The Gap, Inc. (NYSE:GAP) Insider Sarah Gilligan Sells 29,813 Shares of Stock

The Gap, Inc. (NYSE:GAP) insider Sarah Gilligan sold 29,813 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $20.34, for a total transaction of $606,396.42. Following the completion of the transaction, the insider now directly owns 2,634 shares of the company’s stock, valued at approximately $53,575.56. The trade was a 91.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

GAP Stock Performance

Shares of GAP stock opened at $20.03 on Tuesday. The Gap, Inc. has a fifty-two week low of $18.54 and a fifty-two week high of $26.41. 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 firm has a market capitalization of $7.55 billion, a P/E ratio of 9.27, a P/E/G ratio of 0.94 and a beta of 2.38. The company’s 50 day moving average price is $22.81 and its two-hundred 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 for the quarter, beating analysts’ consensus estimates of $0.36 by $0.18. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.07 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. On average, equities analysts forecast that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.66 annualized dividend and a dividend yield of 3.30%. This is an increase from GAP’s previous quarterly dividend of $0.15. GAP’s dividend payout ratio (DPR) is presently 29.86%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GAP. Wells Fargo & Company upped their target price on shares of GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Evercore ISI upped their target price on shares of GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Barclays upped their target price on shares of GAP from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, March 7th. UBS Group lowered their price target on shares of GAP from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Finally, Morgan Stanley increased their price target on shares of GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.