Gap, Inc. (The) (NYSE:GPS) EVP Paul Joseph Chapman sold 4,898 shares of Gap, Inc. (The) stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total transaction of $111,772.36. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Gap, Inc. (GPS) opened at 23.77 on Friday. The stock has a 50 day moving average price of $23.19 and a 200-day moving average price of $23.70. Gap, Inc. has a 52 week low of $21.02 and a 52 week high of $30.74. The company has a market capitalization of $9.32 billion, a PE ratio of 11.32 and a beta of 0.87.

Gap, Inc. (The) (NYSE:GPS) last released its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. Gap, Inc. (The)’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 EPS. Equities research analysts expect that Gap, Inc. will post $2.06 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio is currently 43.81%.

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Several hedge funds and other institutional investors have recently made changes to their positions in GPS. Dynamic Technology Lab Private Ltd purchased a new position in shares of Gap, Inc. (The) during the second quarter valued at about $1,142,000. Verition Fund Management LLC raised its position in shares of Gap, Inc. (The) by 21.9% in the second quarter. Verition Fund Management LLC now owns 23,570 shares of the apparel retailer’s stock valued at $518,000 after buying an additional 4,228 shares in the last quarter. Piedmont Investment Advisors LLC raised its position in shares of Gap, Inc. (The) by 3.6% in the second quarter. Piedmont Investment Advisors LLC now owns 123,135 shares of the apparel retailer’s stock valued at $2,708,000 after buying an additional 4,316 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Gap, Inc. (The) during the second quarter valued at about $1,376,000. Finally, Sciencast Management LP purchased a new position in shares of Gap, Inc. (The) during the second quarter valued at about $605,000. 57.30% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the stock. TheStreet downgraded shares of Gap, Inc. (The) from a “b-” rating to a “c” rating in a research note on Thursday, May 18th. Oppenheimer Holdings, Inc. upgraded shares of Gap, Inc. (The) from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $24.00 to $28.00 in a research note on Sunday, June 4th. Morgan Stanley restated an “underperform” rating and issued a $20.00 target price on shares of Gap, Inc. (The) in a research note on Monday, May 22nd. Jefferies Group LLC set a $34.00 target price on shares of Gap, Inc. (The) and gave the company a “buy” rating in a research note on Thursday, May 4th. Finally, ValuEngine downgraded shares of Gap, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $25.67.

Gap, Inc. (The) 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, Inc. (The) (NYSE:GPS)

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