GAP (NYSE:GAP) Director Robert Fisher Sells 500,000 Shares of Stock

The Gap, Inc. (NYSE:GAP) Director Robert Fisher sold 500,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $27.45, for a total value of $13,725,000.00. Following the completion of the transaction, the director directly owned 2,329,502 shares in the company, valued at approximately $63,944,829.90. The trade was a 17.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

GAP Stock Down 0.1%

Shares of GAP stock opened at $26.83 on Thursday. The firm has a market cap of $9.98 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 3.06 and a beta of 2.28. The stock has a 50-day simple moving average of $23.21 and a 200-day simple moving average of $22.60. The Gap, Inc. has a 52-week low of $16.99 and a 52-week high of $29.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.72 and a quick ratio of 0.97.

GAP (NYSE:GAP) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. GAP had a net margin of 5.57% and a return on equity of 24.91%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 earnings per share. On average, equities research analysts expect that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 7th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, January 7th. This represents a $0.66 dividend on an annualized basis and a yield of 2.5%. GAP’s dividend payout ratio is currently 29.46%.

Institutional Trading of GAP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd bought a new position in GAP in the 1st quarter worth approximately $82,000. Atlas Capital Advisors Inc. acquired a new stake in shares of GAP in the first quarter worth $264,000. Russell Investments Group Ltd. bought a new position in GAP during the first quarter worth $3,532,000. Brooklyn Investment Group acquired a new position in GAP during the 1st quarter valued at $80,000. Finally, Quantbot Technologies LP acquired a new position in GAP during the 1st quarter valued at $1,473,000. Institutional investors and hedge funds own 58.81% of the company’s stock.

Wall Street Analysts Forecast Growth

GAP has been the topic of several recent research reports. Wells Fargo & Company raised their target price on GAP from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Friday, November 21st. Barclays lowered GAP from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $24.00 to $19.00 in a report on Friday, August 22nd. The Goldman Sachs Group boosted their target price on GAP from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 21st. UBS Group increased their price target on GAP from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Finally, Evercore ISI lifted their price target on shares of GAP from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.57.

About GAP

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.