GAP (NYSE:GAP) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

by · The Cerbat Gem

GAP (NYSE:GAP – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01), FiscalAI reports. GAP had a return on equity of 22.98% and a net margin of 5.31%.The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.52 billion.

GAP Stock Up 3.7%

NYSE:GAP traded up $0.90 during midday trading on Thursday, reaching $24.95. The company had a trading volume of 14,574,685 shares, compared to its average volume of 7,753,359. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.36 and a beta of 2.11. The stock’s fifty day simple moving average is $24.24 and its 200-day simple moving average is $25.68. GAP has a 12-month low of $18.68 and a 12-month high of $29.36. The company has a current ratio of 1.75, a quick ratio of 1.08 and a debt-to-equity ratio of 0.39.

GAP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 8th will be issued a $0.175 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $0.70 dividend on an annualized basis and a yield of 2.8%. GAP’s dividend payout ratio (DPR) is 32.56%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings upgraded GAP from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. Telsey Advisory Group raised their price target on GAP from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Zacks Research lowered GAP from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. lifted their target price on GAP from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 20th. Finally, Wall Street Zen lowered GAP from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.07.

Get Our Latest Research Report on GAP

Insider Buying and Selling

In other GAP news, insider Amanda J. Thompson sold 25,000 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $25.14, for a total value of $628,500.00. Following the sale, the insider directly owned 86,228 shares in the company, valued at $2,167,771.92. This trade represents a 22.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Julie Gruber sold 5,302 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $27.00, for a total value of $143,154.00. Following the completion of the sale, the insider owned 58,414 shares in the company, valued at approximately $1,577,178. This represents a 8.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 923,098 shares of company stock valued at $22,648,158 over the last 90 days. 31.00% of the stock is currently owned by corporate insiders.

Institutional Trading of GAP

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in GAP by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 71,867 shares of the company’s stock valued at $1,537,000 after acquiring an additional 447 shares during the period. California State Teachers Retirement System increased its position in GAP by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 226,506 shares of the company’s stock valued at $4,940,000 after acquiring an additional 1,703 shares during the period. EverSource Wealth Advisors LLC increased its position in GAP by 177.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock valued at $153,000 after acquiring an additional 4,483 shares during the period. Russell Investments Group Ltd. increased its position in GAP by 16.8% in 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 period. Finally, Atlas Capital Advisors Inc. acquired a new position in GAP in the 4th quarter valued at about $203,000. Institutional investors and hedge funds own 58.81% of the company’s stock.

About GAP

(Get Free Report)

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.

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