Gap Inc (NYSE:GPS) EVP Julie Gruber sold 7,133 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $34.00, for a total value of $242,522.00. Following the transaction, the executive vice president now owns 24,583 shares of the company’s stock, valued at approximately $835,822. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Julie Gruber also recently made the following trade(s):

  • On Friday, November 17th, Julie Gruber sold 642 shares of GAP stock. The shares were sold at an average price of $30.00, for a total value of $19,260.00.

Shares of Gap Inc (GPS) traded up $0.08 during mid-day trading on Wednesday, hitting $33.40. The company had a trading volume of 3,980,604 shares, compared to its average volume of 5,999,040. Gap Inc has a 52-week low of $21.02 and a 52-week high of $34.30. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 0.77. The company has a market cap of $13,256.14, a price-to-earnings ratio of 16.79, a P/E/G ratio of 2.03 and a beta of 0.95.

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 Zacks’ 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 firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company earned $0.60 EPS. GAP’s quarterly revenue was up 1.1% compared to the same quarter last year. equities research analysts anticipate that Gap Inc will post 2.1 earnings per share for the current fiscal 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 dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Tuesday, January 2nd. GAP’s dividend payout ratio is currently 42.40%.

Several research firms have weighed in on GPS. Royal Bank Of Canada restated a “hold” rating and set a $26.00 price target on shares of GAP in a report on Wednesday, August 9th. KeyCorp restated a “buy” rating and set a $33.00 price target on shares of GAP in a report on Tuesday, September 26th. ValuEngine upgraded GAP from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 30th. BMO Capital Markets set a $23.00 target price on GAP and gave the stock a “hold” rating in a report on Tuesday, August 8th. Finally, Oppenheimer set a $28.00 target price on GAP and gave the stock a “buy” rating in a report on Thursday, August 17th. Four equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $27.94.

Hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC lifted its stake in shares of GAP by 339.7% during the 2nd quarter. Janus Henderson Group PLC now owns 141,919 shares of the apparel retailer’s stock worth $3,121,000 after acquiring an additional 109,643 shares during the last quarter. Alpha Windward LLC raised its position in GAP by 1,046.5% during the 3rd quarter. Alpha Windward LLC now owns 22,415 shares of the apparel retailer’s stock valued at $662,000 after purchasing an additional 20,460 shares in the last quarter. Bank of New York Mellon Corp raised its position in GAP by 10.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,710,283 shares of the apparel retailer’s stock valued at $316,275,000 after purchasing an additional 1,030,160 shares in the last quarter. Empirical Finance LLC raised its position in GAP by 82.4% during the 2nd quarter. Empirical Finance LLC now owns 71,149 shares of the apparel retailer’s stock valued at $1,565,000 after purchasing an additional 32,145 shares in the last quarter. Finally, Bridgewater Associates LP raised its position in GAP by 98.4% during the 2nd quarter. Bridgewater Associates LP now owns 551,572 shares of the apparel retailer’s stock valued at $12,129,000 after purchasing an additional 273,572 shares in the last quarter. 54.78% of the stock is owned by hedge funds and other institutional investors.

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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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