The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell Sells 2,365 Shares

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 2,365 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $19.59, for a total transaction of $46,330.35. Following the transaction, the chief financial officer now owns 8,503 shares of the company’s stock, valued at approximately $166,573.77. This represents a 21.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Katrina O’connell also recently made the following trade(s):

• On Friday, March 14th, Katrina O’connell sold 80,029 shares of GAP stock. The stock was sold at an average price of $20.35, for a total transaction of $1,628,590.15.

GAP Stock Down 3.8 %

Shares of GAP stock opened at $19.35 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84. The Gap, Inc. has a 1 year low of $18.54 and a 1 year high of $26.41. The firm’s 50-day moving average is $22.72 and its two-hundred day moving average is $22.53. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.94 and a beta of 2.38.

GAP (NYSE:GAP) last issued its earnings results on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.07 billion. As a group, research analysts expect that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 3.41%. This is a boost from GAP’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, April 9th. GAP’s dividend payout ratio is presently 29.86%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GAP stock. California State Teachers Retirement System purchased a new stake in The Gap, Inc. (NYSE:GAP) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 209,599 shares of the company’s stock, valued at approximately $4,953,000. California State Teachers Retirement System owned approximately 0.06% of GAP as of its most recent filing with the SEC. Institutional investors and hedge funds own 58.81% of the company’s stock.

Analyst Upgrades and Downgrades

GAP has been the subject of a number of research reports. UBS Group dropped their target price on shares of GAP from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. BMO Capital Markets upped their target price on shares of GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. Morgan Stanley upped their target price on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $26.00 price target on shares of GAP in a research note on Friday, March 7th. Finally, Evercore ISI upped their price target on shares of GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, GAP presently has a consensus rating of “Moderate Buy” and an average target price of $29.25.

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.