William Sydney Fisher Sells 123,950 Shares of The Gap, Inc. (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) Director William Sydney Fisher sold 123,950 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $26.24, for a total transaction of $3,252,448.00. Following the transaction, the director now owns 3,696,517 shares in the company, valued at $96,996,606.08. This represents a 3.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

William Sydney Fisher also recently made the following trade(s):

• On Friday, December 6th, William Sydney Fisher sold 243,868 shares of GAP stock. The stock was sold at an average price of $26.02, for a total value of $6,345,445.36.

GAP Price Performance

Shares of NYSE GAP traded down $0.12 during midday trading on Wednesday, reaching $25.22. 5,405,327 shares of the stock traded hands, compared to its average volume of 7,153,053. The stock has a 50 day moving average of $22.46. The Gap, Inc. has a one year low of $18.34 and a one year high of $30.75. 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 company has a market capitalization of $9.51 billion, a PE ratio of 11.73, a PEG ratio of 1.16 and a beta of 2.37.

GAP (NYSE:GAP) last issued 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. GAP had a net margin of 5.40% and a return on equity of 29.03%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. As a group, equities 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. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a yield of 2.38%. GAP’s dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analyst Weigh In

GAP has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised shares of GAP from a “neutral” rating to an “overweight” rating and raised their target price for the company from $28.00 to $30.00 in a research note on Monday, December 2nd. Bank of America raised their target price on shares of GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Argus raised GAP to a “hold” rating in a research report on Thursday, September 19th. Morgan Stanley lifted their target price on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, Barclays upped their price target on shares of GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $28.50.

GAP Company Profile

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.