Gap Inc (GPS) CEO Jeff Kirwan Sells 1,000 Shares
Gap Inc (NYSE:GPS) CEO Jeff Kirwan sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $22.54, for a total transaction of $22,540.00. Following the completion of the transaction, the chief executive officer now owns 28,886 shares in the company, valued at $651,090.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jeff Kirwan also recently made the following trade(s):
- On Tuesday, May 16th, Jeff Kirwan sold 5,000 shares of Gap stock. The shares were sold at an average price of $24.88, for a total transaction of $124,400.00.
Shares of Gap Inc (NYSE GPS) traded up 1.29% during midday trading on Thursday, reaching $22.79. 5,937,863 shares of the company’s stock traded hands. Gap Inc has a one year low of $17.87 and a one year high of $30.74. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 13.17 and a beta of 0.99. The company has a 50-day moving average of $24.62 and a 200-day moving average of $24.42.
Gap (NYSE:GPS) last announced its quarterly earnings results on Thursday, May 18th. The apparel retailer reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.07. Gap had a net margin of 4.33% and a return on equity of 32.19%. The company had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the previous year, the business posted $0.32 earnings per share. Gap’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts anticipate that Gap Inc will post $2.00 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Friday, June 30th. Gap’s dividend payout ratio is presently 55.09%.
A number of large investors have recently made changes to their positions in GPS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Gap by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,576 shares of the apparel retailer’s stock worth $282,000 after buying an additional 59 shares during the period. Stephens Inc. AR boosted its position in Gap by 0.4% in the first quarter. Stephens Inc. AR now owns 14,596 shares of the apparel retailer’s stock worth $355,000 after buying an additional 59 shares during the period. Advantus Capital Management Inc boosted its position in Gap by 0.4% in the first quarter. Advantus Capital Management Inc now owns 21,962 shares of the apparel retailer’s stock worth $533,000 after buying an additional 89 shares during the period. Private Advisor Group LLC boosted its position in Gap by 1.5% in the first quarter. Private Advisor Group LLC now owns 10,700 shares of the apparel retailer’s stock worth $245,000 after buying an additional 153 shares during the period. Finally, Arizona State Retirement System boosted its position in Gap by 0.3% in the first quarter. Arizona State Retirement System now owns 74,243 shares of the apparel retailer’s stock worth $1,803,000 after buying an additional 200 shares during the period. Institutional investors own 57.87% of the company’s stock.
A number of research firms have weighed in on GPS. Wolfe Research reiterated an “outperform” rating and issued a $32.00 target price on shares of Gap in a research note on Friday, April 28th. Jefferies Group LLC set a $34.00 target price on shares of Gap and gave the company a “buy” rating in a research note on Thursday, May 4th. TheStreet upgraded shares of Gap from a “c” rating to a “b-” rating in a research note on Thursday, April 20th. Vetr cut shares of Gap from a “buy” rating to a “hold” rating and set a $24.84 target price on the stock. in a research note on Thursday, April 20th. Finally, FBR & Co set a $28.00 target price on shares of Gap and gave the company a “hold” rating in a research note on Monday, February 27th. Three research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $25.81.
The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.
Receive News & Ratings for Gap Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gap Inc and related companies with MarketBeat.com's FREE daily email newsletter.