The Gap CFO Sabrina Simmons Unloads 12,369 Shares (GPS)
The Gap (NYSE:GPS) CFO Sabrina Simmons sold 12,369 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $41.74, for a total value of $516,282.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on GPS shares. Analysts at Zacks reiterated a “neutral” rating on shares of The Gap in a research note on Wednesday, June 18th. They now have a $43.00 price target on the stock. Separately, analysts at Canaccord Genuity upgraded shares of The Gap from a “hold” rating to a “buy” rating in a research note on Tuesday, June 17th. They now have a $51.00 price target on the stock, up previously from $47.00. Finally, analysts at Wedbush initiated coverage on shares of The Gap in a research note on Wednesday, June 4th. They set a “neutral” rating and a $44.00 price target on the stock. Fourteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $43.42.
The Gap (NYSE:GPS) traded down 0.43% during mid-day trading on Tuesday, hitting $41.61. The stock had a trading volume of 2,833,213 shares. The Gap has a one year low of $36.13 and a one year high of $46.56. The stock has a 50-day moving average of $40.96 and a 200-day moving average of $40.22. The company has a market cap of $18.338 billion and a price-to-earnings ratio of 16.00.
The Gap (NYSE:GPS) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was down 99.9% on a year-over-year basis. Analysts expect that The Gap will post $2.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 30th. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Monday, July 7th.
The Gap, Inc (NYSE:GPS),is a global specialty apparel company.
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