note on Thursday, May 26th. B. Riley lowered their target price on shares of GAP from $13.00 to $12.00 and set a neutral rating for the company in a research note on Tuesday, May 31st. Morgan Stanley lowered GAP from an equal weight rating to an underweight rating and reduced their price target for the stock from $13.00 to $8.00 in a research note on Friday, May 27th. Daiwa Capital Markets downgraded GAP from a neutral rating to an underperform rating and set a $13.75 price objective for the company. in a research report on Wednesday, March 9th. Finally, Cowen reduced their target price on GAP from $16.00 to $12.00 and set a market perform rating on the stock in a research report on Tuesday, May 31st. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, GAP presently has an average rating of Hold and an average target price of $12.67.
GAP stock opened at $9.17 on Thursday. The firm has a market capitalization of $3.37 billion, a PE ratio of -43.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.67. GAP has a one year low of $8.75 and a one year high of $34.49. The stock’s 50 day moving average price is $11.99 and its 200 day moving average price is $14.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.53 and a current ratio of 1.44.
GAP (NYSE:GPS – Get Rating) last posted its earnings results on Thursday, May 26th. The apparel retailer reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.31). The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.49 billion. GAP had a positive return on equity of 7.43% and a negative net margin of 0.45%. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. On average, analysts forecast that GAP will post 0.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Wednesday, July 6th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.54%. The ex-dividend date is Tuesday, July 5th. GAP’s dividend payout ratio (DPR) is -285.71%.
A number of hedge funds have recently bought and sold shares of GPS. US Bancorp DE boosted its stake in shares of GAP by 34.9% during the 1st quarter. US Bancorp DE now owns 12,100 shares of the apparel retailer’s stock valued at $170,000 after buying an additional 3,132 shares during the last quarter. Covestor Ltd boosted its stake in GAP by 208.4% during the 1st quarter. Covestor Ltd now owns 6,923 shares of the apparel retailer’s stock valued at $97,000 after acquiring an additional 4,678 shares during the last quarter. Weiss Multi Strategy Advisers LLC acquired a new position in GAP during the 1st quarter worth $915,000. Parametric Portfolio Associates LLC increased its position in shares of GAP by 6.3% in the 4th quarter. Parametric Portfolio Associates LLC now owns 1,813,988 shares of the apparel retailer’s stock worth $32,017,000 after purchasing an additional 106,730 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of GAP by 54.9% in the 1st quarter. Rhumbline Advisers now owns 535,779 shares of the apparel retailer’s stock valued at $7,544,000 after purchasing an additional 189,872 shares in the last quarter. Institutional investors own 58.23% of the company’s stock.
GAP Company Profile (Get Rating)
The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.
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