Insider Selling: The Gap, Inc. (NYSE:GAP) CFO Sells 80,029 Shares of Stock

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 80,029 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 8,290 shares in the company, valued at $168,701.50. The trade was a 90.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Katrina O’connell also recently made the following trade(s):

• On Tuesday, March 18th, Katrina O’connell sold 2,365 shares of GAP stock. The stock was sold at an average price of $19.59, for a total transaction of $46,330.35.

GAP Price Performance

GAP stock opened at $20.19 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average is $22.65 and its two-hundred day moving average is $22.52. The company has a market capitalization of $7.61 billion, a PE ratio of 9.35, a P/E/G ratio of 0.94 and a beta of 2.38. The Gap, Inc. has a 52-week low of $18.54 and a 52-week high of $26.41.

GAP (NYSE:GAP) last issued its earnings results on Thursday, March 6th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.18. GAP had a net margin of 5.40% and a return on equity of 29.03%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.07 billion. 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 boost from GAP’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.66 annualized dividend and a dividend yield of 3.27%. GAP’s dividend payout ratio is presently 29.86%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GAP shares. Evercore ISI increased their price target on shares of GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Telsey Advisory Group reissued a “market perform” rating and set a $26.00 price target on shares of GAP in a research report on Friday, March 7th. Bank of America lifted their target price on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. BMO Capital Markets lifted their price objective on shares of GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. Finally, Guggenheim restated a “buy” rating and set a $35.00 target price on shares of GAP in a research note on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.25.

Institutional Investors Weigh In On GAP

An institutional investor recently bought a new position in GAP stock. California State Teachers Retirement System acquired a new stake in shares of The Gap, Inc. (NYSE:GAP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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 and hedge funds own 58.81% of the company’s stock.

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.