The Gap, Inc. (NYSE:GAP) Insider Sells $606,396.42 in Stock

The Gap, Inc. (NYSE:GAP) insider Sarah Gilligan sold 29,813 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $20.34, for a total value of $606,396.42. Following the completion of the sale, the insider now owns 2,634 shares in the company, 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 filing with the SEC, which is available at the SEC website.

GAP Price Performance

Shares of GAP stock traded down $0.11 during trading hours on Monday, hitting $20.03. The company’s stock had a trading volume of 11,922,629 shares, compared to its average volume of 6,006,743. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $22.81 and a 200-day moving average of $22.55. The Gap, Inc. has a twelve month low of $18.54 and a twelve month high of $26.41. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 0.94 and a beta of 2.38.

GAP (NYSE:GAP) last announced its earnings results on Thursday, March 6th. The company reported $0.54 EPS for the quarter, beating 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 firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.07 billion. As a group, equities research analysts anticipate 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. Investors of record on Wednesday, April 9th will be paid a $0.165 dividend. This is an increase from GAP’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, April 9th. This represents a $0.66 annualized dividend and a yield of 3.30%. GAP’s payout ratio is presently 29.86%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Argus upgraded GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, January 21st. Robert W. Baird lowered their target price on shares of GAP from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Guggenheim reaffirmed a “buy” rating and issued a $35.00 target price on shares of GAP in a research report on Friday, November 22nd. Barclays boosted their price target on shares of GAP from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company boosted their price objective on GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, GAP presently has a consensus 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.