The Gap, Inc. (NYSE:GAP) Insider Sells $30,109.83 in Stock

The Gap, Inc. (NYSE:GAP - Get Free Report) insider Julie Gruber sold 1,537 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $19.59, for a total value of $30,109.83. Following the completion of the transaction, the insider now owns 37,395 shares of the company's stock, valued at $732,568.05. The trade was a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

GAP Trading Down 2.6 %

Shares of GAP stock traded down $0.54 during trading hours on Friday, reaching $19.95. The company's stock had a trading volume of 23,312,727 shares, compared to its average volume of 6,250,526. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The Gap, Inc. has a one year low of $18.54 and a one year high of $26.41. The stock has a market capitalization of $7.52 billion, a P/E ratio of 9.23, a P/E/G ratio of 0.94 and a beta of 2.38. The firm's fifty day simple moving average is $22.50 and its 200 day simple moving average is $22.48.

GAP (NYSE:GAP - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.18. The business had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.07 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. Equities research analysts expect that The Gap, Inc. will post 2.02 EPS for the current year.

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GAP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a dividend of $0.165 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.66 annualized dividend and a dividend yield of 3.31%. This is a boost from GAP's previous quarterly dividend of $0.15. GAP's payout ratio is currently 29.86%.

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 The Gap, Inc. (NYSE:GAP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC. 58.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of GAP from $23.00 to $25.00 and gave the stock a "market perform" rating in a report on Friday, November 22nd. Robert W. Baird lowered their price target on shares of GAP from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Argus upgraded shares of GAP from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research report on Tuesday, January 21st. UBS Group decreased their price objective on GAP from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $26.00 target price on shares of GAP in a report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, GAP has an average rating of "Moderate Buy" and a consensus target price of $29.25.

GAP Company Profile

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.