The Gap, Inc. (NYSE:GAP – Get Free Report) CFO Katrina O’connell sold 80,029 shares of GAP stock in a transaction on Friday, March 14th. The stock was sold at an average price of $20.35, for a total value of $1,628,590.15. Following the completion of the transaction, the chief financial officer now owns 8,290 shares in the company, valued at $168,701.50. The trade was a 90.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
GAP Trading Down 0.5 %
Shares of GAP opened at $20.03 on Tuesday. The Gap, Inc. has a 12-month low of $18.54 and a 12-month high of $26.41. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 0.94 and a beta of 2.38. The stock’s 50-day moving average price is $22.81 and its 200 day moving average price is $22.55.
GAP (NYSE:GAP – Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.18. GAP had a return on equity of 29.03% and a net margin of 5.40%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.07 billion. As a group, research analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current year.
GAP Increases Dividend
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on GAP. UBS Group decreased their target price on GAP from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Barclays lifted their price objective on GAP from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Bank of America lifted their price objective on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Morgan Stanley boosted their price target on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Argus raised GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.
Check Out Our Latest Report on GAP
GAP Company Profile
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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