GAP (GAP) Projected to Post Quarterly Earnings on Thursday

GAP (NYSE:GAP) is anticipated to issue its quarterly earnings data after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $0.36 per share and revenue of $4.07 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

GAP Stock Down 5.7 %

Shares of NYSE GAP opened at $21.31 on Tuesday. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.94 and a beta of 2.36. GAP has a 12-month low of $18.95 and a 12-month high of $30.75. The business’s fifty day moving average is $23.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54.

GAP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.10%. This is a positive change from GAP’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, April 9th. GAP’s dividend payout ratio (DPR) is 30.56%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GAP. Guggenheim reaffirmed a “buy” rating and issued a $35.00 price objective on shares of GAP in a research note on Friday, November 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 price objective on shares of GAP in a research note on Friday. Wells Fargo & Company raised their price objective on shares of GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Bank of America increased their target price on shares of GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Finally, BMO Capital Markets increased their target price on shares of GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $29.27.

Insider Buying and Selling

In related news, major shareholder John J. Fisher sold 250,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $24.18, for a total transaction of $6,045,000.00. Following the completion of the sale, the insider now owns 1,000,752 shares in the company, valued at approximately $24,198,183.36. This trade represents a 19.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William Sydney Fisher sold 123,950 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $26.24, for a total transaction of $3,252,448.00. Following the sale, the director now owns 3,696,517 shares of the company’s stock, valued at $96,996,606.08. This trade represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 617,818 shares of company stock worth $15,642,893. Insiders own 31.00% 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.