The President & CEO, GAP of Gap is Exercising Options

By Carrie Williams

Yesterday, the President & CEO, GAP of Gap, Jeff Kirwan, exercised options of Gap for $1.63M.

In addition to Jeff Kirwan, 3 other GPS executives reported Sell trades in the last month.

Based on Gap’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $4.78 billion and quarterly net profit of $205 million. In comparison, last year the company earned revenue of $4.43 billion and had a net profit of $220 million. The company has a one-year high of $35.68 and a one-year low of $21.02. GPS’s market cap is $12.54B and the company has a P/E ratio of 15.27.

14 different firms, including Atlantic Equities and Barclays, currently also have a Sell rating on the stock. Based on 13 analyst ratings, the analyst consensus is Hold with an average price target of $36.91, reflecting a -11.5% downside.

In the last 30 days, insiders have sold $22.42M worth of GPS shares and purchased $168.7K worth of GPS shares. The insider sentiment on Gap has been negative according to 56 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Jeff Kirwan’s trades have generated a -4.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Gap, Inc. operates as a global apparel retail company. It offers apparel, accessories, and personal care products for men, women and children. The company operates through segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Intermix.