Key Points
- Insider sale: Director Julie Gruber sold 62,073 shares on Nov. 25 at an average price of $27.00 for a $1.676M transaction, cutting her stake by 62.4% to 37,395 shares (SEC filing).
- Earnings beat and analyst view: GAP reported $0.62 EPS vs. $0.58 expected and $3.94B revenue (up 3% YoY); analysts are split (8 Buy, 8 Hold) with a consensus target of about $27.57 and a "Moderate Buy" average rating.
- Dividend announced: GAP declared a quarterly dividend of $0.165 per share (annualized $0.66) with a 2.4% yield, ex-dividend date Jan. 7 and payable Jan. 28.
The Gap, Inc. (NYSE:GAP - Get Free Report) Director Elisabeth Donohue sold 3,000 shares of the company's stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $27.11, for a total value of $81,330.00. Following the sale, the director owned 1,000 shares in the company, valued at approximately $27,110. This trade represents a 75.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
GAP Stock Up 3.7%
Shares of NYSE:GAP traded up $0.98 during trading on Thursday, hitting $27.58. 10,527,463 shares of the company were exchanged, compared to its average volume of 9,261,804. The stock has a market capitalization of $10.23 billion, a P/E ratio of 11.79, a PEG ratio of 2.70 and a beta of 2.17. The Gap, Inc. has a 12-month low of $16.99 and a 12-month high of $29.29. The firm's 50 day moving average price is $22.77 and its 200-day moving average price is $22.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.68 and a quick ratio of 0.96.
GAP (NYSE:GAP - Get Free Report) last issued its quarterly earnings results on Thursday, November 20th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.04. The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. GAP had a net margin of 5.86% and a return on equity of 27.04%. GAP's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. GAP has set its FY 2025 guidance at EPS. On average, research analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.
GAP Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 7th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, January 7th. GAP's dividend payout ratio is 29.46%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Bank of America upped their price objective on shares of GAP from $23.00 to $27.00 and gave the company a "neutral" rating in a research note on Friday, November 21st. Morgan Stanley boosted their price target on GAP from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Friday, November 21st. JPMorgan Chase & Co. upped their price target on shares of GAP from $32.00 to $36.00 and gave the stock an "overweight" rating in a research report on Friday, November 21st. Citigroup raised their target price on GAP from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Monday. Finally, Telsey Advisory Group upped their price objective on shares of GAP from $24.00 to $26.00 and gave the company a "market perform" rating in a research report on Friday, November 21st. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, GAP presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.57.
Check Out Our Latest Analysis on GAP
Institutional Investors Weigh In On GAP
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of GAP during the 3rd quarter valued at $27,000. Cornerstone Planning Group LLC purchased a new position in shares of GAP during the 3rd quarter valued at $35,000. Brooklyn Investment Group purchased a new stake in shares of GAP during the 1st quarter worth about $80,000. Covestor Ltd acquired a new stake in GAP in the first quarter valued at approximately $82,000. Finally, Plato Investment Management Ltd bought a new position in GAP during the first quarter valued at about $121,000. Institutional investors own 58.81% of the company's stock.
GAP Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
