The Gap, Inc. (NYSE:GPS) CEO Nancy Green Sells 3,334 Shares


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The Gap, Inc. (NYSE:GPS) CEO Nancy Green sold 3,334 shares of the business’s stock in a transaction on Monday, February 22nd. The stock was sold at an average price of $25.00, for a total value of $83,350.00. Following the completion of the transaction, the chief executive officer now directly owns 69,359 shares in the company, valued at approximately $1,733,975. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Nancy Green also recently made the following trade(s):

  • On Thursday, February 11th, Nancy Green sold 15,400 shares of The Gap stock. The stock was sold at an average price of $23.00, for a total value of $354,200.00.

NYSE:GPS traded down $0.04 during mid-day trading on Tuesday, hitting $24.65. The company had a trading volume of 6,068,017 shares, compared to its average volume of 7,365,941. The Gap, Inc. has a fifty-two week low of $5.26 and a fifty-two week high of $26.99. The business’s fifty day moving average is $22.06 and its two-hundred day moving average is $19.94. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.82 and a current ratio of 1.44. The firm has a market cap of $9.22 billion, a P/E ratio of -8.46 and a beta of 1.52.

The Gap (NYSE:GPS) last released its earnings results on Monday, November 23rd. The apparel retailer reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.07). The Gap had a negative net margin of 7.71% and a negative return on equity of 24.81%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the previous year, the company posted $0.53 EPS. Equities analysts forecast that The Gap, Inc. will post -2.07 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. First Quadrant L P CA bought a new stake in shares of The Gap in the third quarter worth about $46,000. Louisiana State Employees Retirement System bought a new stake in shares of The Gap in the third quarter worth about $177,000. Sowell Financial Services LLC increased its holdings in shares of The Gap by 230.3% in the fourth quarter. Sowell Financial Services LLC now owns 10,102 shares of the apparel retailer’s stock worth $204,000 after acquiring an additional 7,044 shares in the last quarter. Candriam Luxembourg S.C.A. increased its holdings in shares of The Gap by 3.8% in the third quarter. Candriam Luxembourg S.C.A. now owns 16,601 shares of the apparel retailer’s stock worth $283,000 after acquiring an additional 612 shares in the last quarter. Finally, New Mexico Educational Retirement Board increased its holdings in shares of The Gap by 14.3% in the third quarter. New Mexico Educational Retirement Board now owns 16,379 shares of the apparel retailer’s stock worth $284,000 after acquiring an additional 2,050 shares in the last quarter. 55.31% of the stock is currently owned by hedge funds and other institutional investors.

GPS has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on The Gap in a research note on Tuesday, February 16th. They issued a “hold” rating on the stock. Credit Suisse Group boosted their price objective on The Gap from $19.00 to $23.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 25th. B. Riley reduced their price objective on The Gap from $31.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, January 15th. JPMorgan Chase & Co. raised The Gap from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research note on Monday, November 23rd. Finally, Bank of America boosted their price objective on The Gap from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $22.84.

About The Gap

The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, Janie and Jack, and Hill City brands. Its products include denim, tees, fleece, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.

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