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Weekly CFO Sells: GPS, SCHL, LXP, FIO, RTK

March 26, 2012 | About:
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According to GuruFocus Insider Data, the largest CFO sells during the past week were: Gap Inc., Scholastic Corp., Rentech Inc., Lexington Property and Fusion-Io Inc.

Gap Inc. (GPS): Executive Vice President and CFO Sabrina Simmons Sold 135,369 Shares

Executive Vice President and CFO of Gap Inc. (GPS) Sabrina Simmons sold 135,369 shares on 03/19/2012 at an average price of $25.91. The Gap Inc. is a global specialty retailer which operates stores selling casual apparel, personal care and other accessories for men, women and children under the Gap, Banana Republic and Old Navy brands. Gap Inc. has a market cap of $12.4 billion; its shares were traded at around $26.46 with a P/E ratio of 16.2 and P/S ratio of 0.9. The dividend yield of Gap Inc. stocks is 1.8%. Gap Inc. had an annual average earnings growth of 7.4% over the past 10 years. GuruFocus rated Gap Inc. the business predictability rank of 3.5-star.

Gap Inc. has released its results for its fourth quarter of 2011. In this quarter, the company reported net income of $218 million ($0.44 per diluted share). This compares with income of $365 million ($0.60 per diluted share) in the same quarter last year. Fourth quarter net sales were $4.3 billion compared to $4.4 billion last year.

Executive Vice President and CFO Sabrina Simmons sold 135,369 shares of GPS stock on 03/19/2012 at the average price of $25.91. Sabrina Simmons owns at least 11,344 shares after this. The price of the stock has increased by 2.12% since. Executive Vice President Global HR and Corp. Affairs Gavin Eva Sage sold 268,982 shares of GPS stock on 03/20/2012 at the average price of $26.1. Other insiders sold shares of GPS stock as well.

Scholastic Corp. (SCHL): Executive Vice President, CAO and CFO Maureen O'Connell Sold 99,750 Shares

Executive Vice President, CAO and CFO Maureen O'Connell sold 99,750 shares of SCHL stock on 03/19/2012 at the average price of $35.87. Maureen O'Connell owns at least 59,074 shares after this. The price of the stock has increased by 4.57% since.

Scholastic Corp. creates and distributes innovative and quality educational materials for use in school - children's books, textbooks, magazines, technology and teacher materials and engaging and appropriate products for use at home - magazines, software, television programming, videos and toys. Scholastic Corp. has a market cap of $1.12 billion; its shares were traded at around $37.51 with a P/E ratio of 13.4 and P/S ratio of 0.6. The dividend yield of Scholastic Corp. stocks is 1.4%. Scholastic Corp. had an annual average earnings growth of 2.4% over the past 10 years.

Scholastic Corp. recently released its results for its third quarter of 2012. For this quarter ended Feb. 29, 2012, the company reported consolidated loss of $10.3 million ($0.33 per share), as compared to a loss of $3.2 million ($0.1 per share) prior year quarter.

Lexington Property (LXP): Executive Vice President, CFO and Treasurer Patrick Carroll Sold 65,261 Shares

Executive Vice President, CFO and Treasurer of Lexington Property (LXP) Patrick Carroll sold 65,261 shares on 03/14/2012 at an average price of $9.23. Lexington Property is a real estate investment trust engaged in the ownership, operation, management of a diverse portfolio of real properties. Lexington Property has a market cap of $1.42 billion; its shares were traded at around $8.81 with a P/E ratio of 9.4 and P/S ratio of 4.3. The dividend yield of Lexington Property stocks is 5.5%.

Lexington Property has released its results for the fourth quarter of 2011. In this quarter, the company generated FFO of $45.5 million ($0.25 per share). Revenue for the quarter was $82.9 million compared to $80.2 million in the prior year quarter.

CEO and President T. Wilson Eglin sold 15,000 shares of LXP stock on 03/13/2012 at the average price of $9. Executive Vice President, CFO and Treasurer Patrick Carroll sold 65,261 shares of LXP stock on 03/14/2012 at the average price of $9.23. Patrick Carroll owns at least 435,771 shares after this. The price of the stock has decreased by 4.55% since. Multiple other insiders have also sold shares of LXP stock in the past month.

Fusion-Io Inc. (FIO): CFO Dennis P. Wolf Sold 50,000 Shares

CFO of Fusion-Io Inc. (FIO) Dennis P. Wolf sold 50,000 shares on 03/16/2012 at an average price of $31.14. Fusion-io Inc. is engaged in the design, development and retail of storage memory platform that helps data decentralization. Fusion-io Inc. has a market cap of $2.78 billion; its shares were traded at around $30.15 with and P/S ratio of 14.1.

For its second quarter of 2012 ended Dec. 31, 2011 – Fusion-Io Inc. reported revenues of $84.1 million, up 169% from the $31.2 million reported in the same quarter last year. Net loss in this quarter was $5.7 million ($0.07 per diluted share), as compared to a loss of $2.5 million ($0.19 per share) prior year quarter. Gross margin in this period was 51% as compared to 58.7% in the same quarter last year.

CFO Dennis P. Wolf sold 50,000 shares of FIO stock on 03/16/2012 at the average price of $31.14. Dennis P. Wolf owns at least 1,470 shares after this. The price of the stock has decreased by 3.18% since. Executive Vice President Richard W. Boberg sold 9,000 shares of FIO stock on 03/20/2012 at the average price of $29.51.

Rentech Inc. (RTK): CFO Dan J. Cohrs Sold 80,000 Shares

CFO of Rentech Inc. (RTK) Dan J. Cohrs sold 80,000 shares on 03/23/2012 at an average price of $2.05. Rentech Inc. has developed and own a proprietary and patented gas-to-liquids process that converts carbon bearing gases, liquids and solids intovaluable liquid hydrocarbon products. Rentech Inc. has a market cap of $450.5 million; its shares were traded at around $2.1 with and P/S ratio of 2.5.

President and CEO D. Hunt Ramsbottom Jr. sold 15,000 shares of RTK stock on 03/19/2012 at the average price of $2. CFO Dan J. Cohrs sold 80,000 shares of RTK stock on 03/23/2012 at the average price of $2.05. Dan J. Cohrs owns at least 277,026 shares after this. The price of the stock has increased by 2.44% since.

For the complete list of stocks that Sold by their CFOs, go to: Insider Buys.
  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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