The Gap, Inc. (NYSE:GAP) CEO Horacio Barbeito Sells 40,764 Shares

The Gap, Inc. (NYSE:GAP - Get Free Report) CEO Horacio Barbeito sold 40,764 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $20.07, for a total transaction of $818,133.48. Following the completion of the transaction, the chief executive officer now owns 308 shares in the company, valued at $6,181.56. This 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 available through this hyperlink.

GAP Stock Down 3.9 %

Shares of GAP traded down $0.84 during midday trading on Friday, hitting $20.40. The stock had a trading volume of 8,695,062 shares, compared to its average volume of 6,463,896. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38. The company has a 50 day simple moving average of $22.39 and a two-hundred day simple moving average of $22.48. The Gap, Inc. has a twelve month low of $18.54 and a twelve month high of $26.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84.

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

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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. This is a positive change from GAP's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, April 9th. GAP's payout ratio is presently 29.86%.

Wall Street Analyst Weigh In

Several research firms have weighed in on GAP. Robert W. Baird cut their target price on GAP from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Argus upgraded shares of GAP from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Tuesday, January 21st. UBS Group decreased their price objective on shares of GAP from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, March 10th. 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 report on Friday, March 7th. Finally, Barclays boosted their price target on shares of GAP from $32.00 to $33.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $29.25.

Institutional Trading of GAP

An institutional investor recently bought a new position in GAP stock. California State Teachers Retirement System purchased a new position in shares of The Gap, Inc. (NYSE:GAP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 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. Institutional investors and hedge funds own 58.81% of the company's stock.

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.