GAP (NYSE:GAP) CFO Katrina O’connell Sells 153,413 Shares

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 153,413 shares of GAP stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $23.85, for a total value of $3,658,900.05. Following the transaction, the chief financial officer owned 11,503 shares of the company’s stock, valued at approximately $274,346.55. This represents a 93.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, March 16th, Katrina O’connell sold 16,036 shares of GAP stock. The stock was sold at an average price of $23.74, for a total value of $380,694.64.

GAP Price Performance

Shares of NYSE GAP opened at $24.03 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.75 and a quick ratio of 1.08. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.38 and a beta of 2.29. The firm’s 50 day simple moving average is $26.86 and its 200-day simple moving average is $25.05. The Gap, Inc. has a 12 month low of $16.99 and a 12 month high of $29.36.

GAP (NYSE:GAP) last posted its earnings results on Thursday, March 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). GAP had a net margin of 5.31% and a return on equity of 22.98%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. Analysts expect that The Gap, Inc. will post 2.02 EPS for the current year.

GAP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase from GAP’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, April 8th. GAP’s payout ratio is currently 30.70%.

Wall Street Analysts Forecast Growth

GAP has been the topic of a number of analyst reports. Evercore raised their target price on GAP from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Guggenheim began coverage on GAP in a report on Tuesday, December 9th. They issued a “neutral” rating for the company. Morgan Stanley increased their price target on GAP from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Weiss Ratings lowered GAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 12th. Finally, Robert W. Baird set a $33.00 price objective on GAP and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, GAP has an average rating of “Moderate Buy” and an average target price of $30.46.

Hedge Funds Weigh In On GAP

A number of institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in shares of GAP by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 71,867 shares of the company’s stock valued at $1,537,000 after acquiring an additional 447 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of GAP by 1.3% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 45,799 shares of the company’s stock worth $980,000 after purchasing an additional 600 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of GAP during the 4th quarter worth approximately $26,000. Plato Investment Management Ltd acquired a new stake in GAP in the 4th quarter valued at approximately $28,000. Finally, V Square Quantitative Management LLC acquired a new stake in GAP in the 4th quarter valued at approximately $31,000. 58.81% of the stock is owned by hedge funds and other institutional investors.

GAP Company Profile

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.