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

The Gap, Inc. (NYSE:GAP) Director Elisabeth Donohue sold 3,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $27.11, for a total value of $81,330.00. Following the completion of the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $27,110. This trade represents a 75.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

GAP Stock Up 3.7%

Shares of GAP stock traded up $0.98 during mid-day trading on Wednesday, reaching $27.58. 10,527,463 shares of the company’s stock traded hands, compared to its average volume of 9,261,804. The company has a quick ratio of 0.96, a current ratio of 1.68 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $22.67 and its 200-day moving average price is $22.53. The company has a market cap of $10.23 billion, a P/E ratio of 11.79, a P/E/G ratio of 2.70 and a beta of 2.17. The Gap, Inc. has a 12 month low of $16.99 and a 12 month high of $29.29.

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

GAP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 7th will be issued a $0.165 dividend. 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 29.46%.

Analysts Set New Price Targets

A number of research firms have recently commented on GAP. Robert W. Baird raised their price target on shares of GAP from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Wall Street Zen lowered GAP from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Barclays downgraded GAP from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $24.00 to $19.00 in a report on Friday, August 22nd. Evercore ISI increased their price objective on GAP from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Finally, Zacks Research raised GAP from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.57.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec purchased a new position in GAP in the 1st quarter worth approximately $7,207,000. Ameriprise Financial Inc. bought a new stake in shares of GAP during the first quarter valued at approximately $63,674,000. Russell Investments Group Ltd. purchased a new position in shares of GAP in the first quarter worth $3,532,000. Atlas Capital Advisors Inc. bought a new position in shares of GAP during the first quarter worth $264,000. Finally, Strs Ohio purchased a new position in GAP during the first quarter valued at $856,000. Hedge funds and other institutional investors own 58.81% of the company’s stock.

GAP Company Profile

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.