US LNG exports surge but will buyers in China turn up?
Sarah Gilligan, Chief Supply Chain and Transformation Officer at Gap Inc. (NYSE:GAP), recently sold 3,644 shares of the company’s common stock. The retailer, currently valued at $7.69 billion, maintains a GOOD financial health score according to InvestingPro analysis. The shares were sold at an average price of $19.4712, resulting in a total transaction value of $70,953. This sale was conducted under a Rule 10b5-1 trading plan, which Gilligan adopted on April 5, 2024. After the transaction, Gilligan no longer holds any shares directly. The shares were sold in multiple transactions, with prices ranging from $19.38 to $19.56. With the stock currently trading at $20.48 and analysts setting price targets between $24 and $34, Gap appears undervalued. Discover more insights and 7 additional key ProTips with InvestingPro’s comprehensive research report.
In other recent news, Gap Inc. reported a fourth-quarter earnings per share (EPS) of $0.54, exceeding analyst expectations, with revenues reaching $4.15 billion. The company’s performance saw comparable sales increases across several of its brands, including a 7% rise for Gap and a 3% increase for Old Navy. CFRA upgraded Gap’s stock rating to Strong Buy, raising the price target to $30, citing the company’s operational efficiency and strong brand execution. Evercore ISI also maintained an Outperform rating on Gap, despite adjusting its price target to $30, highlighting the retailer’s strategic initiatives and collaborations that are enhancing brand visibility.
Gap has updated its incentive plans for employees and directors, aligning them with long-term company goals to drive performance and shareholder value. BMO Capital Markets reaffirmed its Market Perform rating with a $25 price target, acknowledging Gap’s solid earnings and EBIT growth forecast for FY25. The company’s recent financial results showed improvements in gross margin and SG&A expenses, although the Athleta brand underperformed. Gap’s strategic focus on key revenue-generating categories and its efforts to rationalize its store fleet are noted as contributing factors to its positive outlook.
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