Insider Selling: Gap, Inc. (The) (GPS) CEO Sells 1,935 Shares of Stock
Gap, Inc. (The) (NYSE:GPS) CEO Sonia Syngal sold 1,935 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $25.79, for a total transaction of $49,903.65. Following the completion of the transaction, the chief executive officer now directly owns 39,656 shares in the company, valued at $1,022,728.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Gap, Inc. (NYSE:GPS) traded down 0.81% during trading on Friday, reaching $25.70. 5,564,567 shares of the company’s stock traded hands. The company has a 50-day moving average of $23.61 and a 200 day moving average of $23.71. The stock has a market capitalization of $10.08 billion, a P/E ratio of 12.24 and a beta of 0.82. Gap, Inc. has a 12 month low of $21.02 and a 12 month high of $30.74.
Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.52 by $0.06. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. On average, equities research analysts expect that Gap, Inc. will post $2.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio (DPR) is 43.81%.
A number of research analysts recently commented on GPS shares. TheStreet downgraded shares of Gap, Inc. (The) from a “b-” rating to a “c” rating in a research report on Thursday, May 18th. Oppenheimer Holdings Inc. raised shares of Gap, Inc. (The) from a “market perform” rating to an “outperform” rating and increased their target price for the company from $24.00 to $28.00 in a research report on Sunday, June 4th. Morgan Stanley reaffirmed an “underperform” rating and issued a $20.00 target price on shares of Gap, Inc. (The) in a research report on Monday, May 22nd. ValuEngine downgraded shares of Gap, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $27.00 target price (up from $26.00) on shares of Gap, Inc. (The) in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and six have assigned a buy rating to the stock. Gap, Inc. (The) has an average rating of “Hold” and a consensus target price of $25.74.
Hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Gap, Inc. (The) during the 1st quarter worth approximately $127,000. Ffcm LLC grew its position in shares of Gap, Inc. (The) by 198.0% during the 2nd quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock worth $121,000 after buying an additional 3,519 shares during the period. Penserra Capital Management LLC grew its position in shares of Gap, Inc. (The) by 9.5% during the 1st quarter. Penserra Capital Management LLC now owns 5,980 shares of the apparel retailer’s stock worth $145,000 after buying an additional 520 shares during the period. James Investment Research Inc. acquired a new stake in shares of Gap, Inc. (The) during the 2nd quarter worth approximately $144,000. Finally, Yorktown Management & Research Co Inc acquired a new stake in shares of Gap, Inc. (The) during the 1st quarter worth approximately $211,000. 56.21% of the stock is owned by institutional investors.
Gap, Inc. (The) Company Profile
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.
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