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

The Gap, Inc. (NYSE:GAP) declared a quarterly dividend on Tuesday, November 12th,RTT News reports. Stockholders 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 dividend yield of 2.74%.

GAP has a payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Equities 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

GAP traded down $0.46 on Tuesday, hitting $21.90. 5,427,207 shares of the company were exchanged, compared to its average volume of 7,004,377. The stock’s fifty day moving average price is $21.18. GAP has a 12 month low of $13.11 and a 12 month high of $30.75. The company has a market capitalization of $8.24 billion, a PE ratio of 11.07, a PEG ratio of 1.24 and a beta of 2.35. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 0.51.

GAP (NYSE:GAP) last posted its earnings results on Thursday, August 29th. The company reported $0.54 earnings per share (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 during the quarter, compared to the consensus estimate of $3.61 billion. On average, equities analysts expect that GAP will post 1.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GAP. Telsey Advisory Group restated a “market perform” rating and issued a $26.00 target price on shares of GAP in a research note on Friday, October 11th. JPMorgan Chase & Co. lifted their price objective on GAP from $27.00 to $28.00 and gave the stock 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 decreased their price objective on GAP from $32.00 to $28.00 and set an “overweight” rating for the company 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 on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction of $1,507,700.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 31.00% of the stock is owned by company insiders.

About GAP

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.