Gap Inc (NYSE:GPS) CEO Jeff Kirwan sold 50,000 shares of GAP stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $32.56, for a total transaction of $1,628,000.00. Following the completion of the sale, the chief executive officer now owns 50,000 shares of the company’s stock, valued at approximately $1,628,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Jeff Kirwan also recently made the following trade(s):
- On Monday, March 5th, Jeff Kirwan sold 101,820 shares of GAP stock. The shares were sold at an average price of $33.73, for a total transaction of $3,434,388.60.
Shares of GAP stock opened at $31.93 on Thursday. The firm has a market cap of $12,572.48, a PE ratio of 15.00, a P/E/G ratio of 1.54 and a beta of 0.88. Gap Inc has a 1-year low of $21.02 and a 1-year high of $35.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.86 and a quick ratio of 1.04.
GAP (NYSE:GPS) last issued its quarterly earnings results on Thursday, March 1st. The apparel retailer reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. GAP had a net margin of 5.35% and a return on equity of 28.13%. The company had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the prior year, the company earned $0.51 EPS. GAP’s revenue was up 7.9% on a year-over-year basis. analysts forecast that Gap Inc will post 2.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 2nd. Shareholders of record on Wednesday, April 11th will be issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 3.04%. This is an increase from GAP’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, April 10th. GAP’s dividend payout ratio is presently 42.99%.
Several analysts have weighed in on the stock. Oppenheimer boosted their target price on shares of GAP from $30.00 to $33.00 in a research note on Friday, March 9th. TheStreet upgraded shares of GAP from a “c+” rating to a “b” rating in a research note on Thursday, March 1st. Nomura boosted their target price on shares of GAP from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 5th. Credit Suisse Group assumed coverage on shares of GAP in a research note on Monday, March 12th. They set a “neutral” rating and a $35.00 target price for the company. Finally, Royal Bank of Canada set a $35.00 price target on shares of GAP and gave the company a “hold” rating in a report on Thursday, March 1st. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.99.
Hedge funds and other institutional investors have recently modified their holdings of the business. Avestar Capital LLC acquired a new stake in GAP in the 4th quarter valued at about $116,000. San Francisco Sentry Investment Group CA lifted its holdings in GAP by 543.3% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 3,493 shares of the apparel retailer’s stock valued at $119,000 after acquiring an additional 2,950 shares during the last quarter. Cerebellum GP LLC acquired a new stake in GAP in the 4th quarter valued at about $130,000. Acropolis Investment Management LLC lifted its holdings in GAP by 115.4% in the 4th quarter. Acropolis Investment Management LLC now owns 4,185 shares of the apparel retailer’s stock valued at $143,000 after acquiring an additional 2,242 shares during the last quarter. Finally, Mariner Wealth Advisors LLC acquired a new stake in GAP in the 4th quarter valued at about $203,000. 58.30% of the stock is owned by institutional investors.
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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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