The Gap, Inc. (NYSE:GAP) Major Shareholder Sells $6,045,000.00 in Stock

The Gap, Inc. (NYSE:GAP) major shareholder John J. Fisher sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $24.18, for a total value of $6,045,000.00. Following the sale, the insider now owns 1,000,752 shares of the company’s stock, valued at approximately $24,198,183.36. This represents a 19.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

GAP Trading Up 0.5 %

Shares of GAP traded up $0.11 on Friday, reaching $24.29. 4,795,135 shares of the company’s stock traded hands, compared to its average volume of 7,133,110. The business has a 50 day moving average price of $22.61. The firm has a market capitalization of $9.16 billion, a PE ratio of 11.19, a PEG ratio of 1.13 and a beta of 2.37. The Gap, Inc. has a 52-week low of $18.34 and a 52-week high of $30.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54.

GAP (NYSE:GAP) last announced its earnings results on Thursday, November 21st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.16. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.81 billion. GAP had a return on equity of 29.03% and a net margin of 5.40%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. Analysts forecast that The Gap, Inc. will post 2.02 earnings per share for the current year.

GAP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, January 8th. GAP’s dividend payout ratio is currently 27.78%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of GAP from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $28.00 to $30.00 in a research note on Monday, December 2nd. Barclays boosted their target price on shares of GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Telsey Advisory Group restated a “market perform” rating and issued a $26.00 target price on shares of GAP in a report on Monday, November 18th. Evercore ISI lifted their price target on GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, BMO Capital Markets increased their price objective on GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.50.

About GAP

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.