Zacks Research Brokers Raise Earnings Estimates for GAP

The Gap, Inc. (NYSE:GAP - Free Report) - Equities researchers at Zacks Research lifted their Q1 2027 earnings per share (EPS) estimates for shares of GAP in a report issued on Thursday, June 12th. Zacks Research analyst R. Lohia now expects that the company will earn $0.49 per share for the quarter, up from their prior forecast of $0.47. The consensus estimate for GAP's current full-year earnings is $2.02 per share. Zacks Research also issued estimates for GAP's FY2028 earnings at $2.54 EPS.

A number of other research firms also recently commented on GAP. Morgan Stanley decreased their price target on GAP from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Robert W. Baird reduced their target price on GAP from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Telsey Advisory Group reiterated a "market perform" rating and issued a $26.00 target price on shares of GAP in a research report on Friday, May 30th. Wells Fargo & Company downgraded GAP from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $30.00 to $24.00 in a report on Wednesday, April 30th. Finally, Jefferies Financial Group restated a "hold" rating and set a $29.00 price objective (up from $26.00) on shares of GAP in a research note on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, GAP has a consensus rating of "Moderate Buy" and an average price target of $28.47.

GAP Stock Down 0.6%

Shares of GAP traded down $0.12 during midday trading on Monday, hitting $20.87. The company had a trading volume of 7,630,630 shares, compared to its average volume of 7,802,647. The company's 50 day moving average price is $22.89 and its 200 day moving average price is $22.80. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 2.26 and a beta of 2.20. GAP has a 52 week low of $16.99 and a 52 week high of $29.29. The company has a quick ratio of 0.98, a current ratio of 1.71 and a debt-to-equity ratio of 0.45.

GAP (NYSE:GAP - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.07. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.41 billion. GAP had a net margin of 5.80% and a return on equity of 27.86%. The business's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share.

GAP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 9th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.16%. GAP's dividend payout ratio (DPR) is presently 28.57%.

Insider Buying and Selling

In other GAP news, CEO Mark Breitbard sold 51,385 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $27.00, for a total value of $1,387,395.00. Following the sale, the chief executive officer now owns 123,985 shares in the company, valued at approximately $3,347,595. This trade represents a 29.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Horacio Barbeito sold 40,764 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $20.07, for a total value of $818,133.48. Following the transaction, the chief executive officer now owns 308 shares of the company's stock, valued at approximately $6,181.56. This represents a 99.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 30.56% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Hexagon Capital Partners LLC bought a new stake in shares of GAP during the first quarter valued at about $30,000. First Horizon Advisors Inc. acquired a new position in GAP during the 1st quarter valued at about $75,000. Brooklyn Investment Group bought a new stake in shares of GAP during the 1st quarter worth about $80,000. Deseret Mutual Benefit Administrators acquired a new stake in shares of GAP in the 1st quarter worth approximately $81,000. Finally, Covestor Ltd acquired a new stake in shares of GAP in the 1st quarter worth approximately $82,000. Institutional investors own 58.81% of the company's stock.

About GAP

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.