GAP (NYSE:GAP) Issues Quarterly Earnings Results

GAP (NYSE:GAP - Get Free Report) issued 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%. The business had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.07 billion. GAP updated its FY 2025 guidance to EPS.

GAP Price Performance

Shares of NYSE GAP traded up $3.76 during midday trading on Friday, hitting $23.24. The stock had a trading volume of 30,468,052 shares, compared to its average volume of 6,033,019. The stock has a 50-day simple moving average of $23.14. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 0.94 and a beta of 2.38. GAP has a fifty-two week low of $18.54 and a fifty-two week high of $30.75. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a $0.165 dividend. This is a boost from GAP's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, April 9th. GAP's dividend payout ratio (DPR) is 29.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. 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. Barclays increased their target price on GAP from $32.00 to $33.00 and gave the stock an "overweight" rating in a report on Friday. 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. Finally, Argus raised GAP from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $29.33.

Remove Ads

Insider Activity

In other news, major shareholder John J. Fisher sold 250,000 shares of the firm'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 transaction, the insider now directly owns 1,000,752 shares in the company, valued at $24,198,183.36. This trade represents a 19.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William Sydney Fisher sold 123,950 shares of the firm's stock in a transaction on 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 completion of the transaction, the director now owns 3,696,517 shares in the company, valued at $96,996,606.08. This represents a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.00% of the company's stock.

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.