Gap Inc (GPS) Defies Retail Landscape With Q1 Comp and Earnings Growth

Jon Howard
May 20, 2017

Today, you can download 7 Best Stocks for the Next 30 Days. Xact Kapitalforvaltning AB's holdings in Gap were worth $664,000 as of its most recent filing with the SEC.

Further, the company anticipates comps growth to range from flat to improve marginally. Foster & Motley Inc. bought a new stake in shares of Gap during the first quarter valued at approximately $217,000.

The Gap, Inc. (Gap Inc.) is an apparel retail company.

Saba Capital Management Lp increased Tenet Healthcare Corp (NYSE:THC) stake by 119,605 shares to 173,095 valued at $2.57M in 2016Q4. Moreover, Utd Services Automobile Association has 0.01% invested in Gap Inc (NYSE:GPS) for 126,834 shares. (NASDAQ:CROX). Central State Bank & accumulated 650 shares or 0% of the stock.

Analysts await Gap Inc (NYSE:GPS) to report earnings on May, 18 after the close. The company had a trading volume of 13,345,716 shares.

The Gap, an apparel retail company. The stock has a 50 day moving average of $24.97 and a 200-day moving average of $24.74. Market capitalization (market cap) is the total dollar market value of all of a company's outstanding shares. Gap also was the recipient of unusually large options trading activity on Thursday. This is an increase of approximately 695% compared to the typical daily volume of 3,964 put options.

Gap (NYSE:GPS) last posted its quarterly earnings results on Thursday, May 18th.

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Gap reaffirms FY 2018 EPS guidance of $1.95-$2.05 vs. $1.99 analyst consensus estimate, and continues to expect 2017 comparable sales to be flat to up slightly; the company has been reining in costs, shuttering underperforming stores and building up its e-commerce capacity.

24 number of analysts have estimated the sales of the company for the quarter ending Aug 17, 2017, analysts estimated mean sale target of 3780.53 million while high and low sale targets are estimated at 4031 million and 3673 million respectively. It has a return on equity (ROE) of 20.60%. That value represents a market adjusting for revenues that have been growing by 1.00 % on a quarterly year/year basis as of the company's last quarterly report. The apparel retailer reported $0.36 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.29 by $0.07. For the full year, analysts have forecast EPS of $1.99 and revenues of $15.58 billion. Investors of record on Wednesday, July 5th will be given a dividend of $0.23 per share.

The stock decreased 3.82% or $0.25 during the last trading session, reaching $6.3. Gap's dividend payout ratio (DPR) is 55.09%. The legal version of this report can be read at Citigroup maintained Gap Inc (NYSE:GPS) rating on Friday, August 19.

A number of equities analysts have weighed in on Global Positioning System shares. Finally, MKM Partners reiterated a "neutral" rating and issued a $28.00 price target on shares of Gap in a research report on Tuesday, February 7th. Vetr downgraded shares of Gap from a "buy" rating to a "hold" rating and set a $24.84 price target for the a research report on Thursday, April 20th.

Analysts on average have given a price target of $24.92 to The Gap, Inc. Analysts have a mean recommendation of 3.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

A Thursday note from RBC Capital Markets begins with the headline, "Old Navy Shines In a Tough Environment, but Investors Likely to Remain Skeptical".

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