The Gap, Inc. (NYSE:GPS) CFO Sells $274,314.92 in Stock

The Gap, Inc. (NYSE:GPS) CFO Katrina O’connell sold 9,818 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $27.94, for a total value of $274,314.92. 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 Wednesday, March 20th, Katrina O’connell sold 20,000 shares of GAP stock. The stock was sold at an average price of $26.00, for a total value of $520,000.00.
• On Monday, March 18th, Katrina O’connell sold 2,724 shares of GAP stock. The stock was sold at an average price of $23.70, for a total value of $64,558.80.
• On Thursday, March 14th, Katrina O’connell sold 45,266 shares of GAP stock. The stock was sold at an average price of $22.58, for a total value of $1,022,106.28.

GAP Stock Down 1.6 %

NYSE GPS traded down $0.43 on Wednesday, reaching $27.29. 7,482,054 shares of the stock traded hands, compared to its average volume of 7,670,974. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.42. The company has a fifty day moving average price of $21.04 and a 200-day moving average price of $17.71. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.71 and a beta of 2.24. The Gap, Inc. has a 12 month low of $7.22 and a 12 month high of $28.59.

GAP (NYSE:GPS) last released its quarterly earnings results on Thursday, March 7th. The apparel retailer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.20 by $0.29. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.22 billion. GAP had a return on equity of 22.56% and a net margin of 3.37%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.75) EPS. As a group, research analysts forecast that The Gap, Inc. will post 1.36 EPS for the current fiscal year.

GAP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $0.60 annualized dividend and a yield of 2.20%. GAP’s dividend payout ratio (DPR) is 44.78%.

Analyst Ratings Changes

GPS has been the subject of a number of research reports. Robert W. Baird upped their price objective on GAP to $23.00 and gave the company a “hold” rating in a research report on Friday, March 22nd. TheStreet raised GAP from a “c” rating to a “b-” rating in a report on Thursday, March 7th. Telsey Advisory Group boosted their price target on GAP from $17.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, March 8th. Barclays upped their price objective on GAP from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Finally, The Goldman Sachs Group lifted their target price on GAP from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.89.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC grew its stake in GAP by 317.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,793 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 2,124 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of GAP in the 4th quarter valued at about $42,000. Lazard Asset Management LLC lifted its holdings in shares of GAP by 117.8% in the 3rd quarter. Lazard Asset Management LLC now owns 4,613 shares of the apparel retailer’s stock valued at $49,000 after buying an additional 2,495 shares during the period. Captrust Financial Advisors lifted its holdings in shares of GAP by 12.2% in the 2nd quarter. Captrust Financial Advisors now owns 8,561 shares of the apparel retailer’s stock valued at $71,000 after buying an additional 930 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of GAP in the 4th quarter valued at about $73,000. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

About GAP

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 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.