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Gap Inc Q1 Earnings Beat, Led By Old Navy

Gap Inc Q1 Earnings Beat, Led By Old Navy

(GPS) is $24.92/share according to the consensus of analysts working on the stock, with an expected EPS of $0.56/share for the current quarter. The shares were sold at an average price of $24.88, for a total value of $124,400.00. (NASDAQ:CROX). Central State Bank & accumulated 650 shares or 0% of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

In the quarter ending July 2016, The Gap, Inc. delivered an even larger earnings beat. Following the sale, the director now owns 8,867,728 shares of the company's stock, valued at approximately $217,968,754.24. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 13.20 and a beta of 0.99.

The Gap, Inc. (GPS)'s distance from 200 day simple moving average is 0.87 percent, its distance from 50 day simple moving average is 0.26 percent, while its distance from 20 day simple moving average is -4.59 percent. This is an increase of 695% compared to the typical volume of 3,964 put options.

Gap Inc (NYSE:GPS) is expected to release the earnings of its current quarter on 5/18/17 After Market Close. Barrow Hanley Mewhinney And Strauss Limited Liability Company, Texas-based fund reported 3.52 million shares. It has a return on equity (ROE) of 20.60%.

Fueled by favorable comps, net sales remained almost flat with the year-ago quarter at $3,440 million.

The company has mean EPS estimate of 0.6 reported by 26 number of analyst for the quarter ending Aug 17, 2017. Out of 33 Wall Street analysts rating The Gap Inc., 4 give it "Buy", 6 "Sell" rating, while 23 recommend "Hold".

For fiscal 2017, the company reaffirmed its full-year diluted earnings per share guidance to be in the range of $1.95 to $2.05.

The company ended seven straight quarters of sales declines in the fourth quarter, with sales rising one per cent. Investors of record on Wednesday, July 5th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.97%. Gap's dividend payout ratio (DPR) is presently 55.09%.

ILLEGAL ACTIVITY WARNING: This article was first reported by Markets Daily and is owned by of Markets Daily. Global Positioning System generated revenue of $3.79 Billion in the same quarter, one year ago. 500,000 Gap Inc (NYSE:GPS) shares with value of $12.29M were sold by FISHER ROBERT J. Click to get this free report Click for Free Gap, Inc. On Friday, October 9 the stock rating was maintained by RBC Capital Markets with "Sector Perform". The stock's average target of $28.56 is 23.16% above today's ($23.19) share price. Sei Investments holds 0.03% of its portfolio in Gap Inc (NYSE:GPS) for 243,261 shares. TheStreet upgraded shares of Gap from a "c" rating to a "b-" rating in a research note on Thursday, April 20th.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.94 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. The stock's current RSI reading is at 35.83.

Several large investors have recently made changes to their positions in GPS. Clinton Group Inc. increased its stake in shares of Gap by 1,076.5% in the third quarter. Folger Hill Asset Management LP bought a new stake in shares of Gap during the fourth quarter valued at approximately $225,000. It has a 13.71 P/E ratio. Regentatlantic Capital LLC bought a new stake in Gap during the third quarter worth about $211,000.

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