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 stock in a transaction on 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 sale, the director now directly owns 3,696,517 shares of the company’s stock, valued at $96,996,606.08. This represents a 3.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Stock Performance

NYSE GAP opened at $24.18 on Friday. The business’s 50-day moving average is $22.54. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The firm has a market cap of $9.12 billion, a PE ratio of 11.19, a PEG ratio of 1.16 and a beta of 2.37. The Gap, Inc. has a 52-week low of $18.34 and a 52-week high of $30.75.

GAP (NYSE:GAP) last posted its earnings results on Thursday, November 21st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.16. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. GAP’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS. As a group, analysts predict that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Dividend Announcement

The firm also recently disclosed 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 is Wednesday, January 8th. GAP’s dividend payout ratio (DPR) is 27.78%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Bank of America raised their target price on shares of GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised shares of GAP from a “neutral” rating to an “overweight” rating and raised their target price for the company from $28.00 to $30.00 in a research report on Monday, December 2nd. BMO Capital Markets raised their target price on shares of GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, November 22nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $26.00 price target on shares of GAP in a research note on Monday, November 18th. Finally, Barclays increased their price target on shares of GAP from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.