John J. Fisher Sells 850,000 Shares of Gap Inc (GPS) Stock

Gap Inc (NYSE:GPS) major shareholder John J. Fisher sold 850,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $32.32, for a total value of $27,472,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Gap Inc (GPS) traded down $0.33 during midday trading on Friday, reaching $31.98. The company’s stock had a trading volume of 6,227,163 shares, compared to its average volume of 5,989,820. Gap Inc has a one year low of $21.02 and a one year high of $32.83. The company has a current ratio of 1.73, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The company 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.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a yield of 2.88%. GAP’s dividend payout ratio (DPR) is currently 42.40%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ffcm LLC increased its stake in shares of GAP by 198.0% in the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock worth $121,000 after purchasing an additional 3,519 shares during the period. Howe & Rusling Inc. bought a new position in shares of GAP in the third quarter worth about $190,000. AE Wealth Management LLC bought a new position in shares of GAP in the third quarter worth about $223,000. Campbell & CO Investment Adviser LLC bought a new position in shares of GAP in the third quarter worth about $229,000. Finally, LMR Partners LLP bought a new position in shares of GAP in the third quarter worth about $231,000. Institutional investors own 54.32% of the company’s stock.

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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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