The Gap, Inc. (NYSE:GPS) CFO Katrina O’connell Sells 9,818 Shares

The Gap, Inc. (NYSE:GPS) CFO Katrina O’connell sold 9,818 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $27.94, for a total transaction of $274,314.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 transaction 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 transaction of $64,558.80.
• On Thursday, March 14th, Katrina O’connell sold 45,266 shares of GAP stock. The shares were sold at an average price of $22.58, for a total transaction of $1,022,106.28.

GAP Price Performance

GAP stock opened at $27.29 on Thursday. The Gap, Inc. has a one year low of $7.22 and a one year high of $28.59. 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 business has a fifty day moving average of $21.04 and a two-hundred day moving average of $17.71. The company has a market cap of $10.19 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.70 and a beta of 2.24.

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

GAP Dividend Announcement

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

Analysts Set New Price Targets

GPS has been the topic of a number of research reports. Telsey Advisory Group raised their price objective on GAP from $17.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, March 8th. Wells Fargo & Company upped their target price on shares of GAP from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Barclays boosted their price target on shares of GAP from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. TheStreet upgraded shares of GAP from a “c” rating to a “b-” rating in a research note on Thursday, March 7th. Finally, JPMorgan Chase & Co. upgraded shares of GAP from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $16.00 to $20.00 in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, GAP has an average rating of “Hold” and an average price target of $18.89.

Institutional Investors Weigh In On GAP

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its position in shares of GAP by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 2,906,701 shares of the apparel retailer’s stock valued at $30,898,000 after buying an additional 80,792 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of GAP by 90.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 74,080 shares of the apparel retailer’s stock valued at $787,000 after buying an additional 35,223 shares in the last quarter. First Hawaiian Bank increased its position in shares of GAP by 17.3% in the third quarter. First Hawaiian Bank now owns 102,664 shares of the apparel retailer’s stock valued at $1,091,000 after buying an additional 15,158 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of GAP in the third quarter valued at $142,000. Finally, New York State Teachers Retirement System increased its position in GAP by 8.3% during the 3rd quarter. New York State Teachers Retirement System now owns 260,566 shares of the apparel retailer’s stock worth $2,770,000 after purchasing an additional 19,923 shares in the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.

GAP Company Profile

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.