Insider Selling: The Gap, Inc. (NYSE:GAP) CEO Sells 40,764 Shares of Stock

The Gap, Inc. (NYSE:GAP) CEO Horacio Barbeito sold 40,764 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $20.07, for a total value of $818,133.48. Following the sale, the chief executive officer now owns 308 shares in the company, valued at approximately $6,181.56. This trade represents a 99.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

GAP Price Performance

Shares of NYSE GAP opened at $21.74 on Tuesday. The stock has a market cap of $8.15 billion, a P/E ratio of 10.06, a P/E/G ratio of 0.94 and a beta of 2.38. The Gap, Inc. has a twelve month low of $18.54 and a twelve month high of $26.41. The stock has a 50 day moving average of $22.48 and a two-hundred day moving average of $22.49. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47.

GAP (NYSE:GAP) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.36 by $0.18. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.07 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. On average, research analysts forecast that The Gap, Inc. will post 2.02 earnings per share for the current 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 paid a dividend of $0.165 per share. This is an increase from GAP’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.66 annualized dividend and a dividend yield of 3.04%. GAP’s dividend payout ratio is 29.86%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Telsey Advisory Group restated a “market perform” rating and set a $26.00 target price on shares of GAP in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their price objective on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Robert W. Baird dropped their target price on GAP from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Argus raised GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, January 21st. Finally, Barclays raised their target price on GAP from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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 bought a new stake in The Gap, Inc. (NYSE:GAP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 209,599 shares of the company’s stock, valued at approximately $4,953,000. California State Teachers Retirement System owned about 0.06% of GAP at the end of the most recent quarter. Hedge funds and other institutional investors own 58.81% of the company’s stock.

About GAP

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.