Katrina O’connell Sells 9,818 Shares of The Gap, Inc. (NYSE:GPS) Stock

The Gap, Inc. (NYSE:GPSGet Free Report) CFO Katrina O’connell sold 9,818 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $27.94, for a total transaction of $274,314.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Katrina O’connell also recently made the following trade(s):

  • On Wednesday, March 20th, Katrina O’connell sold 20,000 shares of GAP stock. The shares were sold at an average price of $26.00, for a total transaction of $520,000.00.
  • On Monday, March 18th, Katrina O’connell sold 2,724 shares of GAP stock. The shares were sold at an average price of $23.70, for a total transaction of $64,558.80.
  • On Thursday, March 14th, Katrina O’connell sold 45,266 shares of GAP stock. The shares were sold at an average price of $22.58, for a total transaction of $1,022,106.28.

GAP Stock Performance

Shares of GPS opened at $27.55 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.42. The Gap, Inc. has a twelve month low of $7.22 and a twelve month high of $28.59. The firm’s 50 day moving average price is $21.22 and its two-hundred day moving average price is $17.78. The firm has a market cap of $10.29 billion, a P/E ratio of 20.56, a PEG ratio of 1.70 and a beta of 2.24.

GAP (NYSE:GPSGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The apparel retailer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.29. GAP had a net margin of 3.37% and a return on equity of 22.56%. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the firm posted ($0.75) earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. On average, analysts forecast that The Gap, Inc. will post 1.36 EPS for the current fiscal year.

GAP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Tuesday, April 9th. GAP’s payout ratio is currently 44.78%.

Analyst Upgrades and Downgrades

GPS has been the subject of several analyst reports. Evercore ISI lifted their price target on shares of GAP from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. TheStreet upgraded shares of GAP from a “c” rating to a “b-” rating in a research report on Thursday, March 7th. The Goldman Sachs Group lifted their price target on shares of GAP from $18.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Robert W. Baird lifted their price target on shares of GAP to $23.00 and gave the stock a “hold” rating in a research report on Friday, March 22nd. Finally, Barclays lifted their price target on shares of GAP from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.89.

Get Our Latest Stock Report on GAP

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. US Bancorp DE lifted its position in shares of GAP by 34.9% in the first quarter. US Bancorp DE now owns 12,100 shares of the apparel retailer’s stock worth $170,000 after purchasing an additional 3,132 shares in the last quarter. Rhumbline Advisers lifted its position in shares of GAP by 54.9% in the first quarter. Rhumbline Advisers now owns 535,779 shares of the apparel retailer’s stock worth $7,544,000 after purchasing an additional 189,872 shares in the last quarter. Covestor Ltd lifted its position in shares of GAP by 208.4% in the first quarter. Covestor Ltd now owns 6,923 shares of the apparel retailer’s stock worth $97,000 after purchasing an additional 4,678 shares in the last quarter. American International Group Inc. lifted its position in shares of GAP by 470.4% in the first quarter. American International Group Inc. now owns 360,438 shares of the apparel retailer’s stock worth $5,075,000 after purchasing an additional 297,247 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC bought a new stake in shares of GAP in the first quarter worth $915,000. Institutional investors own 58.81% of the company’s stock.

About GAP

(Get Free Report)

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.

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Insider Buying and Selling by Quarter for GAP (NYSE:GPS)

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