GAP (GAP) to Release Earnings on Thursday

GAP (NYSE:GAP) is set to release its earnings data after the market closes on Thursday, November 21st. Analysts expect GAP to post earnings of $0.57 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

GAP (NYSE:GAP) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.15. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. GAP had a return on equity of 28.89% and a net margin of 5.05%. On average, analysts expect GAP to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

GAP Price Performance

NYSE GAP opened at $21.39 on Tuesday. The company’s fifty day moving average price is $21.24. The company has a market cap of $8.05 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 1.23 and a beta of 2.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.49 and a quick ratio of 0.84. GAP has a 1-year low of $17.51 and a 1-year high of $30.75.

GAP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.60 annualized dividend and a dividend yield of 2.81%. GAP’s payout ratio is 29.70%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 target price on shares of GAP in a report on Monday. Wells Fargo & Company cut their price target on GAP from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Argus upgraded GAP to a “hold” rating in a research note on Thursday, September 19th. Finally, JPMorgan Chase & Co. increased their price target on GAP from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th.

Insider Buying and Selling at GAP

In related news, CEO Horacio Barbeito sold 75,385 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $1,507,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 31.00% of the company’s stock.

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.