Trade Report: Today, 11,406 Shares of Gap Inc. (GPS) Stock are sold by Jeff Kirwan

Today, 11,406 Shares of Gap Inc. (GPS) Stock are sold by Jeff Kirwan

Gap Inc. (NYSE:GPS) President Jeff Kirwan sold 11,406 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $25.38, for a total value of $289,484.28. Following the completion of the sale, the president now owns 19,094 shares of the company’s stock, valued at approximately $484,605.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Gap Inc. (NYSE:GPS) opened at 26.18 on Friday. The stock has a 50 day moving average price of $26.80 and a 200-day moving average price of $23.42. Gap Inc. has a one year low of $17.00 and a one year high of $30.74. The stock has a market cap of $10.45 billion, a PE ratio of 15.58 and a beta of 1.06.

Gap (NYSE:GPS) last issued its earnings results on Thursday, November 17th. The apparel retailer reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. Gap had a return on equity of 32.19% and a net margin of 4.33%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. Equities research analysts expect that Gap Inc. will post $1.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 4th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, December 30th. This represents a $0.92 dividend on an annualized basis and a yield of 3.51%. Gap’s payout ratio is 55.09%.

GPS has been the subject of several recent research reports. Jefferies Group set a $32.00 price objective on Gap and gave the company a “buy” rating in a research report on Saturday, October 8th. Wolfe Research reiterated an “outperform” rating and issued a $33.00 price objective (up previously from $30.00) on shares of Gap in a research report on Tuesday, November 8th. BMO Capital Markets reiterated a “hold” rating on shares of Gap in a research report on Saturday, November 19th. RBC Capital Markets reiterated a “hold” rating and issued a $23.00 price objective (up previously from $20.00) on shares of Gap in a research report on Tuesday, August 9th. Finally, Mizuho boosted their price objective on Gap from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, November 8th. Five analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and five have issued a buy rating to the company’s stock. Gap has an average rating of “Hold” and a consensus price target of $24.87.

Institutional investors have recently added to or reduced their stakes in the company. Blair William & Co. IL boosted its position in Gap by 0.5% in the second quarter. Blair William & Co. IL now owns 18,164 shares of the apparel retailer’s stock worth $385,000 after buying an additional 84 shares during the last quarter. Cypress Capital Group boosted its position in Gap by 0.9% in the first quarter. Cypress Capital Group now owns 16,426 shares of the apparel retailer’s stock worth $482,000 after buying an additional 148 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Gap by 0.9% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,783 shares of the apparel retailer’s stock worth $417,000 after buying an additional 166 shares during the last quarter. Charter Trust Co. boosted its position in Gap by 1.6% in the second quarter. Charter Trust Co. now owns 11,374 shares of the apparel retailer’s stock worth $241,000 after buying an additional 175 shares during the last quarter. Finally, World Asset Management Inc boosted its position in Gap by 0.9% in the third quarter. World Asset Management Inc now owns 25,916 shares of the apparel retailer’s stock worth $576,000 after buying an additional 223 shares during the last quarter. 58.77% of the stock is owned by institutional investors.

Gap Company Profile

The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

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