During the same quarter previous year, the company posted $0.60 earnings per share. The business had revenue of $3.84 billion during the quarter, compared to analysts' expectations of $3.76 billion. They expect $0.20 earnings per share, down 41.18% or $0.14 from last year's $0.34 per share. The business's revenue for the quarter was up 1.0% on a year-over-year basis. Eaton Vance Mgmt has 0.01% invested in Gap Inc (NYSE:GPS). (The) in a research note issued on Friday. As of quarter end Mitsubishi Ufj Trust & Banking Corp had disposed of 6,032 shares trimming its holdings by 1.2%. $28.47's average target is -3.98% below currents $29.65 stock price. Acropolis Investment Management Limited Company reported 0.08% of its portfolio in Gap Inc (NYSE:GPS). (The)'s Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.60 EPS, FY2018 earnings at $2.05 EPS and FY2019 earnings at $2.17 EPS. Vetr downgraded Gap, Inc.
The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 11.5%, and has a solid year to date (YTD) performance of 22.46% which means that the stock is constantly adding to its value from the previous fiscal year end price. Zacks Investment Research upgraded Gap, Inc. (The) from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $27.00 to $25.00 in a report on Friday, November 18th. Cantor Fitzgerald maintained Gap Inc (NYSE:GPS) rating on Friday, September 4. Gemmer Asset Management Lc has invested 0% of its portfolio in Gap Inc (NYSE:GPS). (The) in a report on Tuesday, November 29th. BMO Capital Markets set a $23.00 target price on shares of Gap, Inc. (The) in a report on Tuesday, November 8th. Royal Bank Of Canada reissued a hold rating and set a $26.00 price objective on shares of Gap, Inc. Louisiana State Employees Retirement System grew its stake in shares of Gap, Inc. Also, CEO Jeff Kirwan sold 1,000 shares of Gap, Inc. Following the sale, the director now directly owns 12,237,873 shares in the company, valued at approximately $342,538,065.27. The stock of Gap Inc (NYSE:GPS) earned "Underperform" rating by Mizuho on Wednesday, September 30.
Several institutional investors have recently made changes to their positions in the company. Howe & Rusling Inc. acquired a new stake in shares of Gap, Inc. American International Group Inc. now owns 15,249,281 shares of the apparel retailer's stock worth $339,144,000 after buying an additional 868,093 shares during the period. 60 funds opened positions while 136 raised stakes. (The) by 3.5% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,354 shares of the apparel retailer's stock worth $360,000 after acquiring an additional 80 shares in the last quarter. Ffcm LLC lifted its holdings in shares of Gap, Inc. (The) by 16,151.9% in the third quarter. The apparel retailer reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.04. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Gap, Inc. The stock has "Buy" rating by Cowen & Co on Thursday, July 27. Finally, B. Riley set a $25.00 price objective on Gap, Inc. (The) by 2.0% during the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer's stock valued at $121,000 after purchasing an additional 3,519 shares during the period.
Here are a few institutional investors who have updated their positions.
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In other news, insider Andi Owen sold 38,278 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $27.99, for a total transaction of $18,665,103.51. Guinness Asset Management Ltd owns 259,323 shares or 1.03% of their USA portfolio. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
The company paid a dividend of $0.23 per share during the third quarter of fiscal year 2017. The ex-dividend date of this dividend is Tuesday, January 2nd. Gap, Inc. (The)'s payout ratio is 43.81%.
"Today, we are happy to report our fourth consecutive quarter of positive comps, reflecting the continued momentum in key parts of our business", said Art Peck, president and chief executive officer, Gap Inc.
The Gap, Inc.is a global specialty retailer which operates stores selling casual apparel, personal care and other accessories for men, women and children under the Gap, Banana Republic and Old Navy brands.