Insider Selling: The Gap, Inc. (NYSE:GAP) CFO Sells 2,365 Shares of Stock

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 2,365 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $19.59, for a total value of $46,330.35. Following the completion of the transaction, the chief financial officer now directly owns 8,503 shares of the company’s stock, valued at approximately $166,573.77. The trade was a 21.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, March 14th, Katrina O’connell sold 80,029 shares of GAP stock. The shares were sold at an average price of $20.35, for a total value of $1,628,590.15.

GAP Stock Performance

Shares of GAP stock opened at $20.50 on Friday. The company has a market cap of $7.73 billion, a P/E ratio of 9.49, a PEG ratio of 0.94 and a beta of 2.38. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $22.59 and a two-hundred day moving average price of $22.50. The Gap, Inc. has a 1-year low of $18.54 and a 1-year high of $26.41.

GAP (NYSE:GAP) last released its earnings results on Thursday, March 6th. The company reported $0.54 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.07 billion. As a group, analysts anticipate that The Gap, Inc. will post 2.02 EPS for the current year.

GAP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from GAP’s previous quarterly dividend of $0.15. GAP’s payout ratio is presently 29.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $26.00 price objective on shares of GAP in a report on Friday, March 7th. BMO Capital Markets lifted their price target on shares of GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Argus raised shares of GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, January 21st. UBS Group lowered their target price on GAP from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Finally, Robert W. Baird reduced their price target on GAP from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, GAP has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.

Institutional Investors Weigh In On GAP

A hedge fund recently bought a new stake in GAP stock. California State Teachers Retirement System acquired a new position in shares of The Gap, Inc. (NYSE:GAP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 at the end of the most recent reporting period. 58.81% of the stock is owned by institutional investors and hedge funds.

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.