The Gap CFO Sabrina Simmons Sells 22,500 Shares (GPS)
The Gap (NYSE:GPS) CFO Sabrina Simmons sold 22,500 shares of The Gap stock on the open market in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $44.40, for a total transaction of $999,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
The Gap (NYSE:GPS) traded up 0.62% during mid-day trading on Monday, hitting $45.71. 4,052,863 shares of the company’s stock traded hands. The Gap has a 52 week low of $36.13 and a 52 week high of $46.24. The stock has a 50-day moving average of $41.16 and a 200-day moving average of $41.08. The company has a market cap of $19.838 billion and a price-to-earnings ratio of 16.75.
The Gap (NYSE:GPS) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 2.9% 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 announced a quarterly dividend, which is scheduled for Wednesday, October 29th. Stockholders of record on Wednesday, October 8th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Monday, October 6th.
A number of research firms have recently commented on GPS. Analysts at Telsey Advisory Group raised their price target on shares of The Gap from $48.00 to $50.00 in a research note on Friday. They now have a “not rated” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of The Gap from $48.00 to $50.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Mizuho raised their price target on shares of The Gap from $48.00 to $50.00 in a research note on Friday. They now have a “buy” rating on the stock. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The Gap presently has a consensus rating of “Hold” and an average price target of $42.03.
The Gap, Inc (NYSE:GPS),is a global specialty apparel company.
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