Sarah Gilligan Sells 29,813 Shares of The Gap, Inc. (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) insider Sarah Gilligan sold 29,813 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $20.34, for a total value of $606,396.42. Following the transaction, the insider now owns 2,634 shares in the company, valued at approximately $53,575.56. This trade represents a 91.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

GAP Trading Down 3.8 %

NYSE GAP opened at $19.35 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The Gap, Inc. has a twelve month low of $18.54 and a twelve month high of $26.41. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38. The business’s fifty day moving average is $22.72 and its 200 day moving average is $22.53.

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

GAP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a dividend of $0.165 per share. This is a positive change from GAP’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 3.41%. The ex-dividend date is Wednesday, April 9th. GAP’s dividend payout ratio (DPR) is currently 29.86%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GAP stock. California State Teachers Retirement System acquired a new position in The Gap, Inc. (NYSE:GAP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 quarter. Hedge funds and other institutional investors own 58.81% of the company’s stock.

Analysts Set New Price Targets

GAP has been the topic of a number of recent research reports. Barclays increased their target price on GAP from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. BMO Capital Markets increased their price target on GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. Wells Fargo & Company increased their price target on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. UBS Group reduced their price target on GAP from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. Finally, Morgan Stanley increased their price target on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.