GAP (NYSE:GAP) Insider Julie Gruber Sells 62,073 Shares of Stock

The Gap, Inc. (NYSE:GAP) insider Julie Gruber sold 62,073 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $27.00, for a total value of $1,675,971.00. Following the transaction, the insider directly owned 37,395 shares of the company’s stock, valued at approximately $1,009,665. This trade represents a 62.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

GAP Price Performance

Shares of NYSE:GAP opened at $27.58 on Thursday. The stock has a market cap of $10.23 billion, a P/E ratio of 11.79, a P/E/G ratio of 2.70 and a beta of 2.17. The Gap, Inc. has a 12 month low of $16.99 and a 12 month high of $29.29. The company has a 50 day moving average of $22.77 and a 200 day moving average of $22.56. The company has a current ratio of 1.68, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43.

GAP (NYSE:GAP) last announced its earnings results on Thursday, November 20th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. GAP had a net margin of 5.86% and a return on equity of 27.04%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period last year, the firm posted $0.72 earnings per share. GAP’s quarterly revenue was up 3.0% on a year-over-year basis. GAP has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 7th will be given a $0.165 dividend. The ex-dividend date is Wednesday, January 7th. This represents a $0.66 annualized dividend and a yield of 2.4%. GAP’s payout ratio is presently 29.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of GAP from a “hold” rating to a “buy” rating and lifted their target price for the company from $22.00 to $30.00 in a research note on Friday, November 14th. Bank of America raised their price target on shares of GAP from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Telsey Advisory Group raised their price target on shares of GAP from $24.00 to $26.00 and gave the company a “market perform” rating in a report on Friday, November 21st. Barclays cut shares of GAP from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $24.00 to $19.00 in a report on Friday, August 22nd. Finally, BTIG Research boosted their target price on shares of GAP from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 21st. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.57.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GAP. KLP Kapitalforvaltning AS bought a new position in shares of GAP during the 1st quarter valued at approximately $1,057,000. LSV Asset Management bought a new stake in shares of GAP during the 1st quarter valued at $32,655,000. Covestor Ltd purchased a new position in shares of GAP during the 1st quarter valued at $82,000. Atlas Capital Advisors Inc. bought a new position in GAP in the 1st quarter worth $264,000. Finally, Russell Investments Group Ltd. purchased a new stake in GAP in the 1st quarter worth $3,532,000. Institutional investors own 58.81% of the company’s stock.

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.