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 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 transaction, the chief executive officer now directly owns 133,341 shares in the company, valued at approximately $2,610,816.78. The trade was a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 value of $328,003.65.

GAP Stock Performance

Shares of GAP opened at $19.35 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $22.72 and a two-hundred day simple moving average of $22.53. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.94 and a beta of 2.38. The Gap, Inc. has a 52 week low of $18.54 and a 52 week high of $26.41.

GAP (NYSE:GAP) last released its earnings results on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.07 billion. On average, analysts expect that The Gap, Inc. will post 2.02 EPS for the current year.

GAP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.66 annualized dividend and a dividend yield of 3.41%. This is a boost from GAP’s previous quarterly dividend of $0.15. GAP’s dividend payout ratio (DPR) is currently 29.86%.

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 shares of The Gap, Inc. (NYSE:GAP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter. 58.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GAP. BMO Capital Markets upped their price target on GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, November 22nd. Evercore ISI upped 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. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 price objective on shares of GAP in a research report on Friday, March 7th. Barclays upped their price objective on GAP from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company upped their price objective on GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.

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.