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 company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $19.58, for a total transaction of $66,434.94. Following the transaction, the chief executive officer now owns 133,341 shares in the company, valued at approximately $2,610,816.78. This trade represents a 2.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $20.43, for a total transaction of $328,003.65.

GAP Trading Up 1.4 %

Shares of NYSE:GAP opened at $20.50 on Friday. The Gap, Inc. has a 1 year low of $18.54 and a 1 year high of $26.41. The firm 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. The business’s 50 day moving average price is $22.59 and its 200-day moving average price is $22.50.

GAP (NYSE:GAP) last announced its earnings results on Thursday, March 6th. The company reported $0.54 earnings per share (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 firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.07 billion. On average, equities research analysts forecast that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.165 per share. This is a positive change 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 dividend yield of 3.22%. GAP’s dividend payout ratio (DPR) is 29.86%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Argus upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, January 21st. Robert W. Baird cut their price target on shares of GAP from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Guggenheim reiterated a “buy” rating and issued a $35.00 price target on shares of GAP in a report on Friday, November 22nd. Barclays increased their price target on shares of GAP from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, Bank of America increased their price target on shares of GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, GAP presently has an average rating of “Moderate Buy” and a consensus price target of $29.25.

Institutional Inflows and Outflows

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) during the fourth quarter, according to the company in its most recent 13F 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 approximately 0.06% of GAP as of its most recent filing with the Securities and Exchange Commission. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

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.