The Gap, Inc. (NYSE:GAP) Major Shareholder Sells $6,045,000.00 in Stock

The Gap, Inc. (NYSE:GAP) major shareholder John J. Fisher sold 250,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $24.18, for a total value of $6,045,000.00. Following the completion of the transaction, the insider now directly owns 1,000,752 shares of the company’s stock, valued at approximately $24,198,183.36. The trade was a 19.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

GAP Trading Up 0.5 %

GAP stock traded up $0.11 during midday trading on Friday, hitting $24.29. The stock had a trading volume of 4,795,135 shares, compared to its average volume of 7,133,110. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average price is $22.61. The Gap, Inc. has a 1-year low of $18.34 and a 1-year high of $30.75. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.13 and a beta of 2.37.

GAP (NYSE:GAP) last announced its quarterly earnings data on Thursday, November 21st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.16. GAP had a return on equity of 29.03% and a net margin of 5.40%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the previous year, the business earned $0.59 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that The Gap, Inc. will post 2.02 EPS for the current year.

GAP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, January 8th. GAP’s dividend payout ratio (DPR) is 27.78%.

Analysts Set New Price Targets

Several research firms have recently issued reports on GAP. Morgan Stanley upped their price objective on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Evercore ISI upped their price target on shares of GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Barclays boosted their price objective on shares of GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. BMO Capital Markets boosted their price objective on shares of GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, November 22nd. Finally, Wells Fargo & Company raised 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, GAP currently has a consensus rating of “Hold” and an average price target of $28.50.

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 adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.