GAP (NYSE:GAP – Get Free Report) is expected to be announcing its earnings results 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 Performance
Shares of GAP stock opened at $23.28 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 0.94 and a beta of 2.36. The business has a 50 day moving average of $23.54. GAP has a one year low of $18.72 and a one year high of $30.75.
GAP Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.83%. This is a boost from GAP’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, April 9th. GAP’s dividend payout ratio is 27.78%.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on GAP
Insider Buying and Selling at GAP
In other news, major shareholder John J. Fisher sold 250,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $24.18, for a total value of $6,045,000.00. Following the completion of the transaction, the insider now directly owns 1,000,752 shares of the company’s stock, valued at $24,198,183.36. The trade was a 19.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William Sydney Fisher sold 123,950 shares of GAP stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $26.24, for a total value of $3,252,448.00. Following the completion of 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 quarter, insiders sold 955,375 shares of company stock valued at $24,316,219. 31.00% of the stock is owned by company insiders.
GAP Company Profile
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.
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