Insider Selling: The Gap, Inc. (NYSE:GPS) CFO Sells $438,116.00 in Stock

The Gap, Inc. (NYSE:GPSGet Rating) CFO Katrina O’connell sold 31,294 shares of GAP stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $14.00, for a total value of $438,116.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

GAP Trading Up 0.5 %

Shares of NYSE GPS opened at $14.74 on Friday. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 92.13 and a beta of 1.80. The Gap, Inc. has a 12-month low of $7.79 and a 12-month high of $19.29. The company has a current ratio of 1.49, a quick ratio of 0.59 and a debt-to-equity ratio of 0.71. The stock’s 50 day simple moving average is $10.62 and its 200 day simple moving average is $10.12.

GAP (NYSE:GPSGet Rating) last posted its earnings results on Thursday, November 17th. The apparel retailer reported $0.71 EPS for the quarter, beating the consensus estimate of $0.01 by $0.70. GAP had a return on equity of 4.78% and a net margin of 0.35%. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period last year, the firm earned $0.27 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts expect that The Gap, Inc. will post -0.31 EPS for the current year.

GAP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 4th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, January 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 4.07%. GAP’s payout ratio is 375.02%.

Wall Street Analyst Weigh In

GPS has been the subject of several recent research reports. Barclays lifted their price objective on GAP from $9.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday. Cowen decreased their target price on GAP from $12.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, August 31st. Credit Suisse Group boosted their target price on GAP to $12.00 in a research note on Monday. Wells Fargo & Company boosted their target price on GAP from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, November 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on GAP from $8.00 to $11.00 in a research note on Monday. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, GAP presently has an average rating of “Hold” and an average target price of $11.30.

Institutional Trading of GAP

Institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors increased its stake in GAP by 12.2% during the second quarter. Captrust Financial Advisors now owns 8,561 shares of the apparel retailer’s stock valued at $71,000 after acquiring an additional 930 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of GAP by 2.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 53,690 shares of the apparel retailer’s stock worth $438,000 after acquiring an additional 1,188 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in GAP by 14.2% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 13,161 shares of the apparel retailer’s stock worth $108,000 after purchasing an additional 1,634 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in GAP by 58.5% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,150 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of GAP by 1.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 114,213 shares of the apparel retailer’s stock valued at $938,000 after acquiring an additional 2,005 shares during the last quarter. Institutional investors and hedge funds own 57.46% of the company’s stock.

GAP Company Profile

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The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.

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