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 the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $1,507,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

GAP Price Performance

GAP opened at $21.21 on Friday. The firm 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. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.49. The Gap, Inc. has a 12-month low of $9.71 and a 12-month high of $30.75.

GAP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.83%. The ex-dividend date is Wednesday, October 9th.

Analysts Set New Price Targets

Several research firms recently commented on GAP. JPMorgan Chase & Co. raised their price target on shares of GAP from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Telsey Advisory Group reduced their target price on shares of GAP from $29.00 to $26.00 and set a “market perform” rating on the stock in a research report on Tuesday, September 3rd.

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.