Insider Selling: The Gap, Inc. (NYSE:GAP) CFO Sells 87,557 Shares of Stock

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 87,557 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $25.45, for a total value of $2,228,325.65. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

GAP Stock Performance

Shares of GAP stock opened at $26.00 on Thursday. 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 fifty-two week low of $18.34 and a fifty-two week high of $30.75. The company has a 50 day moving average of $22.12. The company has a market capitalization of $9.81 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.16 and a beta of 2.37.

GAP (NYSE:GAP) last announced its quarterly earnings data on Thursday, November 21st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.16. GAP had a return on equity of 29.03% and a net margin of 5.40%. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. As a group, equities analysts predict that The Gap, Inc. will post 2 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 29th. Shareholders of record on Wednesday, January 8th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.60 annualized dividend and a yield of 2.31%. GAP’s payout ratio is currently 27.78%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GAP shares. JPMorgan Chase & Co. raised GAP from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $28.00 to $30.00 in a report on Monday. Wells Fargo & Company boosted their price objective on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Bank of America boosted their price objective on GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Evercore ISI boosted their target price on GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $26.00 target price on shares of GAP in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, GAP has a consensus rating of “Hold” and a consensus target price of $28.50.

GAP Company Profile

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.