Gap Inc (GPS) VP Sells $15,758.16 in Stock

Gap Inc (NYSE:GPS) VP Dara Bazzano sold 508 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $31.02, for a total transaction of $15,758.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dara Bazzano also recently made the following trade(s):

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  • On Monday, March 19th, Dara Bazzano sold 6,860 shares of GAP stock. The stock was sold at an average price of $32.32, for a total transaction of $221,715.20.
  • On Monday, March 5th, Dara Bazzano sold 4,066 shares of GAP stock. The stock was sold at an average price of $34.00, for a total transaction of $138,244.00.

NYSE:GPS opened at $30.84 on Friday. Gap Inc has a twelve month low of $21.02 and a twelve month high of $35.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.86 and a quick ratio of 1.04. The firm has a market capitalization of $11,996.76, a PE ratio of 14.48, a P/E/G ratio of 1.47 and a beta of 0.84.

GAP (NYSE:GPS) last posted its quarterly earnings results on Thursday, March 1st. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. GAP had a net margin of 5.35% and a return on equity of 28.13%. The business had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter last year, the firm posted $0.51 EPS. GAP’s revenue was up 7.9% compared to the same quarter last year. analysts forecast that Gap Inc will post 2.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 2nd. Investors of record on Wednesday, April 11th will be given a $0.2425 dividend. The ex-dividend date of this dividend is Tuesday, April 10th. This represents a $0.97 annualized dividend and a yield of 3.15%. This is an increase from GAP’s previous quarterly dividend of $0.23. GAP’s dividend payout ratio (DPR) is presently 43.19%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. American International Group Inc. grew its position in GAP by 6.9% in the 4th quarter. American International Group Inc. now owns 17,739,940 shares of the apparel retailer’s stock valued at $604,222,000 after purchasing an additional 1,142,639 shares during the period. BlackRock Inc. grew its position in GAP by 5.0% in the 4th quarter. BlackRock Inc. now owns 17,130,343 shares of the apparel retailer’s stock valued at $583,458,000 after purchasing an additional 810,280 shares during the period. APG Asset Management N.V. grew its position in GAP by 15.7% in the 4th quarter. APG Asset Management N.V. now owns 5,381,508 shares of the apparel retailer’s stock valued at $152,643,000 after purchasing an additional 729,000 shares during the period. TIAA CREF Investment Management LLC grew its position in GAP by 32.5% in the 4th quarter. TIAA CREF Investment Management LLC now owns 5,231,621 shares of the apparel retailer’s stock valued at $178,189,000 after purchasing an additional 1,283,314 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in GAP by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,159,104 shares of the apparel retailer’s stock valued at $93,288,000 after purchasing an additional 155,002 shares during the period. 58.30% of the stock is owned by institutional investors and hedge funds.

GPS has been the subject of several analyst reports. Oppenheimer restated a “market perform” rating and set a $33.00 price target on shares of GAP in a report on Thursday, December 14th. Canaccord Genuity restated a “buy” rating on shares of GAP in a report on Thursday, December 14th. Robert W. Baird set a $35.00 price target on shares of GAP and gave the stock a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Thursday, January 18th. Finally, Barclays raised their price target on shares of GAP from $34.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $31.99.

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GAP Company Profile

The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

Insider Buying and Selling by Quarter for GAP (NYSE:GPS)

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