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 business’s 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 shares were 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 shares were 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

Shares of NYSE:GPS opened at $27.29 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.42 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $10.19 billion, a PE ratio of 20.37, a P/E/G ratio of 1.70 and a beta of 2.24. The Gap, Inc. has a twelve month low of $7.22 and a twelve month high of $28.59. The company has a 50-day moving average price of $21.04 and a two-hundred day moving average price of $17.71.

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

GAP Dividend Announcement

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

Hedge Funds Weigh In On GAP

A number of large investors have recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in GAP by 73.4% during the third quarter. Ameriprise Financial Inc. now owns 3,572,524 shares of the apparel retailer’s stock valued at $37,976,000 after purchasing an additional 1,512,067 shares during the last quarter. Bank of New York Mellon Corp increased its position in GAP by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,122,321 shares of the apparel retailer’s stock valued at $25,633,000 after purchasing an additional 40,348 shares during the period. Geode Capital Management LLC increased its position in GAP by 5.0% during the 2nd quarter. Geode Capital Management LLC now owns 3,036,564 shares of the apparel retailer’s stock valued at $27,117,000 after purchasing an additional 145,468 shares during the period. Marshall Wace LLP bought a new stake in shares of GAP during the 4th quarter valued at $20,617,000. Finally, BNP Paribas Arbitrage SNC boosted its holdings in shares of GAP by 57.0% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 1,325,293 shares of the apparel retailer’s stock valued at $13,306,000 after buying an additional 481,339 shares in the last quarter. 58.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on GPS. Cowen upped their price objective on shares of GAP from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. The Goldman Sachs Group upped their price objective on shares of GAP from $18.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Wells Fargo & Company upped their price target 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. Telsey Advisory Group upped their price target on shares of GAP from $17.00 to $22.00 and gave the company a “market perform” rating in a research report on Friday, March 8th. Finally, Robert W. Baird upped their price objective on shares of GAP to $23.00 and gave the company a “hold” rating in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.89.

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.