Mark Breitbard Sells 3,393 Shares of The Gap, Inc. (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) CEO Mark Breitbard sold 3,393 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $19.58, for a total transaction of $66,434.94. Following the sale, the chief executive officer now directly owns 133,341 shares in the company, valued at approximately $2,610,816.78. This trade represents a 2.48 % decrease in their ownership of the stock. 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 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 transaction of $328,003.65.

GAP Trading Up 4.5 %

Shares of NYSE:GAP opened at $20.19 on Thursday. The stock has a market capitalization of $7.61 billion, a PE ratio of 9.35, a P/E/G ratio of 0.94 and a beta of 2.38. The Gap, Inc. has a 1 year low of $18.54 and a 1 year high of $26.41. The firm has a fifty day moving average price of $22.65 and a 200 day moving average price of $22.52. 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 issued its quarterly earnings data on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.18. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.07 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. Analysts expect that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from GAP’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 3.27%. GAP’s dividend payout ratio is currently 29.86%.

Institutional Investors Weigh In On GAP

An institutional investor recently bought a new position 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 209,599 shares of the company’s stock, valued at approximately $4,953,000. California State Teachers Retirement System owned 0.06% of GAP at the end of the most recent reporting period. 58.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GAP. Morgan Stanley boosted their target price on shares of GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Evercore ISI boosted their price target on shares of GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Argus upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, January 21st. BMO Capital Markets boosted their price target on shares of GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company boosted their price target on shares of GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. 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, the stock has a consensus rating of “Moderate Buy” and an average price target 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.