Gap Inc. (NYSE:GPS) EVP Paul Joseph Chapman sold 6,764 shares of Gap stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $24.99, for a total value of $169,032.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gap Inc. (NYSE:GPS) traded up 1.20% on Thursday, hitting $26.18. 5,877,780 shares of the company traded hands. The stock has a market cap of $10.45 billion, a PE ratio of 15.58 and a beta of 1.06. Gap Inc. has a 12 month low of $17.00 and a 12 month high of $30.74. The stock’s 50-day moving average is $26.80 and its 200 day moving average is $23.42.

Gap (NYSE:GPS) last posted its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. Gap had a net margin of 4.33% and a return on equity of 32.19%. The company earned $3.80 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the firm posted $0.63 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts expect that Gap Inc. will post $1.94 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Wednesday, January 4th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, December 30th. This represents a $0.92 annualized dividend and a dividend yield of 3.51%. Gap’s dividend payout ratio (DPR) is 55.09%.

Several institutional investors have recently bought and sold shares of GPS. Skandinaviska Enskilda Banken AB publ raised its position in Gap by 16,151.9% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 3,798,070 shares of the apparel retailer’s stock valued at $84,469,000 after buying an additional 3,774,700 shares during the period. Levin Capital Strategies L.P. acquired a new position in Gap during the second quarter valued at $53,595,000. Emerald Acquisition Ltd. acquired a new position in Gap during the second quarter valued at $36,750,000. Morgan Stanley raised its position in Gap by 459.2% in the third quarter. Morgan Stanley now owns 1,898,797 shares of the apparel retailer’s stock valued at $42,229,000 after buying an additional 1,559,268 shares during the period. Finally, Bank of Montreal Can acquired a new position in Gap during the second quarter valued at $29,343,000. Institutional investors own 58.77% of the company’s stock.

GPS has been the topic of several research reports. Citigroup Inc. cut Gap from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $27.00 to $25.00 in a report on Friday, November 18th. Vetr lowered Gap from a “strong-buy” rating to a “sell” rating and set a $25.20 price target for the company. in a research report on Monday, October 10th. Jefferies Group lifted their price target on Gap to $36.00 in a research report on Friday, November 18th. Zacks Investment Research upgraded Gap from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, November 8th. Finally, RBC Capital Markets set a $23.00 price target on Gap and gave the stock a “hold” rating in a research report on Tuesday, September 13th. Five investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.87.

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About Gap

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.

5 Day Chart for NYSE:GPS

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