GAP (NYSE:GPS) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $2.55-2.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.34.
Shares of GAP (NYSE:GPS) traded up $0.12 during mid-day trading on Thursday, hitting $31.70. 9,053,459 shares of the stock traded hands, compared to its average volume of 4,769,883. The stock has a market cap of $12,230.00, a price-to-earnings ratio of 14.54, a P/E/G ratio of 1.69 and a beta of 0.86. GAP has a 1-year low of $21.02 and a 1-year high of $35.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 1.73.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 2nd. Stockholders of record on Wednesday, April 11th will be issued a dividend of $0.2425 per share. This is a positive change from GAP’s previous quarterly dividend of $0.23. This represents a $0.97 annualized dividend and a dividend yield of 3.06%. GAP’s dividend payout ratio is presently 42.20%.
In other news, EVP Julie Gruber sold 5,462 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $35.00, for a total transaction of $191,170.00. Following the completion of the sale, the executive vice president now owns 11,988 shares of the company’s stock, valued at $419,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeff Kirwan sold 7,430 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $32.02, for a total transaction of $237,908.60. Following the sale, the chief executive officer now directly owns 30,698 shares of the company’s stock, valued at approximately $982,949.96. The disclosure for this sale can be found here. Insiders have sold 25,864 shares of company stock worth $864,521 in the last quarter. Insiders own 27.30% of the company’s stock.
GAP 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.
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