The Gap, Inc. (NYSE:GAP) CEO Sells $818,133.48 in Stock

The Gap, Inc. (NYSE:GAP) CEO Horacio Barbeito sold 40,764 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $20.07, for a total value of $818,133.48. Following the completion of the sale, the chief executive officer now owns 308 shares in the company, valued at $6,181.56. This trade represents a 99.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

GAP Price Performance

Shares of GAP opened at $21.40 on Thursday. 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 twelve month low of $18.54 and a twelve month high of $26.41. The stock has a market capitalization of $8.02 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.94 and a beta of 2.38. The company has a 50 day moving average of $22.42 and a 200-day moving average of $22.49.

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

GAP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost 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%.

Wall Street Analysts Forecast Growth

GAP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Argus raised GAP from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, January 21st. Telsey Advisory Group reissued a “market perform” rating and set a $26.00 price target on shares of GAP in a research note on Friday, March 7th. UBS Group dropped their price objective on GAP from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, March 10th. Finally, Barclays increased their target price on shares of GAP from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.

Institutional Trading of GAP

An institutional investor recently bought a new position in GAP stock. California State Teachers Retirement System acquired a new position in shares of The Gap, Inc. (NYSE:GAP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 209,599 shares of the company’s stock, valued at approximately $4,953,000. California State Teachers Retirement System owned about 0.06% of GAP as of its most recent SEC filing. 58.81% of the stock is currently owned by hedge funds and other 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.