Gap Inc (GPS) CEO Sells $237,908.60 in Stock

Gap Inc (NYSE:GPS) CEO Jeff Kirwan sold 7,430 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $32.02, for a total transaction of $237,908.60. Following the completion of the transaction, the chief executive officer now directly 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 SEC, which is available through this link.

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

  • On Wednesday, November 29th, Jeff Kirwan sold 6,430 shares of GAP stock. The stock was sold at an average price of $32.02, for a total transaction of $205,888.60.
  • On Wednesday, November 1st, Jeff Kirwan sold 1,000 shares of GAP stock. The shares were sold at an average price of $26.11, for a total transaction of $26,110.00.
  • On Monday, October 2nd, Jeff Kirwan sold 1,000 shares of GAP stock. The shares were sold at an average price of $29.38, for a total transaction of $29,380.00.

Shares of Gap Inc (GPS) traded down $0.33 during midday trading on Friday, reaching $31.98. 6,227,163 shares of the company’s stock traded hands, compared to its average volume of 5,989,820. The company has a quick ratio of 0.77, a current ratio of 1.73 and a debt-to-equity ratio of 0.41. Gap Inc has a 1-year low of $21.02 and a 1-year high of $32.83. The company has a market cap of $12,046.79, a price-to-earnings ratio of 15.26, a PEG ratio of 1.84 and a beta of 0.86.

GAP (NYSE:GPS) last issued its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.76 billion. GAP had a net margin of 5.57% and a return on equity of 27.47%. GAP’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. research analysts expect that Gap Inc will post 2.1 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd will be paid a $0.23 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 2.88%. GAP’s payout ratio is 42.40%.

Institutional investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of GAP by 286.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,620 shares of the apparel retailer’s stock valued at $255,000 after acquiring an additional 6,392 shares during the last quarter. Greenlight Capital Inc. purchased a new stake in shares of GAP during the 3rd quarter valued at about $7,751,000. Gyroscope Capital Management Group LLC purchased a new stake in shares of GAP during the 3rd quarter valued at about $5,826,000. Belpointe Asset Management LLC purchased a new stake in shares of GAP during the 3rd quarter valued at about $658,000. Finally, FrontFour Capital Group LLC bought a new stake in GAP during the 3rd quarter worth approximately $1,308,000. Institutional investors own 54.32% of the company’s stock.

GPS has been the subject of a number of research reports. Jefferies Group set a $35.00 price objective on shares of GAP and gave the company a “buy” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised shares of GAP from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Friday, August 18th. Oppenheimer set a $28.00 price objective on shares of GAP and gave the company a “buy” rating in a research note on Thursday, August 17th. ValuEngine raised shares of GAP from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $33.00 price objective on shares of GAP in a research note on Tuesday, September 26th. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.94.

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About GAP

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 (NYSE:GPS)

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