The Gap, Inc. (GAP) to Issue Quarterly Dividend of $0.17 on January 28th

The Gap, Inc. (NYSE:GAP) declared a quarterly dividend on Wednesday, November 12th. Shareholders of record on Wednesday, January 7th will be given a dividend of 0.165 per share on Wednesday, January 28th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, January 7th.

GAP has decreased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. GAP has a payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect GAP to earn $2.14 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 30.8%.

GAP Stock Performance

Shares of GAP stock opened at $25.19 on Monday. The business’s fifty day simple moving average is $25.41 and its 200 day simple moving average is $22.93. The firm has a market capitalization of $9.37 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 2.80 and a beta of 2.31. GAP has a 12 month low of $16.99 and a 12 month high of $29.29. The company has a current ratio of 1.72, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41.

GAP (NYSE:GAP) last announced its earnings results on Tuesday, November 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. GAP had a return on equity of 24.91% and a net margin of 5.57%.The business’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.72 EPS. As a group, analysts anticipate that GAP will post 2.02 EPS for the current year.

Insiders Place Their Bets

In other GAP news, Director Elisabeth B. Donohue sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $27.11, for a total transaction of $81,330.00. Following the completion of the transaction, the director owned 1,000 shares of the company’s stock, valued at $27,110. This represents a 75.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert J. Fisher sold 500,000 shares of GAP stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $27.45, for a total value of $13,725,000.00. Following the completion of the sale, the director owned 2,329,502 shares in the company, valued at approximately $63,944,829.90. This represents a 17.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,349,044 shares of company stock valued at $36,857,065 over the last three months. 31.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GAP

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its stake in shares of GAP by 4.1% in the third quarter. Ameriprise Financial Inc. now owns 4,588,800 shares of the company’s stock worth $98,154,000 after acquiring an additional 180,991 shares during the last quarter. Geode Capital Management LLC boosted its stake in GAP by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,166,545 shares of the company’s stock worth $91,399,000 after purchasing an additional 151,297 shares in the last quarter. LSV Asset Management grew its position in GAP by 4.9% during the 3rd quarter. LSV Asset Management now owns 3,341,701 shares of the company’s stock valued at $71,479,000 after purchasing an additional 157,224 shares during the last quarter. Bank of New York Mellon Corp increased its stake in GAP by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,899,563 shares of the company’s stock valued at $63,239,000 after purchasing an additional 145,427 shares in the last quarter. Finally, Jump Financial LLC increased its stake in GAP by 2,197.8% during the 3rd quarter. Jump Financial LLC now owns 645,150 shares of the company’s stock valued at $13,800,000 after purchasing an additional 617,073 shares in the last quarter. 58.81% of the stock is owned by hedge funds and other institutional investors.

About GAP

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.