Last $41.43 USD
Change Today -0.60 / -1.43%
Volume 3.9M
As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

gap inc/the (GPS) Snapshot

Open
$41.99
Previous Close
$42.03
Day High
$42.07
Day Low
$41.27
52 Week High
09/4/14 - $46.85
52 Week Low
10/16/14 - $35.46
Market Cap
17.5B
Average Volume 10 Days
5.7M
EPS TTM
$2.83
Shares Outstanding
423.6M
EX-Date
04/6/15
P/E TM
14.6x
Dividend
$0.92
Dividend Yield
2.15%
Current Stock Chart for GAP INC/THE (GPS)

gap inc/the (GPS) Details

The Gap, Inc. operates as an apparel retail company worldwide. It provides apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Its products comprise maternity apparel; loungewear, sleepwear, intimates, and active apparel for women; handbags, shoes, jewelry, personal care products, and eyewear for men and women; women’s apparel, footwear, and accessories for sports and fitness activities, including crossover apparel and casualwear; and luxury and contemporary products. The company also has franchise agreements with unaffiliated franchisees to operate stores in Asia, Australia, Eastern Europe, Latin America, the Middle East, and Africa under the Gap, Banana Republic, and Old Navy brands. Gap, Inc. offers its products through company-operated stores, franchise stores, e-commerce sites, and catalogs. As of November 20, 2014, it had approximately 3,680 store locations. The Gap, Inc. was founded in 1969 and is headquartered in San Francisco, California.

gap inc/the (GPS) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $900.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $818.3K
Compensation as of Fiscal Year 2013.

gap inc/the (GPS) Key Developments

The Gap, Inc. Declares Dividend for the First Quarter of Fiscal Year 2015, Payable on or After April 29, 2015; Plans to Increase Annual Dividend for Fiscal Year 2015; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended January 31, 2015; Provides Earnings Guidance for the Fiscal Year 2015; Plans to Open About 115 Company-Operated Stores

The Gap Inc.'s Board of Directors authorized the first quarter fiscal year 2015 dividend of $0.23 per share, payable on or after April 29, 2015 to shareholders of record at the close of business on April 8, 2015. The company reported unaudited consolidated earnings results for the fourth quarter and year ended January 31, 2015. For the quarter, the company reported net sales of $4,708 million compared to $4,575 million a year ago. Operating income was $519 million compared to $522 million a year ago. Income before income taxes was $502 million compared to $504 million a year ago. Net income was $319 million or $0.75 per diluted share compared to $307 million or $0.68 per diluted share a year ago. For the full year, the company reported net sales of $16,435 million compared to $16,148 million a year ago. Operating income was $2,083 million compared to $2,149 million a year ago. Income before income taxes was $2,013 million compared to $2,093 million a year ago. Net income was $1,262 million or $2.87 per diluted share compared to $1,280 million or $2.74 per diluted share a year ago. Net cash provided by operating activities was $2,129 million compared to $1,705 million a year ago. Purchase of property and equipment was $714 million compared to $670 million a year ago. For fiscal year 2015, the company expects diluted earnings per share to be in the range of $2.75 to $2.80 for fiscal year 2015, which contemplates the following: the estimated negative impact of about 6 percentage points, or approximately $0.16, due to foreign currency fluctuations at current exchange rates; and the estimated negative impact of about 4 percentage points, or approximately $0.13, due to delayed merchandise receipts at West Coast ports. For fiscal year 2015, the company expects the effective tax rate to be about 38%. For fiscal year 2015, the company expects capital spending to be approximately $800 million, reflecting the company's focus on omni-channel and supply chain capabilities. For fiscal year 2015, the company expects depreciation and amortization expense, net of amortization of lease incentives, to be about $525 million. In fiscal year 2015, the company expects to open about 115 company-operated stores, net of closures and repositions, focused on greater China, Athleta and global outlet stores. Additionally, the company expects its franchise partners to open about 35 additional stores in 2015, net of closures. The company announced that its Board of Directors intends to increase the company's annual dividend to $0.92 per share in fiscal year 2015, compared to the company's current annual dividend of $0.88 per share.

Gap Inc. Reports Sales Results for the Four-Weeks and Fourth Quarter Ended January 31, 2015; Revises Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2014

Gap Inc. reported sales results for the four-weeks and fourth quarter ended January 31, 2015. The company reported net sales for the four weeks were $888 million, compared to $899 million for the four-week period ended February 1, 2014. Net sales for the fourth quarter of 2014 were $4.71 billion, an increase of 3%, compared to $4.58 billion for the fourth quarter of 2013. For fiscal 2014, the company has raised its guidance for diluted earnings per share to be in the range of $2.86 to $2.87. For the fourth quarter of fiscal 2014, the company expects diluted earnings per share to be in the range of $0.73 to $0.74.

Gap Inc. Collaborates with Derek Lam 10 Crosby to Launch New Lifestyle Collection

Gap Inc. has announced that Athleta is collaborating with Derek Lam 10 Crosby to launch a new lifestyle collection. With the rise of the athleisure trend and growth of the women's active wear category, Athleta and Derek Lam 10 Crosby saw an opportunity to create a collection that incorporates Lam's aesthetic of minimal designs and feminine sensibility with Athleta's incredible performance fabrics and fitness expertise. Launching in stores in September 2015, the brand collaboration will span the length of three delivery seasons encompassing Fall 2015, Winter 2015 and Spring 2016.

 

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Industry Analysis

GPS

Industry Average

Valuation GPS Industry Range
Price/Earnings 14.7x
Price/Sales 1.1x
Price/Book 5.9x
Price/Cash Flow 14.1x
TEV/Sales 0.9x
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