The Gap, Inc. (NYSE:GAP) Director Elisabeth B. Donohue Sells 3,539 Shares of Stock

The Gap, Inc. (NYSE:GAP) Director Elisabeth B. Donohue sold 3,539 shares of GAP stock in a transaction dated 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 transaction, the director now owns 4,000 shares in the company, valued at $84,160. This trade represents a 46.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

GAP Stock Performance

Shares of GAP stock opened at $20.71 on Friday. The stock has a market cap of $7.81 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38. The Gap, Inc. has a 52-week low of $18.54 and a 52-week high of $30.75. The business has a 50-day simple moving average of $22.97 and a 200-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.

GAP (NYSE:GAP) last announced its quarterly 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 net margin of 5.40% and a return on equity of 29.03%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.07 billion. On average, equities analysts expect that The Gap, Inc. will post 2.02 EPS 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 dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.19%. This is a boost from GAP’s previous quarterly dividend of $0.15. GAP’s dividend payout ratio is presently 29.86%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GAP. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 price objective on shares of GAP in a research report on Friday, March 7th. Bank of America lifted their price target on shares of GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Evercore ISI increased their price objective on GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, Guggenheim reiterated a “buy” rating and issued a $35.00 price target on shares of GAP in a research note 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 company’s stock. According to data from MarketBeat.com, the company has a consensus 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.