The Gap, Inc. (NYSE:GAP) Insider Julie Gruber Sells 1,537 Shares

The Gap, Inc. (NYSE:GAP) insider Julie Gruber sold 1,537 shares of GAP stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $19.59, for a total value of $30,109.83. Following the sale, the insider now directly owns 37,395 shares of the company’s stock, valued at approximately $732,568.05. The trade was a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

GAP Price Performance

Shares of NYSE GAP opened at $19.35 on Wednesday. The Gap, Inc. has a fifty-two week low of $18.54 and a fifty-two week high of $26.41. The business has a fifty day moving average price of $22.72 and a two-hundred day moving average price of $22.53. 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 stock has a market capitalization of $7.30 billion, a PE ratio of 8.96, a P/E/G ratio of 0.94 and a beta of 2.38.

GAP (NYSE:GAP) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.07 billion. As a group, equities analysts predict that The Gap, Inc. will post 2.02 earnings per share 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. This is a positive change from GAP’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, April 9th. This represents a $0.66 annualized dividend and a dividend yield of 3.41%. GAP’s dividend payout ratio (DPR) is presently 29.86%.

Analysts Set New Price Targets

Several analysts recently weighed in on GAP shares. Evercore ISI lifted their price target on GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Wells Fargo & Company lifted their price target on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Guggenheim reissued a “buy” rating and set a $35.00 price target on shares of GAP in a report on Friday, November 22nd. Morgan Stanley lifted their price target on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, BMO Capital Markets lifted their price target on GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission. Institutional investors own 58.81% of the company’s stock.

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.