Gap, Inc. (The) (NYSE:GPS) CEO Jeff Kirwan sold 1,000 shares of Gap, Inc. (The) stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $26.11, for a total value of $26,110.00. Following the completion of the sale, the chief executive officer now directly owns 24,268 shares in the company, valued at $633,637.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jeff Kirwan also recently made the following trade(s):

  • On Monday, October 2nd, Jeff Kirwan sold 1,000 shares of Gap, Inc. (The) stock. The stock was sold at an average price of $29.38, for a total value of $29,380.00.
  • 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 value of $23,910.00.

Gap, Inc. (The) (NYSE:GPS) last issued its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company posted $0.60 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, October 3rd. This represents a $0.92 annualized dividend and a yield of 3.54%. Gap, Inc. (The)’s dividend payout ratio is presently 43.81%.

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Several equities research analysts have recently issued reports on GPS shares. BMO Capital Markets set a $23.00 target price on Gap, Inc. (The) and gave the stock a “hold” rating in a report on Thursday, July 6th. 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 report on Friday, July 14th. BidaskClub raised Gap, Inc. (The) from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research raised Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $26.00 price objective on shares of Gap, Inc. (The) in a research note on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $26.79.

Hedge funds have recently modified their holdings of the business. Alpha Windward LLC boosted its position in Gap, Inc. (The) by 1,046.5% in the 3rd quarter. Alpha Windward LLC now owns 22,415 shares of the apparel retailer’s stock valued at $662,000 after buying an additional 20,460 shares during the period. Empirical Finance LLC boosted its position in Gap, Inc. (The) by 82.4% in the 2nd quarter. Empirical Finance LLC now owns 71,149 shares of the apparel retailer’s stock valued at $1,565,000 after buying an additional 32,145 shares during the period. Xact Kapitalforvaltning AB boosted its position in Gap, Inc. (The) by 8.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 29,517 shares of the apparel retailer’s stock valued at $649,000 after buying an additional 2,186 shares during the period. Bridgewater Associates LP boosted its position in Gap, Inc. (The) by 98.4% in the 2nd quarter. Bridgewater Associates LP now owns 551,572 shares of the apparel retailer’s stock valued at $12,129,000 after buying an additional 273,572 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in Gap, Inc. (The) by 15.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 153,985 shares of the apparel retailer’s stock valued at $3,386,000 after buying an additional 20,700 shares during the period. 56.39% 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.

Insider Buying and Selling by Quarter for Gap, Inc. (The) (NYSE:GPS)

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