Gap Inc (NYSE:GPS) major shareholder John J. Fisher sold 500,000 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $34.43, for a total value of $17,215,000.00. Following the completion of the transaction, the insider now directly owns 2,319,396 shares in the company, valued at approximately $79,856,804.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Gap Inc (NYSE:GPS) opened at $33.07 on Friday. 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 $12,860.00, a price-to-earnings ratio of 15.38, a PEG ratio of 1.59 and a beta of 0.88. Gap Inc has a 52-week low of $21.02 and a 52-week high of $35.68.
GAP (NYSE:GPS) last posted its quarterly earnings data on Thursday, March 1st. The apparel retailer reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. The firm had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.68 billion. GAP had a return on equity of 28.13% and a net margin of 5.35%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. research analysts expect that Gap Inc will post 2.62 earnings per share for the current fiscal year.
Several research analysts recently issued reports on the company. Oppenheimer increased their price objective on GAP from $30.00 to $33.00 in a research note on Friday. KeyCorp reissued an “overweight” rating on shares of GAP in a research note on Friday, November 17th. Canaccord Genuity reissued a “buy” rating on shares of GAP in a research note on Thursday, December 14th. Royal Bank of Canada set a $35.00 price objective on GAP and gave the stock a “hold” rating in a research note on Thursday, March 1st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $28.00 price objective (up previously from $24.00) on shares of GAP in a research note on Wednesday, February 21st. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $31.80.
Institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its stake in GAP by 19.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 60,077 shares of the apparel retailer’s stock worth $1,774,000 after acquiring an additional 9,732 shares during the last quarter. Victory Capital Management Inc. raised its stake in GAP by 23.9% in the 3rd quarter. Victory Capital Management Inc. now owns 188,940 shares of the apparel retailer’s stock worth $5,579,000 after acquiring an additional 36,448 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in GAP by 56.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 583,110 shares of the apparel retailer’s stock worth $17,219,000 after acquiring an additional 209,210 shares during the last quarter. Andra AP fonden raised its stake in GAP by 2.6% in the 3rd quarter. Andra AP fonden now owns 89,800 shares of the apparel retailer’s stock worth $2,652,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in GAP by 50.6% in the 3rd quarter. Principal Financial Group Inc. now owns 542,113 shares of the apparel retailer’s stock worth $16,008,000 after acquiring an additional 182,208 shares during the last quarter. 57.57% of the stock is owned by hedge funds and other institutional investors.
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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.
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