The Gap, Inc. (NYSE:GAP) Insider Sells $606,396.42 in Stock

The Gap, Inc. (NYSE:GAP) insider Sarah Gilligan sold 29,813 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $20.34, for a total value of $606,396.42. Following the completion of the sale, the insider now directly owns 2,634 shares in the company, valued at approximately $53,575.56. The trade was a 91.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

GAP Stock Down 0.5 %

Shares of NYSE:GAP traded down $0.11 during mid-day trading on Monday, hitting $20.03. 11,922,629 shares of the company traded hands, compared to its average volume of 6,006,743. The firm’s 50 day simple moving average is $22.81 and its 200 day simple moving average is $22.55. The firm has a market cap of $7.55 billion, a P/E ratio of 9.27, a PEG ratio of 0.94 and a beta of 2.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54. The Gap, Inc. has a 52-week low of $18.54 and a 52-week high of $26.41.

GAP (NYSE:GAP) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.18. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.07 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. On average, equities analysts anticipate that The Gap, Inc. will post 2.02 EPS for the current year.

GAP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.66 dividend on an annualized basis and a yield of 3.30%. This is a positive change from GAP’s previous quarterly dividend of $0.15. GAP’s payout ratio is currently 29.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GAP. Morgan Stanley boosted their target price on shares of GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Telsey Advisory Group reissued a “market perform” rating and set a $26.00 price objective on shares of GAP in a research note on Friday, March 7th. Wells Fargo & Company increased their target price on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI lifted their target price on GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Barclays upped their price target on GAP from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, GAP presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.25.

About GAP

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.