Robert Fisher Sells 500,000 Shares of GAP (NYSE:GAP) Stock

Key Points

• Robert Fisher, a director at The Gap, Inc., sold 500,000 shares of the company's stock for a total of $11.45 million, reducing his ownership by 15.02% to approximately 2.83 million shares.
• The company declared a quarterly dividend of $0.165 per share, to be paid on October 29th, which reflects an annual yield of 3.0%.
• GAP's stock experienced a slight decline of 0.9%, closing at $21.98, amidst mixed ratings and forecasts from various Wall Street analysts.

The Gap, Inc. (NYSE:GAP - Get Free Report) Director Robert Fisher sold 500,000 shares of the firm's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $22.90, for a total value of $11,450,000.00. Following the completion of the sale, the director directly owned 2,829,502 shares of the company's stock, valued at $64,795,595.80. The trade was a 15.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

GAP Stock Down 0.9%

Shares of GAP stock traded down $0.21 during trading on Friday, reaching $21.98. The company's stock had a trading volume of 8,689,657 shares, compared to its average volume of 9,266,820. 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 has a market cap of $8.15 billion, a price-to-earnings ratio of 9.39, a P/E/G ratio of 2.61 and a beta of 2.09. The Gap, Inc. has a 1-year low of $16.99 and a 1-year high of $29.29. The company has a 50-day simple moving average of $21.54 and a two-hundred day simple moving average of $21.84.

GAP (NYSE:GAP - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. GAP had a return on equity of 27.04% and a net margin of 5.86%.The firm had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter last year, the firm earned $0.54 EPS. The business's quarterly revenue was up .1% on a year-over-year basis. GAP has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that The Gap, Inc. will post 2.02 earnings per share for the current year.

GAP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 8th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $0.66 dividend on an annualized basis and a yield of 3.0%. GAP's payout ratio is currently 28.21%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wall Street Zen cut GAP from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. UBS Group decreased their price objective on GAP from $27.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. JPMorgan Chase & Co. boosted their price objective on GAP from $29.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Evercore ISI boosted their price objective on GAP from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Finally, Zacks Research lowered shares of GAP from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 27th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, GAP has an average rating of "Hold" and a consensus price target of $25.47.

Institutional Trading of GAP

Institutional investors have recently bought and sold shares of the business. Hexagon Capital Partners LLC purchased a new stake in GAP during the 1st quarter worth approximately $30,000. First Horizon Advisors Inc. purchased a new stake in GAP during the 1st quarter worth approximately $75,000. Brooklyn Investment Group purchased a new stake in GAP during the 1st quarter worth approximately $80,000. Deseret Mutual Benefit Administrators purchased a new stake in GAP during the 1st quarter worth approximately $81,000. Finally, Covestor Ltd acquired a new position in shares of GAP during the 1st quarter worth approximately $82,000. 58.81% of the stock is owned by institutional investors and hedge funds.

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.

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