Gap Inc. (NYSE:GPS) EVP Paul Joseph Chapman sold 6,764 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $24.99, for a total transaction of $169,032.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Gap Inc. (NYSE:GPS) opened at 26.18 on Friday. The stock’s 50 day moving average is $26.80 and its 200 day moving average is $23.42. The stock has a market capitalization of $10.45 billion, a price-to-earnings ratio of 15.58 and a beta of 1.06. Gap Inc. has a 12-month low of $17.00 and a 12-month high of $30.74.
Gap (NYSE:GPS) last released its earnings results on Thursday, November 17th. The apparel retailer reported $0.60 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.60. Gap had a net margin of 4.33% and a return on equity of 32.19%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period in the prior year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities research analysts forecast that Gap Inc. will post $1.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 4th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, December 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.51%. Gap’s payout ratio is 55.09%.
GPS has been the subject of a number of analyst reports. Vetr raised shares of Gap from a “buy” rating to a “strong-buy” rating and set a $27.65 price objective for the company in a research note on Tuesday, August 2nd. FBR & Co set a $22.00 price objective on shares of Gap and gave the stock a “hold” rating in a research note on Friday, August 5th. Mizuho raised shares of Gap from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $17.00 to $24.00 in a research note on Tuesday, August 9th. Royal Bank Of Canada increased their price objective on shares of Gap from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 9th. Finally, RBC Capital Markets reissued a “hold” rating and issued a $23.00 price objective (up from $20.00) on shares of Gap in a research note on Tuesday, August 9th. Five equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $24.87.
Several hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of Gap by 11.7% in the second quarter. Pacer Advisors Inc. now owns 5,777 shares of the apparel retailer’s stock valued at $123,000 after buying an additional 606 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Gap by 22.1% in the second quarter. Advisory Services Network LLC now owns 5,869 shares of the apparel retailer’s stock valued at $125,000 after buying an additional 1,062 shares in the last quarter. Americafirst Capital Management LLC bought a new position in shares of Gap during the second quarter valued at approximately $139,000. Toronto Dominion Bank raised its position in shares of Gap by 362.7% in the third quarter. Toronto Dominion Bank now owns 6,691 shares of the apparel retailer’s stock valued at $149,000 after buying an additional 5,245 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Gap during the third quarter valued at approximately $161,000. Hedge funds and other institutional investors own 58.77% of the company’s stock.
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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