GAP (GAP) Expected to Announce Quarterly Earnings on Thursday

GAP (NYSE:GAP) 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

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. UBS Group raised GAP from a “sell” rating to a “neutral” rating and lifted their target price for the company from $16.00 to $26.00 in a research report on Friday, January 10th. Telsey Advisory Group reissued a “market perform” rating and set a $26.00 price target on shares of GAP in a research report on Monday, November 18th. Evercore ISI lifted their price objective on shares of GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised shares of GAP from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $28.00 to $30.00 in a research note on Monday, December 2nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.27.

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.