William Sydney Fisher Sells 123,950 Shares of The Gap, Inc. (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) Director William Sydney Fisher sold 123,950 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $26.24, for a total transaction of $3,252,448.00. Following the transaction, the director now owns 3,696,517 shares in the company, valued at approximately $96,996,606.08. The trade was a 3.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

William Sydney Fisher also recently made the following trade(s):

• On Friday, December 6th, William Sydney Fisher sold 243,868 shares of GAP stock. The shares were sold at an average price of $26.02, for a total transaction of $6,345,445.36.

GAP Price Performance

Shares of NYSE GAP opened at $24.18 on Friday. The firm has a 50 day simple moving average of $22.54. The Gap, Inc. has a fifty-two week low of $18.34 and a fifty-two week high of $30.75. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.16 and a beta of 2.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84.

GAP (NYSE:GAP) last announced its quarterly earnings data on Thursday, November 21st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.16. GAP had a net margin of 5.40% and a return on equity of 29.03%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the business posted $0.59 earnings per share. GAP’s revenue was up 1.6% compared to the same quarter last year. Sell-side analysts expect that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Wednesday, January 8th. GAP’s payout ratio is presently 27.78%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of GAP from $14.00 to $16.00 and gave the company a “sell” rating in a research note on Friday, November 22nd. Argus raised shares of GAP to a “hold” rating in a research note on Thursday, September 19th. Wells Fargo & Company upped their target price on shares of GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Guggenheim reaffirmed a “buy” rating and set a $35.00 price objective on shares of GAP in a research note on Friday, November 22nd. Finally, Morgan Stanley upped their price objective on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.50.

GAP Company Profile

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.