Katrina O’connell Sells 80,029 Shares of The Gap, Inc. (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 80,029 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $20.35, for a total transaction of $1,628,590.15. Following the transaction, the chief financial officer now directly owns 8,290 shares in the company, valued at approximately $168,701.50. The trade was a 90.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Katrina O’connell also recently made the following trade(s):

• On Tuesday, March 18th, Katrina O’connell sold 2,365 shares of GAP stock. The shares were sold at an average price of $19.59, for a total transaction of $46,330.35.

GAP Stock Down 3.8 %

Shares of NYSE:GAP opened at $19.35 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84. The firm has a market capitalization of $7.30 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38. The firm’s 50-day moving average is $22.72 and its two-hundred day moving average is $22.53. The Gap, Inc. has a 1 year low of $18.54 and a 1 year high of $26.41.

GAP (NYSE:GAP) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.18. GAP had a return on equity of 29.03% and a net margin of 5.40%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.07 billion. Analysts predict that The Gap, Inc. will post 2.02 EPS for the current year.

GAP Increases Dividend

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

Wall Street Analyst Weigh In

GAP has been the topic of several recent research reports. Barclays boosted their price target on shares of GAP from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Guggenheim restated a “buy” rating and issued a $35.00 price objective on shares of GAP in a report on Friday, November 22nd. Wells Fargo & Company boosted their price objective on shares of GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Argus upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, January 21st. Finally, UBS Group reduced their price objective on shares of GAP from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.25.

Hedge Funds Weigh In On GAP

A hedge fund recently bought a new stake in GAP stock. California State Teachers Retirement System purchased a new stake in The Gap, Inc. (NYSE:GAP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 as of its most recent SEC filing. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

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.