FY2027 EPS Estimates for The Gap, Inc. (NYSE:GPS) Boosted by Zacks Research

The Gap, Inc. (NYSE:GPS - Free Report) - Stock analysts at Zacks Research lifted their FY2027 earnings per share estimates for shares of GAP in a research note issued on Thursday, April 18th. Zacks Research analyst R. Lohia now forecasts that the apparel retailer will earn $1.55 per share for the year, up from their prior estimate of $1.51. The consensus estimate for GAP's current full-year earnings is $1.36 per share.

GPS has been the topic of a number of other reports. Wells Fargo & Company lifted their price objective on shares of GAP from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, March 22nd. Telsey Advisory Group raised their price target on shares of GAP from $17.00 to $22.00 and gave the company a "market perform" rating in a research note on Friday, March 8th. StockNews.com raised shares of GAP from a "hold" rating to a "buy" rating in a research note on Thursday, February 15th. TheStreet upgraded GAP from a "c" rating to a "b-" rating in a research note on Thursday, March 7th. Finally, Evercore ISI upped their target price on GAP from $22.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $18.89.

GAP Price Performance

GAP stock traded down $0.28 during trading hours on Friday, reaching $20.76. 5,390,793 shares of the stock were exchanged, compared to its average volume of 7,592,713. The stock has a 50 day moving average of $22.53 and a two-hundred day moving average of $19.17. The company has a market cap of $7.75 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 1.30 and a beta of 2.28. The company has a current ratio of 1.42, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. GAP has a twelve month low of $7.22 and a twelve month high of $28.59.

GAP (NYSE:GPS - Get Free Report) last released its earnings results on Thursday, March 7th. The apparel retailer reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.29. GAP had a return on equity of 22.56% and a net margin of 3.37%. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the company posted ($0.75) EPS. The company's revenue was up 1.3% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hennessy Advisors Inc. increased its holdings in shares of GAP by 14.1% during the first quarter. Hennessy Advisors Inc. now owns 2,305,600 shares of the apparel retailer's stock valued at $63,519,000 after acquiring an additional 285,000 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in GAP by 2.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 81,384 shares of the apparel retailer's stock valued at $1,702,000 after purchasing an additional 2,223 shares in the last quarter. Putnam Investments LLC raised its holdings in GAP by 148.6% during the fourth quarter. Putnam Investments LLC now owns 67,756 shares of the apparel retailer's stock worth $1,417,000 after buying an additional 40,503 shares during the last quarter. VitalStone Financial LLC bought a new position in shares of GAP in the fourth quarter valued at $197,000. Finally, State of Tennessee Treasury Department acquired a new position in shares of GAP during the fourth quarter valued at about $2,363,000. 58.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at GAP

In other news, insider Julie Gruber sold 24,180 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $23.00, for a total transaction of $556,140.00. Following the completion of the sale, the insider now owns 1,384 shares of the company's stock, valued at approximately $31,832. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Sarah Gilligan sold 29,425 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $22.58, for a total transaction of $664,416.50. Following the transaction, the insider now owns 1,697 shares in the company, valued at $38,318.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Julie Gruber sold 24,180 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $23.00, for a total transaction of $556,140.00. Following the transaction, the insider now directly owns 1,384 shares in the company, valued at approximately $31,832. The disclosure for this sale can be found here. Over the last three months, insiders have sold 266,723 shares of company stock valued at $6,886,765. 30.81% of the stock is currently owned by company insiders.

GAP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $0.60 dividend on an annualized basis and a yield of 2.89%. GAP's payout ratio is currently 44.78%.

About GAP

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 adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.