GAP (GAP) to Release Quarterly Earnings on Thursday

GAP (NYSE:GAP - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, November 21st. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

GAP (NYSE:GAP - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.15. GAP had a return on equity of 28.89% and a net margin of 5.05%. The firm had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. On average, analysts expect GAP to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

GAP Trading Down 1.1 %

GAP stock traded down $0.24 during mid-day trading on Thursday, hitting $22.10. The stock had a trading volume of 3,114,603 shares, compared to its average volume of 6,974,021. GAP has a 1-year low of $13.43 and a 1-year high of $30.75. The business's fifty day moving average price is $21.16. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 0.51. The stock has a market cap of $8.32 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 1.25 and a beta of 2.35.

GAP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, January 8th. GAP's dividend payout ratio (DPR) is presently 29.70%.

Insider Buying and Selling

In related news, CEO Horacio Barbeito sold 75,385 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction of $1,507,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 31.00% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GAP shares. Wells Fargo & Company cut their price target on shares of GAP from $32.00 to $28.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. Argus raised GAP to a "hold" rating in a research report on Thursday, September 19th. Telsey Advisory Group reissued a "market perform" rating and set a $26.00 price objective on shares of GAP in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. raised their price objective on GAP from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Friday, August 30th.

GAP Company Profile

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.