Gap, Inc. (The) (NYSE:GPS) shares were up 7% during mid-day trading on Friday following a better than expected earnings announcement. The stock traded as high as $30.14 and last traded at $29.40. Approximately 18,235,388 shares traded hands during trading, an increase of 205% from the average daily volume of 5,984,135 shares. The stock had previously closed at $27.48.

The apparel retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.54 by $0.04. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the firm earned $0.60 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.13%. The ex-dividend date is Tuesday, January 2nd. Gap, Inc. (The)’s dividend payout ratio is currently 43.81%.

Several equities analysts have commented on GPS shares. Zacks Investment Research raised shares of Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, August 8th. Royal Bank Of Canada reissued a “hold” rating and issued a $26.00 target price on shares of Gap, Inc. (The) in a report on Wednesday, August 9th. BMO Capital Markets set a $23.00 target price on shares of Gap, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, August 8th. FBR & Co set a $25.00 target price on shares of Gap, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, August 15th. Finally, Jefferies Group LLC set a $35.00 target price on shares of Gap, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, August 16th. Four investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $27.51.

In other news, Director William Sydney Fisher sold 666,849 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $27.99, for a total value of $18,665,103.51. Following the completion of the sale, the director now owns 12,237,873 shares in the company, valued at approximately $342,538,065.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeff Kirwan sold 1,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $29.38, for a total transaction of $29,380.00. Following the completion of the sale, the chief executive officer now owns 25,268 shares of the company’s stock, valued at approximately $742,373.84. The disclosure for this sale can be found here. Insiders have sold a total of 676,682 shares of company stock valued at $18,906,180 in the last 90 days. 27.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Gap, Inc. (The) by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,354 shares of the apparel retailer’s stock worth $360,000 after acquiring an additional 80 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Gap, Inc. (The) by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the apparel retailer’s stock worth $301,000 after acquiring an additional 200 shares in the last quarter. State Treasurer State of Michigan grew its stake in shares of Gap, Inc. (The) by 0.4% in the 2nd quarter. State Treasurer State of Michigan now owns 72,346 shares of the apparel retailer’s stock worth $1,591,000 after acquiring an additional 300 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Gap, Inc. (The) by 2.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 18,320 shares of the apparel retailer’s stock worth $402,000 after acquiring an additional 380 shares in the last quarter. Finally, Morningstar Investment Services LLC grew its position in Gap, Inc. (The) by 2.0% during the second quarter. Morningstar Investment Services LLC now owns 21,998 shares of the apparel retailer’s stock valued at $484,000 after buying an additional 424 shares during the period. Hedge funds and other institutional investors own 56.78% of the company’s stock.

The stock has a market cap of $10,880.00, a PE ratio of 13.04, a price-to-earnings-growth ratio of 1.62 and a beta of 0.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.77.

COPYRIGHT VIOLATION WARNING: “Gap, Inc. (The) (GPS) Trading Up 7% Following Strong Earnings” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/11/17/gap-inc-the-gps-trading-up-7-following-strong-earnings.html.

Gap, Inc. (The) Company Profile

The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

Receive News & Stock Ratings for Gap Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gap Inc. (The) and related stocks with our FREE daily email newsletter.