Key Points
- John Fisher sold 3,971 GAP shares at an average price of $27.04 for a total of $107,375.84, reducing his stake by 0.53% to 746,781 shares (≈$20.19M).
- GAP beat estimates for the quarter with $0.62 EPS vs. $0.58 expected and $3.94B in revenue, and announced a quarterly dividend of $0.165 per share (annualized $0.66, ~2.5% yield; ex-dividend Jan 7).
- The stock trades near $26.84 with a 52‑week range of $16.99–$29.29 and a market cap of about $9.98B; analysts have an average rating of "Hold" and a consensus price target of $27.57.
The Gap, Inc. (NYSE:GAP - Get Free Report) major shareholder John Fisher sold 3,971 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $27.04, for a total value of $107,375.84. Following the sale, the insider directly owned 746,781 shares in the company, valued at approximately $20,192,958.24. This trade represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
GAP Stock Up 1.9%
GAP stock opened at $26.84 on Tuesday. The Gap, Inc. has a 52 week low of $16.99 and a 52 week high of $29.29. The business has a 50-day simple moving average of $23.97 and a 200 day simple moving average of $22.46. 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 company has a market cap of $9.98 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 2.93 and a beta of 2.28.
GAP (NYSE:GAP - Get Free Report) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.04. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. GAP had a net margin of 5.57% and a return on equity of 24.91%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. Sell-side analysts anticipate that The Gap, Inc. will post 2.02 EPS for the current fiscal year.
GAP Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 7th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, January 7th. GAP's dividend payout ratio (DPR) is currently 29.46%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new stake in shares of GAP in the 1st quarter valued at about $3,532,000. Brooklyn Investment Group bought a new stake in GAP in the first quarter valued at approximately $80,000. Quantbot Technologies LP acquired a new stake in GAP during the 1st quarter valued at approximately $1,473,000. Ameriprise Financial Inc. bought a new position in GAP during the 1st quarter worth approximately $63,674,000. Finally, Dodge & Cox acquired a new position in shares of GAP in the 1st quarter worth approximately $592,222,000. 58.81% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on GAP. Robert W. Baird upped their price objective on GAP from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Friday, November 21st. UBS Group increased their target price on shares of GAP from $25.00 to $26.00 and gave the stock a "neutral" rating in a report on Friday, November 21st. JPMorgan Chase & Co. raised their price target on shares of GAP from $32.00 to $36.00 and gave the company an "overweight" rating in a research note on Friday, November 21st. BTIG Research increased their price objective on shares of GAP from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Friday, November 21st. Finally, Zacks Research raised 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 nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $27.57.
Check Out Our Latest Stock Analysis on GAP
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
