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Sarah Gilligan, the Chief Supply Chain & Transformation Officer at Gap Inc (NYSE:GAP), recently executed several stock transactions involving the company’s common stock, according to a recent SEC filing. On March 17 and 18, Gilligan sold a total of 2,634 shares for a combined total of approximately $52,347. The sales were conducted at prices ranging from $19.5861 to $20.0001 per share.
Additionally, Gilligan acquired 7,403 shares through a stock option exercise on March 18, priced at $0 per share. Following these transactions, Gilligan’s direct ownership of Gap Inc’s common stock stands at 3,644 shares. The company maintains strong fundamentals with a P/E ratio of 8.7 and healthy liquidity, as indicated by its current ratio of 1.6.
These transactions were part of a pre-arranged trading plan under Rule 10b5-1, which was adopted on April 5, 2024. According to InvestingPro analysis, Gap currently appears undervalued, with additional insights available in the comprehensive Pro Research Report, which covers over 1,400 US stocks.
In other recent news, Gap Inc. reported a strong fourth-quarter performance, with earnings per share (EPS) of $0.54, surpassing consensus estimates by $0.17. The company achieved revenues of $4.15 billion, exceeding expectations by $79 million. CFRA analyst Zachary Warring upgraded Gap’s stock rating to Strong Buy, raising the 12-month price target to $30.00. Evercore ISI also maintained an Outperform rating, though they adjusted their price target from $33.00 to $30.00, citing Gap’s strategic initiatives and collaborations as positive factors. BMO Capital Markets held its Market Perform rating, noting Gap’s solid earnings and EBIT growth forecast for FY25. Gap’s management has updated its incentive plans for employees and directors, aiming to align their interests with the company’s long-term success. The retailer continues to focus on enhancing its brand appeal and financial health, with strategic efforts recognized by analysts as steps toward sustainable growth.
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