Insider Selling: The Gap, Inc. (NYSE:GAP) CEO Sells 3,393 Shares of 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 stock was sold at an average price of $19.58, for a total transaction of $66,434.94. Following the completion of the sale, the chief executive officer now owns 133,341 shares in the company, valued at approximately $2,610,816.78. The trade was a 2.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $20.43, for a total transaction of $328,003.65.

GAP Trading Down 3.8 %

NYSE:GAP traded down $0.76 during mid-day trading on Tuesday, hitting $19.35. 8,934,955 shares of the stock traded hands, compared to its average volume of 6,109,398. The stock has a market capitalization 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. The firm’s 50 day moving average is $22.72 and its two-hundred day moving average is $22.53. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47.

GAP (NYSE:GAP) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.36 by $0.18. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.07 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. On average, equities research analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current year.

GAP Increases Dividend

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

Analyst Ratings Changes

Several analysts have commented on GAP shares. Guggenheim reiterated a “buy” rating and issued a $35.00 price target on shares of GAP in a research note on Friday, November 22nd. Bank of America upped their target price on shares of GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Telsey Advisory Group restated a “market perform” rating and set a $26.00 target price on shares of GAP in a research report on Friday, March 7th. Argus upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Tuesday, January 21st. Finally, Morgan Stanley upped their target price on shares of GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.25.

Hedge Funds Weigh In On GAP

A hedge fund recently bought a new stake in GAP stock. California State Teachers Retirement System bought a new position in The Gap, Inc. (NYSE:GAP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period. 58.81% of the stock is owned by institutional investors.

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.