The Gap, Inc. (NYSE:GAP) CFO Sells $2,228,325.65 in Stock

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 87,557 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $25.45, for a total value of $2,228,325.65. The sale was disclosed in a filing with the SEC, which is accessible through this link.

GAP Price Performance

GAP stock traded up $0.21 during mid-day trading on Wednesday, hitting $26.00. The company’s stock had a trading volume of 5,174,848 shares, compared to its average volume of 7,192,819. 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 52-week low of $18.34 and a 52-week high of $30.75. The stock’s 50 day moving average is $22.01. The firm has a market cap of $9.81 billion, a P/E ratio of 11.94, a PEG ratio of 1.16 and a beta of 2.37.

GAP (NYSE:GAP) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.16. GAP had a net margin of 5.40% and a return on equity of 29.03%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the prior year, the company posted $0.59 earnings per share. GAP’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, analysts forecast that The Gap, Inc. will post 2 EPS for the current year.

GAP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a yield of 2.31%. GAP’s payout ratio is presently 27.78%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GAP. Wells Fargo & Company boosted their price target on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Argus raised GAP to a “hold” rating in a research note on Thursday, September 19th. Morgan Stanley upped their price objective on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Guggenheim reiterated a “buy” rating and issued a $35.00 price target on shares of GAP in a research report on Friday, November 22nd. Finally, Barclays raised their price objective on shares of GAP from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.50.

GAP Company Profile

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.