Insider Selling: Gap, Inc. (The) (NYSE:GPS) CEO Sells 1,935 Shares of Stock

Gap, Inc. (The) (NYSE:GPS) CEO Sonia Syngal sold 1,935 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $25.79, for a total transaction of $49,903.65. Following the completion of the sale, the chief executive officer now directly owns 39,656 shares in the company, valued at approximately $1,022,728.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Gap, Inc. (NYSE:GPS) traded up 0.68% during mid-day trading on Friday, hitting $27.99. The stock had a trading volume of 5,071,092 shares. Gap, Inc. has a one year low of $21.02 and a one year high of $30.74. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 13.33 and a beta of 0.82. The company has a 50-day moving average of $24.20 and a 200 day moving average of $23.83.

Gap, Inc. (The) (NYSE:GPS) last announced its earnings results on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.06. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share. On average, equities research analysts forecast that Gap, Inc. will post $2.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio is currently 43.81%.

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A number of research firms have weighed in on GPS. Zacks Investment Research cut shares of Gap, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and issued a $39.00 price objective (up from $35.00) on shares of Gap, Inc. (The) in a research report on Thursday, September 7th. ValuEngine upgraded shares of Gap, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Royal Bank Of Canada reiterated a “hold” rating and issued a $26.00 price objective on shares of Gap, Inc. (The) in a research report on Wednesday, August 9th. Finally, BMO Capital Markets set a $23.00 price objective on shares of Gap, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $26.01.

A number of large investors have recently modified their holdings of GPS. BlackRock Inc. grew its position in Gap, Inc. (The) by 4,968.6% during the first quarter. BlackRock Inc. now owns 22,738,113 shares of the apparel retailer’s stock worth $552,308,000 after buying an additional 22,289,507 shares in the last quarter. Prudential Financial Inc. grew its position in Gap, Inc. (The) by 202.2% during the second quarter. Prudential Financial Inc. now owns 3,801,842 shares of the apparel retailer’s stock worth $83,603,000 after buying an additional 2,543,850 shares in the last quarter. Vanguard Group Inc. grew its position in Gap, Inc. (The) by 8.8% during the first quarter. Vanguard Group Inc. now owns 23,100,485 shares of the apparel retailer’s stock worth $561,111,000 after buying an additional 1,876,653 shares in the last quarter. NN Investment Partners Holdings N.V. grew its position in Gap, Inc. (The) by 36.6% during the second quarter. NN Investment Partners Holdings N.V. now owns 2,605,366 shares of the apparel retailer’s stock worth $57,291,000 after buying an additional 697,881 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Gap, Inc. (The) by 22.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,004,102 shares of the apparel retailer’s stock worth $66,067,000 after buying an additional 545,463 shares in the last quarter. 56.21% of the stock is currently owned by institutional investors and hedge funds.

Gap, Inc. (The) 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.

Insider Buying and Selling by Quarter for Gap, Inc. (The) (NYSE:GPS)

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