The Gap EVP Unloads $675,000 in Stock (GPS)
The Gap (NYSE:GPS) EVP John T. Keiser unloaded 15,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $45.00, for a total transaction of $675,000.00. Following the completion of the sale, the executive vice president now directly owns 11,955 shares in the company, valued at approximately $537,975. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 company. The company presently has an average rating of “Hold” and an average price target of $42.03.
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 P/E ratio of 16.75.
The Gap (NYSE:GPS) last announced its earnings results on Thursday, August 21st. The company reported $0.74 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.64 earnings per share. The Gap’s revenue was up 2.9% compared to the same quarter last year. 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, October 29th. Shareholders of record on Wednesday, October 8th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Monday, October 6th.
The Gap, Inc (NYSE:GPS),is a global specialty apparel company.
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