Gap Inc (GPS) Chief Legal & Compliance Officer Julie Gruber Sells 24,180 Shares
Julie Gruber, the Chief Legal & Compliance Officer of Gap Inc (NYSE:GPS), has sold 24,180 shares of the company on March 12, 2024, according to a recent SEC filing. The transaction was executed at an average price of $23 per share, resulting in a total value of $556,140.
Gap Inc, a global apparel retail company, offers clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. The company operates in various markets worldwide, providing a range of products aimed at different consumer segments.
Over the past year, Julie Gruber has sold a total of 79,223 shares of Gap Inc and has not made any purchases of the stock. The insider's recent sale contributes to a pattern observed over the last year, where Gap Inc has seen 0 insider buys and 16 insider sells.
On the date of the insider's recent sale, Gap Inc shares were trading at $23, giving the company a market capitalization of $8.499 billion. The price-earnings ratio of the company stood at 17.10, which is below the industry median of 18.35 but above the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 1.81, with a GF Value of $12.69, indicating that Gap Inc was significantly overvalued according to GuruFocus's valuation model. The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at Gap Inc.
The GF Value image provides a visual representation of Gap Inc's current valuation status in relation to its intrinsic value estimate.
For more detailed information on insider transactions and the company's financial performance, interested parties can refer to the SEC filing.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
