Insider Selling: The Gap, Inc. (NYSE:GPS) CFO Sells $274,314.92 in Stock

The Gap, Inc. (NYSE:GPSGet Free Report) CFO Katrina O’connell sold 9,818 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $27.94, for a total transaction of $274,314.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Katrina O’connell also recently made the following trade(s):

  • On Wednesday, March 20th, Katrina O’connell sold 20,000 shares of GAP stock. The stock was sold at an average price of $26.00, for a total value of $520,000.00.
  • On Monday, March 18th, Katrina O’connell sold 2,724 shares of GAP stock. The stock was sold at an average price of $23.70, for a total value of $64,558.80.
  • On Thursday, March 14th, Katrina O’connell sold 45,266 shares of GAP stock. The stock was sold at an average price of $22.58, for a total value of $1,022,106.28.

GAP Stock Performance

GPS stock opened at $27.55 on Friday. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.68 and a beta of 2.24. The Gap, Inc. has a twelve month low of $7.22 and a twelve month high of $28.59. The company has a quick ratio of 0.78, a current ratio of 1.42 and a debt-to-equity ratio of 0.57. The business’s fifty day simple moving average is $21.39 and its two-hundred day simple moving average is $17.89.

GAP (NYSE:GPSGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The apparel retailer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.20 by $0.29. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.22 billion. GAP had a net margin of 3.37% and a return on equity of 22.56%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.75) EPS. Analysts predict that The Gap, Inc. will post 1.36 earnings per share for the current year.

GAP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $0.60 annualized dividend and a yield of 2.18%. GAP’s payout ratio is currently 44.78%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GPS. Wells Fargo & Company boosted their target price on GAP from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. raised shares of GAP from an “underweight” rating to a “neutral” rating and upped their price target for the company from $16.00 to $20.00 in a research report on Monday, February 26th. Evercore ISI upped their price target on shares of GAP from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Barclays upped their price target on shares of GAP from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Finally, StockNews.com raised shares of GAP from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.89.

Read Our Latest Research Report on GAP

Institutional Investors Weigh In On GAP

A number of institutional investors and hedge funds have recently bought and sold shares of GPS. Ameriprise Financial Inc. increased its stake in shares of GAP by 73.4% during the third quarter. Ameriprise Financial Inc. now owns 3,572,524 shares of the apparel retailer’s stock valued at $37,976,000 after buying an additional 1,512,067 shares during the period. Bank of New York Mellon Corp increased its position in GAP by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,122,321 shares of the apparel retailer’s stock valued at $25,633,000 after purchasing an additional 40,348 shares during the period. Geode Capital Management LLC raised its holdings in shares of GAP by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 3,036,564 shares of the apparel retailer’s stock valued at $27,117,000 after purchasing an additional 145,468 shares in the last quarter. Marshall Wace LLP bought a new position in shares of GAP during the fourth quarter valued at approximately $20,617,000. Finally, BNP Paribas Arbitrage SNC boosted its stake in shares of GAP by 57.0% during the first quarter. BNP Paribas Arbitrage SNC now owns 1,325,293 shares of the apparel retailer’s stock valued at $13,306,000 after purchasing an additional 481,339 shares in the last quarter. 58.81% of the stock is owned by institutional investors.

About GAP

(Get Free Report)

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.

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Insider Buying and Selling by Quarter for GAP (NYSE:GPS)

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