The Gap Insider Jack Calhoun Sells 93,750 Shares (GPS)
The Gap (NYSE:GPS) Insider Jack Calhoun sold 93,750 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $45.79, for a total transaction of $4,292,812.50. Following the transaction, the insider now directly owns 1,234 shares in the company, valued at approximately $56,505. The transaction was disclosed in a filing with the SEC, which is available at this link.
The Gap (NYSE:GPS) traded up 1.23% during mid-day trading on Tuesday, hitting $46.27. The stock had a trading volume of 4,450,757 shares. The Gap has a 52 week low of $36.13 and a 52 week high of $46.61. The stock has a 50-day moving average of $41.30 and a 200-day moving average of $41.12. The company has a market cap of $20.081 billion and a P/E ratio of 16.85.
The Gap (NYSE:GPS) last released its earnings data on Thursday, August 21st. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts expect that The Gap will post $2.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 29th. Investors 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 1.90%. The ex-dividend date of this dividend is Monday, October 6th.
A number of research firms have recently commented on GPS. Analysts at Cowen and Company raised their price target on shares of The Gap from $41.00 to $48.00 in a research note on Tuesday. Separately, 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. Finally, 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. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $42.34.
The Gap, Inc (NYSE:GPS),is a global specialty apparel company.
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