Insider Selling: John T. Keiser Sells 25,000 Shares of The Gap Stock (GPS)
The Gap (NYSE:GPS) EVP John T. Keiser sold 25,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $42.50, for a total transaction of $1,062,500.00. Following the completion of the transaction, the executive vice president now directly owns 11,955 shares of the company’s stock, valued at approximately $508,088. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
The Gap (NYSE:GPS) traded down 0.66% on Monday, hitting $42.29. The stock had a trading volume of 3,390,178 shares. The Gap has a 1-year low of $36.13 and a 1-year high of $44.78. The stock has a 50-day moving average of $40.72 and a 200-day moving average of $40.67. The company has a market cap of $18.638 billion and a P/E ratio of 16.30.
The Gap (NYSE:GPS) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.58 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.71 earnings per share. The Gap’s revenue was down 99.9% compared to the same quarter last year. Analysts expect that The Gap will post $2.95 EPS for the current fiscal year.
A number of analysts have recently weighed in on GPS shares. Analysts at Credit Suisse initiated coverage on shares of The Gap in a research note on Monday. They set a “neutral” rating and a $44.00 price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of The Gap from $51.00 to $50.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Finally, analysts at Sterne Agee cut their price target on shares of The Gap from $47.00 to $46.00 in a research note on Friday, July 11th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $41.83.
The Gap, Inc (NYSE:GPS),is a global specialty apparel company.
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