The Gap, Inc. (NYSE:GAP) Plans $0.15 Quarterly Dividend

The Gap, Inc. (NYSE:GAP) announced a quarterly dividend on Tuesday, November 12th,RTT News reports. Shareholders of record on Wednesday, January 8th will be given a dividend of 0.15 per share on Wednesday, January 29th. This represents a $0.60 dividend on an annualized basis and a yield of 2.74%.

GAP has a payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Analysts expect GAP to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 29.7%.

GAP Stock Down 2.1 %

NYSE:GAP traded down $0.46 on Tuesday, reaching $21.90. The company’s stock had a trading volume of 5,427,207 shares, compared to its average volume of 7,004,377. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 1.24 and a beta of 2.35. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. GAP has a 12-month low of $13.11 and a 12-month high of $30.75. The company has a 50 day moving average of $21.18.

GAP (NYSE:GAP) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. GAP had a net margin of 5.05% and a return on equity of 28.89%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. Equities research analysts expect that GAP will post 1.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on GAP. Telsey Advisory Group reiterated a “market perform” rating and issued a $26.00 price target on shares of GAP in a research report on Friday, October 11th. JPMorgan Chase & Co. raised their price target on GAP from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Argus raised shares of GAP to a “hold” rating in a research note on Thursday, September 19th. Finally, Wells Fargo & Company cut their price objective 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.

Insider Buying and Selling

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

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.