Insider Selling: The Gap, Inc. (NYSE:GAP) Major Shareholder Sells 250,000 Shares of Stock

The Gap, Inc. (NYSE:GAP) major shareholder John J. Fisher sold 250,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $24.18, for a total value of $6,045,000.00. Following the completion of the transaction, the insider now owns 1,000,752 shares in the company, valued at approximately $24,198,183.36. This represents a 19.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

GAP Trading Up 0.5 %

GAP stock opened at $24.29 on Monday. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The Gap, Inc. has a 1-year low of $18.34 and a 1-year high of $30.75. The company has a fifty day simple moving average of $22.67. The company has a market capitalization of $9.16 billion, a P/E ratio of 11.25, a P/E/G ratio of 1.13 and a beta of 2.37.

GAP (NYSE:GAP) last posted its quarterly earnings data on Thursday, November 21st. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.16. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. On average, equities research analysts forecast that The Gap, Inc. will post 2.02 EPS for the current year.

GAP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, January 8th. GAP’s dividend payout ratio is currently 27.78%.

Analysts Set New Price Targets

Several brokerages recently weighed in on GAP. Guggenheim restated a “buy” rating and issued a $35.00 price objective on shares of GAP in a report on Friday, November 22nd. BMO Capital Markets increased their price target on shares of GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, November 22nd. Wells Fargo & Company lifted their price objective on shares of GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Argus upgraded GAP to a “hold” rating in a report on Thursday, September 19th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $26.00 target price on shares of GAP in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, GAP currently has a consensus rating of “Hold” and a consensus price target of $28.50.

About GAP

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.