The Gap, Inc. (NYSE:GAP) CEO Mark Breitbard Sells 16,055 Shares

The Gap, Inc. (NYSE:GAP) CEO Mark Breitbard sold 16,055 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 123,985 shares in the company, valued at $2,533,013.55. The trade was a 11.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

GAP Price Performance

Shares of GAP traded down $0.11 during midday trading on Monday, reaching $20.03. The stock had a trading volume of 11,922,629 shares, compared to its average volume of 6,006,743. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38. The company has a current ratio of 1.54, a quick ratio of 0.84 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 company’s 50-day moving average is $22.81 and its 200 day moving average is $22.55.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.36 by $0.18. The firm 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 analysts predict that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from GAP’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 3.30%. GAP’s payout ratio is currently 29.86%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GAP. Bank of America upped their price target on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Morgan Stanley increased their target price on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. UBS Group reduced their price target on shares of GAP from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Guggenheim reiterated a “buy” rating and issued a $35.00 price objective on shares of GAP in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. boosted their target price on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, GAP presently has a consensus rating of “Moderate Buy” and an average target price 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.