Gap Inc (NYSE:GPS) CEO Jeff Kirwan sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $32.56, for a total value of $1,628,000.00. Following the transaction, the chief executive officer now owns 50,000 shares of the company’s stock, valued at $1,628,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jeff Kirwan also recently made the following trade(s):

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  • On Monday, March 5th, Jeff Kirwan sold 101,820 shares of GAP stock. The shares were sold at an average price of $33.73, for a total value of $3,434,388.60.

Shares of Gap Inc (NYSE:GPS) opened at $32.42 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.86 and a quick ratio of 1.04. Gap Inc has a 52 week low of $21.02 and a 52 week high of $35.68. The firm has a market capitalization of $12,610.00, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.53 and a beta of 0.88.

GAP (NYSE:GPS) last released its earnings results on Thursday, March 1st. The apparel retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. GAP had a return on equity of 28.13% and a net margin of 5.35%. The business had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter last year, the firm posted $0.51 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. sell-side analysts expect that Gap Inc will post 2.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 2nd. Shareholders of record on Wednesday, April 11th will be paid a $0.2425 dividend. This is a positive change from GAP’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, April 10th. This represents a $0.97 dividend on an annualized basis and a yield of 2.99%. GAP’s dividend payout ratio (DPR) is presently 42.79%.

GPS has been the subject of a number of research reports. Oppenheimer increased their target price on GAP from $30.00 to $33.00 in a research report on Friday, March 9th. TheStreet upgraded GAP from a “c+” rating to a “b” rating in a research report on Thursday, March 1st. KeyCorp set a $35.00 target price on GAP and gave the company a “buy” rating in a research report on Thursday, November 16th. Jefferies Group set a $41.00 target price on GAP and gave the company a “buy” rating in a research report on Friday, November 17th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of GAP in a research report on Thursday, December 14th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.99.

A number of hedge funds have recently added to or reduced their stakes in GPS. Avestar Capital LLC purchased a new stake in GAP in the fourth quarter worth $116,000. San Francisco Sentry Investment Group CA increased its stake in shares of GAP by 543.3% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 3,493 shares of the apparel retailer’s stock valued at $119,000 after buying an additional 2,950 shares during the period. Cerebellum GP LLC purchased a new position in shares of GAP during the fourth quarter valued at $130,000. Acropolis Investment Management LLC increased its stake in shares of GAP by 115.4% during the fourth quarter. Acropolis Investment Management LLC now owns 4,185 shares of the apparel retailer’s stock valued at $143,000 after buying an additional 2,242 shares during the period. Finally, Mariner Wealth Advisors LLC purchased a new position in shares of GAP during the fourth quarter valued at $203,000. Institutional investors and hedge funds own 58.72% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for GAP (NYSE:GPS)

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