The Gap, Inc. (NYSE:GAP) CFO Sells $46,330.35 in Stock

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 2,365 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $19.59, for a total transaction of $46,330.35. Following the completion of the transaction, the chief financial officer now owns 8,503 shares of the company’s stock, valued at $166,573.77. This represents a 21.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $1,628,590.15.

GAP Trading Down 3.8 %

NYSE GAP traded down $0.76 during mid-day trading on Tuesday, reaching $19.35. 8,934,955 shares of the stock were exchanged, compared to its average volume of 6,109,398. The Gap, Inc. has a 1-year low of $18.54 and a 1-year high of $26.41. The business’s fifty day simple moving average is $22.72 and its 200 day simple moving average is $22.53. The stock has a market capitalization of $7.30 billion, a PE ratio of 8.96, a PEG 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.

GAP (NYSE:GAP) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.18. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.07 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. On average, research analysts anticipate that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a positive change from GAP’s previous quarterly dividend of $0.15. GAP’s dividend payout ratio (DPR) is 29.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 target price on shares of GAP in a research note on Friday, March 7th. Guggenheim reiterated a “buy” rating and set a $35.00 target price on shares of GAP in a research note on Friday, November 22nd. Bank of America increased their target price on shares of GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Evercore ISI increased their target price on shares of GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.25.

Hedge Funds Weigh In On GAP

An institutional investor recently bought a new position in GAP stock. California State Teachers Retirement System purchased a new stake in The Gap, Inc. (NYSE:GAP) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 209,599 shares of the company’s stock, valued at approximately $4,953,000. California State Teachers Retirement System owned about 0.06% of GAP as of its most recent SEC filing. 58.81% of the stock is currently 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.