The Gap, Inc. (NYSE:GAP) CEO Sells $66,434.94 in Stock

The Gap, Inc. (NYSE:GAP) CEO Mark Breitbard sold 3,393 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $19.58, for a total value of $66,434.94. Following the completion of the transaction, the chief executive officer now owns 133,341 shares in the company, valued at $2,610,816.78. The trade was a 2.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Mark Breitbard also recently made the following trade(s):

• On Friday, March 14th, Mark Breitbard sold 16,055 shares of GAP stock. The stock was sold at an average price of $20.43, for a total value of $328,003.65.

GAP Stock Performance

Shares of GAP stock opened at $20.50 on Friday. The business has a 50-day moving average of $22.59 and a 200 day moving average of $22.50. The Gap, Inc. has a 12 month low of $18.54 and a 12 month high of $26.41. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84.

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

GAP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 3.22%. This is a boost from GAP’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, April 9th. GAP’s dividend payout ratio (DPR) is 29.86%.

Analyst Ratings Changes

A number of analysts have issued reports on GAP shares. Wells Fargo & Company raised their target price on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. raised their target price on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. BMO Capital Markets raised their target price on GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, November 22nd. Guggenheim reaffirmed a “buy” rating and issued a $35.00 target price on shares of GAP in a research note on Friday, November 22nd. Finally, Robert W. Baird cut their target price on GAP from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.25.

Hedge Funds Weigh In On GAP

An institutional investor recently bought a new position in GAP stock. California State Teachers Retirement System acquired a new stake in The Gap, Inc. (NYSE:GAP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 209,599 shares of the company’s stock, valued at approximately $4,953,000. California State Teachers Retirement System owned 0.06% of GAP as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 58.81% of the company’s stock.

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.