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 the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $20.43, for a total value of $328,003.65. Following the sale, the chief executive officer now directly owns 123,985 shares of the company’s stock, valued at $2,533,013.55. The trade was a 11.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

GAP Price Performance

NYSE:GAP opened at $20.19 on Thursday. 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 company has a 50-day moving average of $22.65 and a 200-day moving average of $22.52. The Gap, Inc. has a 52 week low of $18.54 and a 52 week high of $26.41. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 0.94 and a beta of 2.38.

GAP (NYSE:GAP) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.18. GAP had a net margin of 5.40% and a return on equity of 29.03%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.07 billion. As a group, equities research analysts anticipate that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.27%. This is a boost from GAP’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, April 9th. GAP’s dividend 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 bought a new position in shares of The Gap, Inc. (NYSE:GAP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 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 SEC filing. Institutional investors own 58.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on GAP shares. BMO Capital Markets boosted their target price on shares of GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. 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. Guggenheim reaffirmed a “buy” rating and issued a $35.00 target price on shares of GAP in a report on Friday, November 22nd. Robert W. Baird dropped their price target on GAP from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, UBS Group reduced their price objective on GAP from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Five investment 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.com, GAP presently has an average rating of “Moderate Buy” and an average target price 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.