The Gap EVP John T. Keiser Unloads 18,171 Shares (GPS)
The Gap (NYSE:GPS) EVP John T. Keiser sold 18,171 shares of the company’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $41.39, for a total value of $752,097.69. Following the completion of the sale, the executive vice president now directly owns 11,955 shares in the company, valued at approximately $494,817. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
The Gap (NYSE:GPS) traded up 0.22% during mid-day trading on Tuesday, hitting $41.66. 3,292,890 shares of the company’s stock traded hands. The Gap has a 1-year low of $36.13 and a 1-year high of $46.56. The stock has a 50-day moving average of $41.22 and a 200-day moving average of $40.32. The company has a market cap of $18.361 billion and a price-to-earnings ratio of 15.92.
The Gap (NYSE:GPS) last posted its quarterly earnings results 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. On average, analysts predict that The Gap will post $2.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 30th. Investors 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.
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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $43.42.
The Gap, Inc (NYSE:GPS),is a global specialty apparel company.
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