The Gap, Inc. (NYSE:GAP - Get Free Report) Director Elisabeth B. Donohue sold 3,539 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $21.04, for a total value of $74,460.56. Following the completion of the sale, the director now directly owns 4,000 shares of the company's stock, valued at approximately $84,160. This represents a 46.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
GAP Stock Performance
NYSE:GAP opened at $20.71 on Friday. The Gap, Inc. has a 52 week low of $18.54 and a 52 week high of $30.75. The company has a fifty day simple moving average of $22.97 and a two-hundred day simple moving average of $22.59. 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 cap of $7.81 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38.
GAP (NYSE:GAP - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.36 by $0.18. GAP had a return on equity of 29.03% and a net margin of 5.40%. The firm had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.07 billion. As a group, equities analysts anticipate that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.
GAP Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.19%. This is a positive change from GAP's previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, April 9th. GAP's dividend payout ratio is presently 29.86%.
Analyst Ratings Changes
Several research analysts have recently commented on GAP shares. Bank of America lifted their price target on GAP from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Robert W. Baird reduced their target price on shares of GAP from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Guggenheim reissued a "buy" rating and issued a $35.00 price target on shares of GAP in a research note on Friday, November 22nd. UBS Group reduced their price target on shares of GAP from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Barclays increased their price objective on GAP from $32.00 to $33.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, GAP currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.25.
Check Out Our Latest Stock Report on GAP
GAP Company Profile
(
Get Free Report)
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.
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