Insider Selling: The Gap, Inc. (NYSE:GAP) Director Sells 3,539 Shares of Stock

The Gap, Inc. (NYSE:GAP) Director Elisabeth B. Donohue sold 3,539 shares of the company’s stock in a transaction 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. This represents a 46.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

GAP Price Performance

Shares of GAP traded down $0.32 during midday trading on Thursday, hitting $20.71. The stock had a trading volume of 7,626,582 shares, compared to its average volume of 6,482,631. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The Gap, Inc. has a twelve month low of $18.54 and a twelve month high of $30.75. The firm has a 50 day moving average of $23.03. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38.

GAP (NYSE:GAP) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.18. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.07 billion. GAP had a return on equity of 29.03% and a net margin of 5.40%. Analysts forecast that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.19%. This is an increase from GAP’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, April 9th. GAP’s payout ratio is currently 29.86%.

Analyst Ratings Changes

GAP has been the subject of a number of analyst reports. Argus upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, January 21st. UBS Group decreased their price target on GAP from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday. Wells Fargo & Company increased their price target on shares of GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Barclays increased their price objective on shares of GAP from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, BMO Capital Markets raised their target price on shares of GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, GAP presently has a consensus rating of “Moderate Buy” and an average 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.