The Gap, Inc. (NYSE:GAP) CEO Sells $328,003.65 in Stock

The Gap, Inc. (NYSE:GAP) CEO Mark Breitbard sold 16,055 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $20.43, for a total transaction of $328,003.65. Following the transaction, the chief executive officer now owns 123,985 shares in the company, valued at $2,533,013.55. This represents a 11.46 % decrease in their position. The transaction was disclosed in a document filed 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 stock was sold at an average price of $19.58, for a total transaction of $66,434.94.

GAP Trading Up 4.5 %

Shares of NYSE:GAP opened at $20.19 on Thursday. The firm has a fifty day moving average of $22.65 and a two-hundred day moving average of $22.52. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The Gap, Inc. has a 12-month low of $18.54 and a 12-month high of $26.41. The firm has a market capitalization of $7.61 billion, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38.

GAP (NYSE:GAP) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $4.07 billion. On average, equities analysts expect that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Increases Dividend

The company 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 represents a $0.66 dividend on an annualized basis and a yield of 3.27%. This is an increase from GAP’s previous quarterly dividend of $0.15. GAP’s dividend payout ratio is currently 29.86%.

Institutional Trading of 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) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 quarter. 58.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on GAP. Morgan Stanley increased their price objective on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. UBS Group reduced their target price on GAP from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, March 10th. Wells Fargo & Company lifted their price target on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Guggenheim reaffirmed a “buy” rating and set a $35.00 price objective on shares of GAP in a research note on Friday, November 22nd. Finally, Evercore ISI lifted their target price on shares of GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock 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.