Horacio Barbeito Sells 75,385 Shares of The Gap, Inc. (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) CEO Horacio Barbeito sold 75,385 shares of GAP stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total value of $1,507,700.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

GAP Trading Up 3.3 %

Shares of GAP stock opened at $21.21 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.49 and a quick ratio of 0.84. The Gap, Inc. has a 52-week low of $9.71 and a 52-week high of $30.75. The stock has a market cap of $7.98 billion, a PE ratio of 9.79, a PEG ratio of 1.15 and a beta of 2.35.

GAP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Wednesday, October 9th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Wednesday, October 9th.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on GAP from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Telsey Advisory Group reduced their price target on GAP from $29.00 to $26.00 and set a “market perform” rating for the company in a report on Tuesday, September 3rd.

About GAP

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.