Katrina O'connell Sells 2,365 Shares of The Gap, Inc. (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP - Get Free Report) CFO Katrina O'connell sold 2,365 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $19.59, for a total transaction of $46,330.35. Following the transaction, the chief financial officer now owns 8,503 shares in the company, valued at approximately $166,573.77. The trade was a 21.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, March 14th, Katrina O'connell sold 80,029 shares of GAP stock. The shares were sold at an average price of $20.35, for a total transaction of $1,628,590.15.

GAP Price Performance

Shares of NYSE:GAP traded down $0.54 during trading on Friday, reaching $19.95. 23,312,727 shares of the company traded hands, compared to its average volume of 6,250,526. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The Gap, Inc. has a 52 week low of $18.54 and a 52 week high of $26.41. The firm has a market capitalization of $7.52 billion, a PE ratio of 9.23, a PEG ratio of 0.94 and a beta of 2.38. The company's 50 day moving average is $22.50 and its two-hundred day moving average is $22.48.

GAP (NYSE:GAP - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.18. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.07 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. As a group, sell-side analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current year.

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GAP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Wednesday, April 9th. This is an increase from GAP's previous quarterly dividend of $0.15. GAP's dividend payout ratio (DPR) is currently 29.86%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Evercore ISI upped their price objective on GAP from $32.00 to $33.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Wells Fargo & Company increased their price target on GAP from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Guggenheim reiterated a "buy" rating and issued a $35.00 price objective on shares of GAP in a report on Friday, November 22nd. Argus upgraded shares of GAP from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research note on Tuesday, January 21st. Finally, Morgan Stanley upped their price target on shares of GAP from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.25.

Hedge Funds Weigh In On GAP

A hedge fund recently bought a new stake in GAP stock. California State Teachers Retirement System bought a new position in shares of The Gap, Inc. (NYSE:GAP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 209,599 shares of the company's stock, valued at approximately $4,953,000. California State Teachers Retirement System owned approximately 0.06% of GAP at the end of the most recent quarter. Institutional investors own 58.81% of the company's stock.

About GAP

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.