Key Points
- Director William Sydney Fisher sold 400,000 GAP shares on December 3 at an average of $27.02 for a total of $10,808,000, leaving him with 2,853,453 shares (a 12.29% reduction).
- GAP reported quarterly EPS of $0.62 versus $0.58 expected and revenue of $3.94 billion (up 3% YoY), and announced a quarterly dividend of $0.165 (annualized $0.66, yield 2.5%; ex-dividend date Jan 7).
- Analyst sentiment is mixed-to-positive with a consensus "Moderate Buy" and $27.57 target, while several firms have raised targets (JPMorgan to $36, Morgan Stanley to $31) and ratings split evenly between Buy and Hold.
The Gap, Inc. (NYSE:GAP - Get Free Report) Director William Sydney Fisher sold 400,000 shares of GAP stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $27.02, for a total transaction of $10,808,000.00. Following the transaction, the director owned 2,853,453 shares in the company, valued at $77,100,300.06. The trade was a 12.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
William Sydney Fisher also recently made the following trade(s):
- On Monday, September 15th, William Sydney Fisher sold 200,000 shares of GAP stock. The shares were sold at an average price of $23.86, for a total transaction of $4,772,000.00.
GAP Price Performance
Shares of NYSE GAP opened at $26.55 on Friday. The Gap, Inc. has a fifty-two week low of $16.99 and a fifty-two week high of $29.29. The company has a quick ratio of 0.97, a current ratio of 1.72 and a debt-to-equity ratio of 0.41. The firm has a market cap of $9.87 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 2.95 and a beta of 2.28. The business has a 50 day moving average price of $23.39 and a two-hundred day moving average price of $22.62.
GAP (NYSE:GAP - Get Free Report) last released its earnings results on Tuesday, November 25th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.04. GAP had a return on equity of 24.91% and a net margin of 5.57%.The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the business posted $0.72 EPS. GAP's quarterly revenue was up 3.0% compared to the same quarter last year. Sell-side analysts expect that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.
GAP Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 7th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, January 7th. GAP's payout ratio is presently 29.46%.
Wall Street Analyst Weigh In
GAP has been the topic of several analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of GAP in a research note on Monday. JPMorgan Chase & Co. raised their target price on GAP from $32.00 to $36.00 and gave the company an "overweight" rating in a research report on Friday, November 21st. Morgan Stanley lifted their target price on GAP from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Friday, November 21st. Citigroup raised their price target on GAP from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, November 24th. Finally, Zacks Research upgraded shares of GAP from a "strong sell" rating to a "hold" rating in a research note on Monday, October 20th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.57.
Get Our Latest Analysis on GAP
Institutional Investors Weigh In On GAP
Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its position in shares of GAP by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 71,867 shares of the company's stock worth $1,537,000 after acquiring an additional 447 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of GAP by 1.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 45,799 shares of the company's stock worth $980,000 after acquiring an additional 600 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of GAP during the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC acquired a new stake in GAP in the third quarter valued at approximately $35,000. Finally, California State Teachers Retirement System lifted its stake in shares of GAP by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 226,506 shares of the company's stock valued at $4,940,000 after purchasing an additional 1,703 shares during the last quarter. 58.81% of the stock is currently owned by institutional investors.
GAP Company Profile
(
Get Free Report)
Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.
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