Gap, Inc. (The) (GPS) CEO Sells $29,380.00 in Stock
Gap, Inc. (The) (NYSE:GPS) CEO Jeff Kirwan sold 1,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $29.38, for a total transaction of $29,380.00. Following the completion of the transaction, the chief executive officer now directly owns 25,268 shares of the company’s stock, valued at approximately $742,373.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Jeff Kirwan also recently made the following trade(s):
- On Friday, September 1st, Jeff Kirwan sold 1,000 shares of Gap, Inc. (The) stock. The stock was sold at an average price of $23.91, for a total transaction of $23,910.00.
- On Tuesday, August 1st, Jeff Kirwan sold 1,000 shares of Gap, Inc. (The) stock. The stock was sold at an average price of $23.84, for a total transaction of $23,840.00.
Gap, Inc. (GPS) traded down 1.06% during trading on Tuesday, hitting $28.96. The stock had a trading volume of 3,446,461 shares. The stock has a market capitalization of $11.36 billion, a P/E ratio of 13.80 and a beta of 0.87. Gap, Inc. has a 52 week low of $21.02 and a 52 week high of $30.74. The company has a 50-day moving average of $25.97 and a 200-day moving average of $24.22. Gap, Inc. (The) also saw some unusual options trading activity on Monday. Stock investors bought 619 put options on the stock. This is an increase of approximately 443% compared to the typical volume of 114 put options.
Gap, Inc. (The) (NYSE:GPS) last posted its earnings results on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.06. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. Gap, Inc. (The)’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, equities analysts expect that Gap, Inc. will post $2.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.18%. The ex-dividend date is Tuesday, October 3rd. Gap, Inc. (The)’s payout ratio is 43.81%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GPS. Bridges Investment Management Inc. bought a new position in shares of Gap, Inc. (The) in the third quarter worth $236,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Gap, Inc. (The) in the second quarter worth $1,142,000. Verition Fund Management LLC raised its position in shares of Gap, Inc. (The) by 21.9% in the second quarter. Verition Fund Management LLC now owns 23,570 shares of the apparel retailer’s stock worth $518,000 after buying an additional 4,228 shares in the last quarter. Piedmont Investment Advisors LLC raised its position in shares of Gap, Inc. (The) by 3.6% in the second quarter. Piedmont Investment Advisors LLC now owns 123,135 shares of the apparel retailer’s stock worth $2,708,000 after buying an additional 4,316 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of Gap, Inc. (The) in the second quarter worth $1,376,000. Hedge funds and other institutional investors own 56.22% of the company’s stock.
Several analysts recently issued reports on GPS shares. Jefferies Group LLC set a $35.00 target price on Gap, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday, August 16th. Oppenheimer Holdings Inc. raised their price target on Gap, Inc. (The) from $28.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday. BidaskClub upgraded Gap, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Royal Bank Of Canada restated a “hold” rating and issued a $26.00 price target on shares of Gap, Inc. (The) in a research note on Monday, September 18th. Finally, Telsey Advisory Group boosted their price target on Gap, Inc. (The) from $27.00 to $31.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 19th. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $26.73.
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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