GAP (NYSE:GAP) Director William Sydney Fisher Sells 400,000 Shares

The Gap, Inc. (NYSE:GAP) Director William Sydney Fisher sold 400,000 shares of GAP stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $27.02, for a total transaction of $10,808,000.00. Following the sale, the director directly owned 2,853,453 shares in the company, valued at approximately $77,100,300.06. This trade represents a 12.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

William Sydney Fisher also recently made the following trade(s):

• On Monday, September 15th, William Sydney Fisher sold 200,000 shares of GAP stock. The shares were sold at an average price of $23.86, for a total value of $4,772,000.00.

GAP Stock Up 0.2%

GAP stock traded up $0.04 during midday trading on Friday, reaching $26.55. 6,468,193 shares of the company were exchanged, compared to its average volume of 9,200,379. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 2.99 and a beta of 2.28. The Gap, Inc. has a 1-year low of $16.99 and a 1-year high of $29.29. The stock’s 50-day simple moving average is $23.30 and its 200 day simple moving average is $22.63. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.72.

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

GAP Announces Dividend

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

Analyst Ratings Changes

GAP has been the subject of several analyst reports. Citigroup upped their target price on GAP from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, November 24th. Jefferies Financial Group upgraded GAP from a “hold” rating to a “buy” rating and upped their target price for the company from $22.00 to $30.00 in a research note on Friday, November 14th. Morgan Stanley lifted their target price on shares of GAP from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. The Goldman Sachs Group upped their target price on shares of GAP from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Finally, Bank of America boosted their target price on GAP from $23.00 to $27.00 and gave the company a “neutral” 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 a consensus rating of “Moderate Buy” and an average price target of $27.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC purchased a new position in shares of GAP in the third quarter worth $27,000. Cornerstone Planning Group LLC purchased a new stake in shares of GAP during the 3rd quarter valued at about $35,000. Brooklyn Investment Group purchased a new position in shares of GAP during the 1st quarter worth about $80,000. Covestor Ltd bought a new position in shares of GAP in the first quarter worth about $82,000. Finally, Plato Investment Management Ltd purchased a new position in shares of GAP during the first quarter valued at $121,000. 58.81% of the stock is owned by institutional investors.

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.