Elisabeth B. Donohue Sells 3,539 Shares of The Gap, Inc. (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) Director Elisabeth B. Donohue sold 3,539 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $21.04, for a total value of $74,460.56. Following the sale, the director now directly owns 4,000 shares in the company, valued at $84,160. The trade was a 46.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

GAP Stock Down 2.9 %

Shares of NYSE GAP opened at $20.16 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.94 and a beta of 2.38. The stock has a 50 day moving average price of $22.89 and a 200 day moving average price of $22.57. The Gap, Inc. has a 52-week low of $18.54 and a 52-week high of $26.41.

GAP (NYSE:GAP) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.18. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.07 billion. GAP had a return on equity of 29.03% and a net margin of 5.40%. Sell-side analysts expect that The Gap, Inc. will post 2.02 earnings per share for the current year.

GAP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.165 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.66 dividend on an annualized basis and a yield of 3.27%. This is a positive change from GAP’s previous quarterly dividend of $0.15. GAP’s dividend payout ratio is currently 29.86%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Evercore ISI boosted their price objective on GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Morgan Stanley boosted their target price on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. UBS Group dropped their target price on GAP from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Wells Fargo & Company boosted their target price on GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, Bank of America boosted their target price on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.25.

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.