Insider Selling: The Gap, Inc. (NYSE:GAP) Director Sells 3,539 Shares of Stock

The Gap, Inc. (NYSE:GAP) Director Elisabeth B. Donohue sold 3,539 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $21.04, for a total value of $74,460.56. Following the completion of the sale, the director now directly owns 4,000 shares of the company’s stock, valued at $84,160. The trade was a 46.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

GAP Stock Performance

Shares of GAP stock opened at $20.16 on Friday. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54. The Gap, Inc. has a one year low of $18.54 and a one year high of $26.41. The company’s 50-day moving average is $22.89 and its 200 day moving average is $22.57.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.18. GAP had a net margin of 5.40% and a return on equity of 29.03%. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Sell-side analysts expect that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.66 annualized dividend and a dividend yield of 3.27%. This is a boost from GAP’s previous quarterly dividend of $0.15. GAP’s payout ratio is currently 29.86%.

Analyst Ratings Changes

Several research firms have recently commented on GAP. Morgan Stanley raised their target price on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. lifted their price objective on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Argus raised GAP from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Tuesday, January 21st. Bank of America lifted their price target on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Finally, Guggenheim reiterated a “buy” rating and issued a $35.00 price objective on shares of GAP in a report on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.25.

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.