GAP (NYSE:GAP) Stock Price Down 4.1% – Time to Sell?

The Gap, Inc. (NYSE:GAP) shares dropped 4.1% on Wednesday . The company traded as low as $19.23 and last traded at $19.26. Approximately 950,088 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 4,828,750 shares. The stock had previously closed at $20.09.

Wall Street Analyst Weigh In

A number of research firms have commented on GAP. Evercore ISI boosted their price target on shares of GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Morgan Stanley increased their price objective on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Wells Fargo & Company boosted their target price on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. UBS Group upgraded shares of GAP from a “sell” rating to a “neutral” rating and increased their price target for the company from $16.00 to $26.00 in a research report on Friday, January 10th. Finally, Barclays lifted their price target on shares of GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.27.

GAP Stock Down 4.7 %

The stock has a market cap of $7.22 billion, a P/E ratio of 8.85, a PEG ratio of 0.94 and a beta of 2.36. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $23.35.

GAP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be given a $0.165 dividend. This is a positive change from GAP’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, April 9th. GAP’s dividend payout ratio (DPR) is currently 30.56%.

Insider Activity

In other GAP news, major shareholder John J. Fisher sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $24.18, for a total transaction of $6,045,000.00. Following the transaction, the insider now owns 1,000,752 shares in the company, valued at approximately $24,198,183.36. This represents a 19.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Sydney Fisher sold 123,950 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $26.24, for a total value of $3,252,448.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 617,818 shares of company stock valued at $15,642,893. Company insiders own 31.00% of the company’s stock.

About GAP

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.