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

The Gap, Inc. (NYSE:GAP) CEO Mark Breitbard sold 16,055 shares of the business’s 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 owns 123,985 shares in the company, valued at approximately $2,533,013.55. This represents a 11.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, March 18th, Mark Breitbard sold 3,393 shares of GAP stock. The shares were sold at an average price of $19.58, for a total value of $66,434.94.

GAP Stock Performance

Shares of NYSE:GAP opened at $19.35 on Wednesday. The Gap, Inc. has a twelve month low of $18.54 and a twelve month high of $26.41. The firm has a market cap of $7.30 billion, a PE ratio of 8.96, 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 quick ratio of 0.84 and a current ratio of 1.54. The business has a fifty day moving average of $22.72 and a 200-day moving average of $22.53.

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 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 analyst estimates of $4.07 billion. On average, equities research analysts predict that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a $0.165 dividend. 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 annualized dividend and a yield of 3.41%. GAP’s dividend payout ratio (DPR) is currently 29.86%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Argus upgraded GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, January 21st. Evercore ISI boosted their price objective on GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Guggenheim restated a “buy” rating and set a $35.00 price objective on shares of GAP in a research report on Friday, November 22nd. Wells Fargo & Company upped their price target on GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $26.00 price target on shares of GAP in a research report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, GAP presently has a consensus rating of “Moderate Buy” and an average price target of $29.25.

Hedge Funds Weigh In On GAP

A hedge fund recently bought a new stake in GAP stock. California State Teachers Retirement System purchased a new stake in The Gap, Inc. (NYSE:GAP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 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 as of its most recent SEC filing. Institutional investors and hedge funds 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.