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

The Gap, Inc. (NYSE:GAP) declared a quarterly dividend on Tuesday, November 12th,RTT News reports. Shareholders of record on Wednesday, January 8th will be paid 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 2.69%.

GAP has a dividend payout ratio of 29.4% indicating that 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 Performance

NYSE:GAP opened at $22.34 on Thursday. GAP has a 52 week low of $13.43 and a 52 week high of $30.75. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The business’s 50-day simple moving average is $21.16. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.25 and a beta of 2.35.

GAP (NYSE:GAP) last announced its earnings results on Thursday, August 29th. The company reported $0.54 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.61 billion. Sell-side analysts anticipate that GAP will post 1.88 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on GAP shares. Argus upgraded GAP to a “hold” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. boosted their price target on GAP from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Wells Fargo & Company reduced their price objective on shares of GAP from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $26.00 target price on shares of GAP in a research report on Friday, October 11th.

Insider Activity

In other GAP news, CEO Horacio Barbeito sold 75,385 shares of GAP stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $1,507,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.