GAP (NYSE:GAP) Issues Quarterly Earnings Results

GAP (NYSE:GAP) posted its quarterly earnings results on Thursday. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.36 by $0.18, Zacks reports. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.07 billion. GAP had a return on equity of 29.03% and a net margin of 5.40%. GAP updated its FY 2025 guidance to EPS.

GAP Trading Up 19.3 %

Shares of GAP stock opened at $23.24 on Friday. The firm has a market cap of $8.76 billion, a P/E ratio of 10.76, a PEG ratio of 0.94 and a beta of 2.36. GAP has a 12 month low of $18.54 and a 12 month high of $30.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84. The business’s fifty day simple moving average is $23.14.

GAP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from GAP’s previous quarterly dividend of $0.15. GAP’s dividend payout ratio (DPR) is presently 30.56%.

Insider Buying and Selling

In other GAP news, Director William Sydney Fisher sold 123,950 shares of GAP stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $26.24, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder John J. Fisher sold 250,000 shares of GAP stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $24.18, for a total value of $6,045,000.00. Following the completion of the sale, the insider now directly owns 1,000,752 shares in the company, valued at $24,198,183.36. This represents a 19.99 % decrease in their position. The disclosure for this sale can be found here. 31.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GAP shares. Morgan Stanley increased their target price on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Evercore ISI increased their target price on GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Robert W. Baird dropped their target price on GAP from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday. Wells Fargo & Company increased their target price on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Guggenheim reissued a “buy” rating and issued a $35.00 target price on shares of GAP in a report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.33.

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.