The Gap, Inc. (NYSE:GAP - Get Free Report) CEO Horacio Barbeito sold 75,385 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $1,507,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
GAP Stock Up 3.2 %
Shares of GAP stock traded up $0.66 on Friday, reaching $21.21. 5,577,061 shares of the company were exchanged, compared to its average volume of 7,584,269. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.15 and a beta of 2.35. The Gap, Inc. has a 1-year low of $9.71 and a 1-year high of $30.75. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51.
GAP Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Wednesday, October 9th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, October 9th.
Analyst Ratings Changes
Several brokerages recently issued reports on GAP. JPMorgan Chase & Co. raised their price objective on GAP from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Telsey Advisory Group reduced their price target on shares of GAP from $29.00 to $26.00 and set a "market perform" rating on the stock in a research report on Tuesday, September 3rd.
Read Our Latest Report on GAP
GAP Company Profile
(
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 adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider GAP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GAP wasn't on the list.
While GAP currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
