Gap EVP Sells $229,943 in Stock (GPS)
Gap (NYSE:GPS) EVP Sonia Syngal unloaded 5,375 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $42.78, for a total value of $229,942.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on GPS. Analysts at Paradigm Capital cut their price target on shares of Gap from $3.75 to $3.50 in a research note on Friday, February 7th. Separately, analysts at Nomura reiterated a “buy” rating on shares of Gap in a research note on Friday, February 7th. They now have a $44.00 price target on the stock, up previously from $40.00. Finally, analysts at Sterne Agee raised their price target on shares of Gap from $44.00 to $48.00 in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.79.
Shares of Gap (NYSE:GPS) traded up 0.09% on Wednesday, hitting $42.59. 1,029,753 shares of the company’s stock traded hands. Gap has a 52 week low of $31.19 and a 52 week high of $46.56. The stock’s 50-day moving average is $38.64 and its 200-day moving average is $40.17. The company has a market cap of $19.122 billion and a P/E ratio of 15.17.
Gap (NYSE:GPS) last released its earnings data on Thursday, November 21st. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.01. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the company posted $0.63 earnings per share. Gap’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that Gap will post $2.73 EPS for the current fiscal year.
The Gap, Inc (NYSE:GPS) is a global specialty apparel company.
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