Sarah Gilligan Sells 29,813 Shares of The Gap, Inc. (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP - Get Free Report) insider Sarah Gilligan sold 29,813 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $20.34, for a total value of $606,396.42. Following the completion of the transaction, the insider now owns 2,634 shares of the company's stock, valued at $53,575.56. This trade represents a 91.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

GAP Stock Down 2.6 %

Shares of NYSE:GAP traded down $0.54 during mid-day trading on Friday, hitting $19.95. 23,312,727 shares of the company traded hands, compared to its average volume of 6,266,759. The firm's 50 day simple moving average is $22.59 and its 200 day simple moving average is $22.50. The firm has a market cap of $7.52 billion, a P/E ratio of 9.23, a PEG ratio of 0.94 and a beta of 2.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54. The Gap, Inc. has a 52-week low of $18.54 and a 52-week high of $26.41.

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

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GAP Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Wednesday, April 9th. This represents a $0.66 dividend on an annualized basis and a yield of 3.31%. This is a positive change from GAP's previous quarterly dividend of $0.15. GAP's payout ratio is currently 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 stake in shares of The Gap, Inc. (NYSE:GAP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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 SEC filing. Institutional investors own 58.81% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Evercore ISI upped their target price on GAP from $32.00 to $33.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Guggenheim restated a "buy" rating and set a $35.00 price objective on shares of GAP in a report on Friday, November 22nd. Bank of America lifted their target price on GAP from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Morgan Stanley upped their price target on GAP from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised their price objective on GAP from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company 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.