Insider Selling: The Gap, Inc. (NYSE:GAP) CFO Sells 2,365 Shares of Stock

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 2,365 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $19.59, for a total value of $46,330.35. Following the completion of the sale, the chief financial officer now directly owns 8,503 shares in the company, valued at approximately $166,573.77. The trade was a 21.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, March 14th, Katrina O’connell sold 80,029 shares of GAP stock. The shares were sold at an average price of $20.35, for a total value of $1,628,590.15.

GAP Stock Down 3.8 %

Shares of GAP stock traded down $0.76 on Tuesday, reaching $19.35. 8,934,955 shares of the stock were exchanged, compared to its average volume of 6,109,398. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average price is $22.72 and its 200 day moving average price is $22.53. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.94 and a beta of 2.38. The Gap, Inc. has a twelve month low of $18.54 and a twelve month high of $26.41.

GAP (NYSE:GAP) last issued its earnings results on Thursday, March 6th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.18. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.07 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. As a group, sell-side analysts expect that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.41%. This is an increase from GAP’s previous quarterly dividend of $0.15. GAP’s payout ratio is presently 29.86%.

Hedge Funds Weigh In On GAP

An institutional investor recently bought a new position in GAP stock. California State Teachers Retirement System acquired a new stake in The Gap, Inc. (NYSE:GAP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 209,599 shares of the company’s stock, valued at approximately $4,953,000. California State Teachers Retirement System owned approximately 0.06% of GAP at the end of the most recent reporting period. Institutional investors own 58.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GAP shares. Evercore ISI boosted their target price on GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. BMO Capital Markets boosted their target price on GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, November 22nd. Guggenheim reaffirmed a “buy” rating and set a $35.00 price objective on shares of GAP in a research report on Friday, November 22nd. Finally, Argus raised GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.