The Gap, Inc. (NYSE:GAP – Get Free Report) Director William Sydney Fisher sold 433,656 shares of GAP stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $23.35, for a total value of $10,125,867.60. Following the sale, the director directly owned 15,903,198 shares in the company, valued at $371,339,673.30. This trade represents a 2.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
William Sydney Fisher also recently made the following trade(s):
- On Tuesday, October 6th, William Sydney Fisher sold 500,000 shares of GAP stock. The stock was sold at an average price of $23.89, for a total value of $11,945,000.00.
- On Wednesday, September 30th, William Sydney Fisher sold 66,344 shares of GAP stock. The shares were sold at an average price of $23.06, for a total transaction of $1,529,892.64.
GAP Price Performance
Shares of GAP stock traded down $0.14 on Wednesday, hitting $23.65. 5,470,564 shares of the company traded hands, compared to its average volume of 7,741,014. The stock has a market capitalization of $8.31 billion, a P/E ratio of 7.06, a price-to-earnings-growth ratio of 0.97 and a beta of 2.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.82. The Gap, Inc. has a 52 week low of $18.11 and a 52 week high of $29.36. The business has a 50-day simple moving average of $21.30 and a 200 day simple moving average of $22.02.
GAP Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be issued a dividend of $0.1750 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, October 7th. GAP’s dividend payout ratio is 20.90%.
Hedge Funds Weigh In On GAP
A number of large investors have recently made changes to their positions in GAP. BlackRock Inc. purchased a new stake in GAP during the second quarter valued at approximately $428,824,000. Bank of America Corp DE purchased a new stake in shares of GAP during the 2nd quarter valued at $30,345,000. Miller Howard Investments Inc. NY boosted its position in shares of GAP by 112.2% in the 1st quarter. Miller Howard Investments Inc. NY now owns 1,704,021 shares of the company’s stock worth $41,237,000 after purchasing an additional 900,855 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of GAP in the 2nd quarter worth $12,794,000. Finally, Empowered Funds LLC acquired a new position in GAP during the 2nd quarter valued at about $12,180,000. 58.81% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
GAP has been the topic of several research reports. Weiss Ratings cut GAP from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. The Goldman Sachs Group raised their price target on GAP from $25.00 to $27.00 and gave the company a “buy” rating in a report on Monday, August 31st. Wells Fargo & Company lifted their price objective on GAP from $22.00 to $23.00 and gave the stock a “cautious” rating in a research note on Friday, August 28th. Morgan Stanley upped their price objective on GAP from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, August 28th. Finally, Barclays increased their target price on GAP from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.07.
View Our Latest Stock Report on GAP
GAP Company Profile
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. The Old Navy Global segment offers clothing and accessories for adults and children.
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