Mark Breitbard Sells 16,055 Shares of The Gap, Inc. (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) CEO Mark Breitbard sold 16,055 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $20.43, for a total value of $328,003.65. Following the sale, the chief executive officer now directly owns 123,985 shares of the company’s stock, valued at approximately $2,533,013.55. This trade represents a 11.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

GAP Stock Down 0.5 %

Shares of NYSE:GAP traded down $0.11 during midday trading on Monday, reaching $20.03. The company’s stock had a trading volume of 11,922,629 shares, compared to its average volume of 6,006,743. The Gap, Inc. has a 12-month low of $18.54 and a 12-month high of $26.41. The firm has a market capitalization of $7.55 billion, a P/E ratio of 9.27, a PEG ratio of 0.94 and a beta of 2.38. The firm has a 50 day moving average of $22.81 and a 200-day moving average of $22.55. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47.

GAP (NYSE:GAP) last announced its earnings results on Thursday, March 6th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.18. GAP had a net margin of 5.40% and a return on equity of 29.03%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.07 billion. On average, research analysts anticipate that The Gap, Inc. will post 2.02 earnings per share for the current year.

GAP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.165 per share. This is a boost from GAP’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, April 9th. This represents a $0.66 dividend on an annualized basis and a yield of 3.30%. GAP’s payout ratio is presently 29.86%.

Wall Street Analyst Weigh In

A number of research firms recently commented on GAP. Guggenheim reiterated a “buy” rating and set a $35.00 price target on shares of GAP in a report on Friday, November 22nd. Argus raised shares of GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, January 21st. UBS Group cut their target price on GAP from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. JPMorgan Chase & Co. upped their price target on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company lifted their price objective on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, GAP presently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.