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

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 2,365 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $19.59, for a total value of $46,330.35. Following the transaction, the chief financial officer now directly owns 8,503 shares in the company, valued at $166,573.77. This trade represents a 21.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 value of $1,628,590.15.

GAP Stock Performance

GAP opened at $20.19 on Thursday. The business has a fifty day simple moving average of $22.65 and a 200 day simple moving average of $22.52. The company has a market capitalization of $7.61 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38. The Gap, Inc. has a 1 year low of $18.54 and a 1 year 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.

GAP (NYSE:GAP) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.18. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.07 billion. GAP had a return on equity of 29.03% and a net margin of 5.40%. Research analysts expect that The Gap, Inc. will post 2.02 EPS for the current year.

GAP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.165 per share. This is a positive change from GAP’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Wednesday, April 9th. GAP’s dividend payout ratio is 29.86%.

Wall Street Analyst Weigh In

GAP has been the topic of several recent analyst reports. Evercore ISI boosted their price target on GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Wells Fargo & Company boosted their price target on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Morgan Stanley lifted their target price on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Bank of America lifted their target price on GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Finally, Guggenheim reiterated a “buy” rating and set a $35.00 target price on shares of GAP in a research note on Friday, November 22nd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

Institutional Trading of GAP

A hedge fund recently bought a new stake in GAP stock. California State Teachers Retirement System bought a new position in shares of The Gap, Inc. (NYSE:GAP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 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.

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.