Mark Breitbard Sells 8,486 Shares of GAP (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) CEO Mark Breitbard sold 8,486 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $23.73, for a total value of $201,372.78. Following the transaction, the chief executive officer owned 135,884 shares in the company, valued at $3,224,527.32. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, March 17th, Mark Breitbard sold 119,155 shares of GAP stock. The shares were sold at an average price of $23.80, for a total value of $2,835,889.00.
• On Monday, March 16th, Mark Breitbard sold 16,030 shares of GAP stock. The stock was sold at an average price of $23.74, for a total value of $380,552.20.

GAP Stock Performance

Shares of GAP stock opened at $23.90 on Friday. The Gap, Inc. has a 12 month low of $16.99 and a 12 month high of $29.36. The firm has a market capitalization of $8.90 billion, a P/E ratio of 11.11, a P/E/G ratio of 1.39 and a beta of 2.29. The company has a current ratio of 1.75, a quick ratio of 1.08 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $26.69 and a two-hundred day simple moving average of $25.06.

GAP (NYSE:GAP) last released its earnings results on Thursday, March 5th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.24 billion. GAP had a return on equity of 22.98% and a net margin of 5.31%.The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 earnings per share. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. On average, equities analysts forecast that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 8th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Wednesday, April 8th. This is an increase from GAP’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a yield of 2.9%. GAP’s payout ratio is presently 30.70%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GAP shares. Bank of America boosted their price target on GAP from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. Evercore raised their price target on GAP from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, November 21st. JPMorgan Chase & Co. lifted their price target on GAP from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday. Weiss Ratings cut shares of GAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 12th. Finally, Telsey Advisory Group increased their price objective on shares of GAP from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amundi purchased a new stake in GAP in the first quarter worth approximately $259,000. Geode Capital Management LLC raised its stake in GAP by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,166,545 shares of the company’s stock valued at $91,399,000 after buying an additional 151,297 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of GAP by 18.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 87,700 shares of the company’s stock valued at $1,913,000 after buying an additional 13,723 shares during the period. Rhumbline Advisers lifted its holdings in shares of GAP by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 607,470 shares of the company’s stock valued at $13,249,000 after buying an additional 15,053 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of GAP by 16.6% in the 2nd quarter. New York State Common Retirement Fund now owns 132,940 shares of the company’s stock worth $2,899,000 after buying an additional 18,887 shares during the last quarter. Institutional investors own 58.81% of the company’s stock.

GAP Company Profile

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.