Katrina O’connell Sells 80,029 Shares of The Gap, Inc. (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 80,029 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $20.35, for a total value of $1,628,590.15. Following the transaction, the chief financial officer now directly owns 8,290 shares in the company, valued at approximately $168,701.50. This represents a 90.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

GAP Trading Down 0.5 %

Shares of GAP stock opened at $20.03 on Tuesday. The firm has a 50 day moving average price of $22.81 and a two-hundred day moving average price of $22.55. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $7.55 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38. The Gap, Inc. has a 12-month low of $18.54 and a 12-month high of $26.41.

GAP (NYSE:GAP) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.18. GAP had a net margin of 5.40% and a return on equity of 29.03%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.07 billion. As a group, analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current year.

GAP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 yield of 3.30%. This is a boost from GAP’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, April 9th. GAP’s dividend payout ratio (DPR) is 29.86%.

Analyst Ratings Changes

A number of research firms have recently weighed in on GAP. Barclays increased their price target on GAP from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Evercore ISI upped their price objective on shares of GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Argus upgraded GAP from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, January 21st. UBS Group decreased their price objective on GAP from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, March 10th. Finally, Morgan Stanley raised 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. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.