Dara Bazzano Sells 1,593 Shares of Gap Inc (GPS) Stock
Gap Inc (NYSE:GPS) VP Dara Bazzano sold 1,593 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $30.04, for a total transaction of $47,853.72. Following the transaction, the vice president now directly owns 2,866 shares of the company’s stock, valued at approximately $86,094.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Gap Inc (NYSE GPS) traded up $1.52 during midday trading on Thursday, reaching $32.50. 8,080,300 shares of the company were exchanged, compared to its average volume of 5,969,187. The company has a market capitalization of $12,046.79, a PE ratio of 15.26, a P/E/G ratio of 1.84 and a beta of 0.86. Gap Inc has a twelve month low of $21.02 and a twelve month high of $32.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 1.73.
GAP (NYSE:GPS) last posted its earnings results on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.76 billion. GAP had a net margin of 5.57% and a return on equity of 27.47%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. equities analysts predict that Gap Inc will post 2.1 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a yield of 2.83%. GAP’s dividend payout ratio is 42.40%.
GPS has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of GAP from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Monday, September 11th. ValuEngine lowered shares of GAP from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Citigroup raised shares of GAP from a “sell” rating to a “neutral” rating and upped their price objective for the company from $22.00 to $24.00 in a research report on Friday, September 1st. Royal Bank Of Canada upped their price objective on shares of GAP from $26.00 to $28.00 and gave the company a “sector perform” rating in a research report on Friday, November 17th. Finally, Instinet reaffirmed a “neutral” rating and set a $25.00 price objective on shares of GAP in a research report on Sunday, August 20th. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $28.05.
A number of institutional investors have recently modified their holdings of the business. Greenlight Capital Inc. bought a new stake in GAP during the third quarter worth about $7,751,000. Gyroscope Capital Management Group LLC bought a new stake in GAP during the third quarter worth about $5,826,000. Belpointe Asset Management LLC bought a new stake in GAP during the third quarter worth about $658,000. FrontFour Capital Group LLC bought a new stake in GAP during the third quarter worth about $1,308,000. Finally, Piedmont Investment Advisors LLC grew its stake in GAP by 1.9% during the third quarter. Piedmont Investment Advisors LLC now owns 125,492 shares of the apparel retailer’s stock worth $3,706,000 after buying an additional 2,357 shares during the last quarter. 54.32% of the stock is currently owned by hedge funds and other institutional investors.
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GAP Company Profile
The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.
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