GAP (NYSE:GAP) Director Elisabeth Donohue Sells 3,000 Shares

The Gap, Inc. (NYSE:GAP) Director Elisabeth Donohue sold 3,000 shares of GAP stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $27.11, for a total transaction of $81,330.00. Following the transaction, the director owned 1,000 shares in the company, valued at $27,110. This represents a 75.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

GAP Stock Performance

GAP stock traded up $0.98 during trading on Thursday, reaching $27.58. The company had a trading volume of 10,527,463 shares, compared to its average volume of 9,261,804. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 2.70 and a beta of 2.17. The company has a current ratio of 1.68, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $22.77 and its 200 day simple moving average is $22.56. The Gap, Inc. has a 52 week low of $16.99 and a 52 week high of $29.29.

GAP (NYSE:GAP) last issued its quarterly earnings results on Thursday, November 20th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. GAP had a return on equity of 27.04% and a net margin of 5.86%.The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. GAP has set its FY 2025 guidance at EPS. Sell-side analysts forecast that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 7th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, January 7th. This represents a $0.66 annualized dividend and a yield of 2.4%. GAP’s payout ratio is currently 29.46%.

Wall Street Analysts Forecast Growth

GAP has been the topic of a number of recent analyst reports. BTIG Research raised their price target on GAP from $30.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 21st. Wall Street Zen downgraded shares of GAP from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Citigroup boosted their target price on shares of GAP from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday. Robert W. Baird increased their price target on shares of GAP from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Finally, Wells Fargo & Company raised their price target on GAP from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Friday, November 21st. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.57.

Institutional Trading of GAP

Several large investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in GAP during the third quarter valued at $27,000. Cornerstone Planning Group LLC purchased a new position in GAP during the third quarter valued at $35,000. Brooklyn Investment Group purchased a new stake in shares of GAP during the first quarter worth $80,000. Covestor Ltd purchased a new position in GAP in the 1st quarter worth approximately $82,000. Finally, Plato Investment Management Ltd purchased a new position in GAP during the first quarter worth approximately $121,000. Hedge funds and other institutional investors own 58.81% of the company’s stock.

About GAP

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.