GAP (NYSE:GAP) Director William Sydney Fisher Sells 11,140 Shares

The Gap, Inc. (NYSE:GAP) Director William Sydney Fisher sold 11,140 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $26.81, for a total transaction of $298,663.40. Following the transaction, the director directly owned 2,753,453 shares of the company’s stock, valued at approximately $73,820,074.93. This represents a 0.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

William Sydney Fisher also recently made the following trade(s):

• On Thursday, December 11th, William Sydney Fisher sold 88,860 shares of GAP stock. The shares were sold at an average price of $26.82, for a total value of $2,383,225.20.
• On Wednesday, December 3rd, William Sydney Fisher sold 400,000 shares of GAP stock. The shares were sold at an average price of $27.02, for a total value of $10,808,000.00.

GAP Stock Performance

Shares of GAP stock traded up $0.50 during trading hours on Monday, reaching $26.84. 6,859,721 shares of the company’s stock were exchanged, compared to its average volume of 9,193,231. The Gap, Inc. has a fifty-two week low of $16.99 and a fifty-two week high of $29.29. The company has a quick ratio of 0.97, a current ratio of 1.72 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $9.98 billion, a P/E ratio of 11.98, a P/E/G ratio of 2.93 and a beta of 2.28. The business has a fifty day moving average price of $23.97 and a 200-day moving average price of $22.46.

GAP (NYSE:GAP) last announced its earnings results on Tuesday, November 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. GAP had a net margin of 5.57% and a return on equity of 24.91%. GAP’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Analysts predict that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 7th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, January 7th. GAP’s dividend payout ratio (DPR) is presently 29.46%.

Wall Street Analysts Forecast Growth

GAP has been the topic of several research reports. Bank of America boosted their price target on GAP from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. Zacks Research upgraded GAP from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Telsey Advisory Group raised their target price on GAP from $24.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, November 21st. Wall Street Zen lowered shares of GAP from a “buy” rating to a “hold” rating in a report on Saturday. Finally, JPMorgan Chase & Co. raised their price objective on shares of GAP from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.57.

Hedge Funds Weigh In On GAP

Several hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC bought a new stake in shares of GAP during the third quarter worth approximately $27,000. Cornerstone Planning Group LLC acquired a new position in GAP in the 3rd quarter valued at $35,000. Brooklyn Investment Group bought a new position in GAP during the 1st quarter worth $80,000. Plato Investment Management Ltd acquired a new stake in shares of GAP during the first quarter worth $121,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of GAP by 177.0% in the second quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock valued at $153,000 after acquiring an additional 4,483 shares during the period. Institutional investors own 58.81% of the company’s stock.

GAP Company Profile

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.