The Gap, Inc. to Issue Quarterly Dividend of $0.18 (NYSE:GAP)

The Gap, Inc. (NYSE:GAP) announced a quarterly dividend on Tuesday, May 12th. Stockholders of record on Wednesday, July 8th will be paid a dividend of 0.175 per share on Wednesday, July 29th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, July 8th.

GAP has a dividend payout ratio of 28.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect GAP to earn $2.61 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 26.8%.

GAP Trading Down 1.3%

Shares of NYSE:GAP traded down $0.29 during mid-day trading on Wednesday, hitting $21.13. The company had a trading volume of 3,008,889 shares, compared to its average volume of 7,646,134. The firm has a fifty day moving average price of $24.80 and a 200 day moving average price of $25.76. GAP has a one year low of $18.68 and a one year high of $29.36. The company has a market capitalization of $7.72 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 1.26 and a beta of 2.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.75 and a quick ratio of 1.08.

GAP (NYSE:GAP) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.24 billion. GAP had a return on equity of 22.98% and a net margin of 5.31%.GAP’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. As a group, research analysts forecast that GAP will post 2.3 EPS for the current year.

Insider Transactions at GAP

In other news, insider Sarah Gilligan sold 69,912 shares of GAP stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $25.00, for a total transaction of $1,747,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder John J. Fisher sold 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $25.40, for a total transaction of $7,620,000.00. Following the completion of the transaction, the insider directly owned 446,781 shares of the company’s stock, valued at approximately $11,348,237.40. This represents a 40.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 923,098 shares of company stock worth $22,648,158. 31.00% of the stock is owned by insiders.

Institutional Investors Weigh In On GAP

A number of hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP bought a new stake in GAP in the third quarter worth $1,845,000. LSV Asset Management boosted its position in GAP by 4.9% during the 3rd quarter. LSV Asset Management now owns 3,341,701 shares of the company’s stock valued at $71,479,000 after buying an additional 157,224 shares during the period. Quent Capital LLC boosted its position in GAP by 1,900.2% during the 4th quarter. Quent Capital LLC now owns 21,202 shares of the company’s stock valued at $543,000 after buying an additional 20,142 shares during the period. Neo Ivy Capital Management bought a new position in shares of GAP during the third quarter valued at about $3,555,000. Finally, Miller Howard Investments Inc. NY purchased a new position in GAP during the 4th quarter valued at about $20,561,000. 58.81% of the stock is currently owned by institutional investors.

About GAP

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.