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

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

GAP Price Performance

Shares of NYSE:GAP traded down $0.11 during midday trading on Monday, reaching $20.03. The company’s stock had a trading volume of 11,922,629 shares, compared to its average volume of 6,006,743. The Gap, Inc. has a fifty-two week low of $18.54 and a fifty-two week high of $26.41. The company has a market capitalization of $7.55 billion, a P/E ratio of 9.27, a P/E/G ratio of 0.94 and a beta of 2.38. 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 business’s fifty day simple moving average is $22.81 and its 200-day simple moving average is $22.55.

GAP (NYSE:GAP) last posted 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. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.07 billion. GAP had a return on equity of 29.03% and a net margin of 5.40%. As a group, equities research analysts expect that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.66 dividend on an annualized basis and a yield of 3.30%. This is a boost from GAP’s previous quarterly dividend of $0.15. GAP’s dividend payout ratio (DPR) is 29.86%.

Analysts Set New Price Targets

GAP has been the subject of a number of research analyst reports. Barclays upped their price target on shares of GAP from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Guggenheim reiterated a “buy” rating and issued a $35.00 target price on shares of GAP in a report on Friday, November 22nd. Evercore ISI upped their target price on GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. increased their price objective on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, Wells Fargo & Company upped their target price on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, GAP presently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

About GAP

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.