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

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 80,029 shares of GAP stock in a transaction that occurred 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 owns 8,290 shares of the company’s stock, valued at $168,701.50. This represents a 90.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

GAP Price Performance

Shares of GAP stock traded down $0.11 during trading on Monday, reaching $20.03. 11,922,629 shares of the company’s stock were exchanged, compared to its average volume of 6,006,743. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54. The Gap, Inc. has a 1-year low of $18.54 and a 1-year high of $26.41. The company has a market cap of $7.55 billion, a P/E ratio of 9.27, a PEG ratio of 0.94 and a beta of 2.38. The firm’s 50-day moving average price is $22.81 and its 200 day moving average price is $22.55.

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 analysts’ consensus estimates of $0.36 by $0.18. GAP had a return on equity of 29.03% and a net margin of 5.40%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.07 billion. As a group, research analysts anticipate that The Gap, Inc. will post 2.02 earnings per share for the current year.

GAP Increases Dividend

The company 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 $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from GAP’s previous quarterly dividend of $0.15. GAP’s dividend payout ratio is presently 29.86%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 target price on shares of GAP in a research note on Friday, March 7th. Barclays boosted 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. JPMorgan Chase & Co. boosted their price target on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. BMO Capital Markets boosted their price target on GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, November 22nd. Finally, Robert W. Baird reduced their price target on GAP from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Five equities research 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 company currently has an average rating of “Moderate Buy” and a consensus 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.