Gap (NYSE: GPS) recently received a number of ratings updates from brokerages and research firms:
Gap Inc. (NYSE:GPS) opened at 25.57 on Monday. The firm has a market cap of $10.20 billion, a PE ratio of 15.22 and a beta of 1.06. Gap Inc. has a 52 week low of $17.00 and a 52 week high of $30.74. The stock has a 50 day moving average of $27.00 and a 200-day moving average of $23.45.
Gap (NYSE:GPS) last issued its earnings results on Thursday, November 17th. The apparel retailer reported $0.60 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.60. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.74 billion. Gap had a net margin of 4.33% and a return on equity of 32.19%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. Analysts expect that Gap Inc. will post $1.94 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 4th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, December 30th. This represents a $0.92 dividend on an annualized basis and a yield of 3.60%. Gap’s payout ratio is 55.09%.