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

The Gap, Inc. (NYSE:GAP) CEO Mark Breitbard sold 16,055 shares of GAP stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $20.43, for a total value of $328,003.65. Following the transaction, the chief executive officer now directly owns 123,985 shares in the company, valued at approximately $2,533,013.55. This trade represents a 11.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 Down 3.8 %

GAP opened at $19.35 on Wednesday. The business has a 50 day moving average price of $22.72 and a 200 day moving average price of $22.53. The Gap, Inc. has a twelve month low of $18.54 and a twelve month high of $26.41. 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 firm has a market cap of $7.30 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38.

GAP (NYSE:GAP) last posted its earnings results on Thursday, March 6th. The company reported $0.54 earnings per share 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 analyst estimates of $4.07 billion. Research analysts forecast that The Gap, Inc. will post 2.02 EPS for the current year.

GAP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This is a positive change from GAP’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.41%. GAP’s payout ratio is 29.86%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GAP stock. California State Teachers Retirement System purchased a new position in shares of The Gap, Inc. (NYSE:GAP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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. 58.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GAP. Wells Fargo & Company lifted their price target on GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Guggenheim reiterated a “buy” rating and set a $35.00 price target on shares of GAP in a report on Friday, November 22nd. BMO Capital Markets lifted 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. UBS Group reduced their price target on GAP from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, March 10th. Finally, Bank of America lifted their price target on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.25.

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.