Insider Selling: The Gap, Inc. (NYSE:GAP) CFO Sells 80,029 Shares of Stock

The Gap, Inc. (NYSE:GAP - Get Free Report) CFO Katrina O'connell sold 80,029 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $20.35, for a total transaction of $1,628,590.15. Following the sale, the chief financial officer now owns 8,290 shares in the company, valued at $168,701.50. This represents a 90.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 18th, Katrina O'connell sold 2,365 shares of GAP stock. The stock was sold at an average price of $19.59, for a total value of $46,330.35.

GAP Stock Down 2.6 %

Shares of GAP stock traded down $0.54 during mid-day trading on Friday, hitting $19.95. The stock had a trading volume of 23,312,727 shares, compared to its average volume of 6,266,759. The Gap, Inc. has a 12-month low of $18.54 and a 12-month high of $26.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84. The firm's 50-day moving average is $22.59 and its two-hundred day moving average is $22.50. The firm has a market capitalization of $7.52 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38.

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

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GAP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 3.31%. This is a positive change from GAP's previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, April 9th. GAP's dividend payout ratio (DPR) is presently 29.86%.

Institutional Trading of GAP

A hedge fund recently bought a new stake in GAP stock. California State Teachers Retirement System acquired a new position in shares of The Gap, Inc. (NYSE:GAP - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 209,599 shares of the company's stock, valued at approximately $4,953,000. California State Teachers Retirement System owned about 0.06% of GAP at the end of the most recent reporting period. 58.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GAP shares. Evercore ISI raised their price target on GAP from $32.00 to $33.00 and gave the stock an "outperform" rating in a research 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 report on Tuesday, January 21st. 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 report on Friday, November 22nd. Bank of America raised their price objective on shares of GAP from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Finally, Wells Fargo & Company upped their target price on GAP from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.