Gap Inc (NYSE:GPS) CEO Jeff Kirwan sold 6,430 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $32.02, for a total value of $205,888.60. Following the sale, the chief executive officer now owns 30,698 shares of the company’s stock, valued at approximately $982,949.96. 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 Friday, December 1st, Jeff Kirwan sold 7,430 shares of GAP stock. The stock was sold at an average price of $32.02, for a total value of $237,908.60.
- On Wednesday, November 1st, Jeff Kirwan sold 1,000 shares of GAP stock. The stock was sold at an average price of $26.11, for a total value of $26,110.00.
- On Monday, October 2nd, Jeff Kirwan sold 1,000 shares of GAP stock. The stock was sold at an average price of $29.38, for a total value of $29,380.00.
Gap Inc (GPS) traded down $0.33 during trading hours on Friday, hitting $31.98. The stock had a trading volume of 6,227,163 shares, compared to its average volume of 5,989,820. The firm has a market capitalization of $12,046.79, a price-to-earnings ratio of 15.26, a P/E/G ratio of 1.84 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 1.73. Gap Inc has a 1-year low of $21.02 and a 1-year high of $32.83.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Tuesday, January 2nd. GAP’s payout ratio is currently 42.40%.
Large investors have recently added to or reduced their stakes in the company. Ffcm LLC increased its holdings in shares of GAP by 198.0% in the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after purchasing an additional 3,519 shares during the period. Howe & Rusling Inc. purchased a new stake in shares of GAP in the third quarter valued at approximately $190,000. AE Wealth Management LLC purchased a new stake in shares of GAP in the third quarter valued at approximately $223,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of GAP in the third quarter valued at approximately $229,000. Finally, LMR Partners LLP purchased a new stake in shares of GAP in the third quarter valued at approximately $231,000. 54.32% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the company. Citigroup cut GAP from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $32.50 to $25.00 in a research note on Thursday. ValuEngine raised GAP from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Cowen reaffirmed a “hold” rating and set a $32.00 price target on shares of GAP in a research report on Wednesday, November 22nd. Zacks Investment Research raised GAP from a “sell” rating to a “hold” rating in a research report on Monday, November 20th. Finally, KeyCorp set a $35.00 price target on GAP and gave the stock a “buy” rating in a research report on Thursday, November 16th. Four analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.94.
ILLEGAL ACTIVITY NOTICE: “Gap Inc (GPS) CEO Jeff Kirwan Sells 6,430 Shares” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/01/gap-inc-gps-ceo-jeff-kirwan-sells-6430-shares.html.
GAP 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.
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.