GAP (NYSE:GAP) Releases Quarterly Earnings Results

GAP (NYSE:GAP) posted its quarterly earnings data on Thursday. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45, FiscalAI reports. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.24 billion. GAP had a return on equity of 24.91% and a net margin of 5.57%.

GAP Stock Performance

GAP traded down $0.59 on Thursday, reaching $27.15. The company had a trading volume of 15,412,659 shares, compared to its average volume of 7,370,527. The company has a quick ratio of 0.97, a current ratio of 1.72 and a debt-to-equity ratio of 0.41. GAP has a 1 year low of $16.99 and a 1 year high of $29.36. The stock has a market capitalization of $10.10 billion, a PE ratio of 12.12, a P/E/G ratio of 2.80 and a beta of 2.29. The stock has a 50-day moving average price of $27.31 and a 200-day moving average price of $24.89.

GAP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 8th will be paid a dividend of $0.175 per share. The ex-dividend date is Wednesday, April 8th. This represents a $0.70 annualized dividend and a yield of 2.6%. This is an increase from GAP’s previous quarterly dividend of $0.17. GAP’s dividend payout ratio (DPR) is 31.25%.

Insider Transactions at GAP

In related news, Director William Sydney Fisher sold 11,140 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $26.81, for a total value of $298,663.40. Following the completion of the sale, the director directly owned 2,753,453 shares of the company’s stock, valued at $73,820,074.93. This represents a 0.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder John J. Fisher sold 3,971 shares of GAP stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $27.04, for a total value of $107,375.84. Following the transaction, the insider directly owned 746,781 shares in the company, valued at approximately $20,192,958.24. This trade represents a 0.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 133,971 shares of company stock worth $3,629,264. Corporate insiders own 30.56% of the company’s stock.

Hedge Funds Weigh In On GAP

A number of hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC grew its position in GAP by 146.4% during the 2nd quarter. Lazard Asset Management LLC now owns 123,726 shares of the company’s stock worth $2,697,000 after purchasing an additional 73,516 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of GAP by 42.7% during the second quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company’s stock worth $96,134,000 after buying an additional 1,318,322 shares during the period. California State Teachers Retirement System grew its holdings in shares of GAP by 0.8% during the second quarter. California State Teachers Retirement System now owns 226,506 shares of the company’s stock worth $4,940,000 after buying an additional 1,703 shares during the last quarter. Captrust Financial Advisors increased its position in GAP by 85.2% in the 2nd quarter. Captrust Financial Advisors now owns 37,119 shares of the company’s stock valued at $810,000 after acquiring an additional 17,079 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in GAP by 16.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 37,093 shares of the company’s stock valued at $793,000 after acquiring an additional 5,326 shares during the last quarter. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on GAP shares. Guggenheim assumed coverage on GAP in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Barclays reissued an “overweight” rating on shares of GAP in a research report on Tuesday, January 6th. Morgan Stanley upped their target price on shares of GAP from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Citigroup raised their target price on shares of GAP from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, November 24th. Finally, UBS Group upgraded shares of GAP from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $41.00 in a report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.54.

GAP Company Profile

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.