GAP (NYSE:GAP - Get Free Report) released its earnings results on Thursday. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.18, Zacks reports. GAP had a return on equity of 29.03% and a net margin of 5.40%. GAP updated its FY 2025 guidance to EPS.
Shares of GAP stock traded down $0.32 on Thursday, hitting $19.52. 16,022,058 shares of the company traded hands, compared to its average volume of 5,457,389. 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 has a 12-month low of $18.54 and a 12-month high of $30.75. The stock's 50-day moving average is $23.27. The company has a market cap of $7.36 billion, a P/E ratio of 9.04, a PEG ratio of 0.94 and a beta of 2.36.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be given a $0.165 dividend. This is an increase from GAP's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.66 dividend on an annualized basis and a yield of 3.38%. GAP's dividend payout ratio is presently 30.56%.
Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of GAP from $28.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. BMO Capital Markets upped their price target on GAP from $23.00 to $25.00 and gave the company a "market perform" rating in a report on Friday, November 22nd. JPMorgan Chase & Co. raised GAP from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $28.00 to $30.00 in a research note on Monday, December 2nd. Barclays boosted their target price on GAP from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Finally, Morgan Stanley increased their price target on GAP from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.27.
Get Our Latest Analysis on GAP
In other GAP news, 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 transaction, the director now directly owns 3,696,517 shares in the company, valued at $96,996,606.08. This trade represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder John J. Fisher sold 250,000 shares of the company's stock in a transaction dated 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 sale, the insider now owns 1,000,752 shares of the company's stock, valued at approximately $24,198,183.36. This trade represents a 19.99 % 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 valued at $15,642,893. Insiders own 31.00% of the company's stock.
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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