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

The Gap, Inc. (NYSE:GAP - Get Free Report) CEO Mark Breitbard sold 16,055 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $20.43, for a total value of $328,003.65. Following the transaction, the chief executive officer now owns 123,985 shares of the company's stock, valued at approximately $2,533,013.55. This trade represents a 11.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 value of $66,434.94.

GAP Stock Performance

Shares of GAP stock traded down $0.54 on Friday, reaching $19.95. The stock had a trading volume of 23,312,727 shares, compared to its average volume of 6,266,759. 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 $7.52 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 0.94 and a beta of 2.38. The firm's 50-day moving average is $22.59 and its two-hundred day moving average is $22.50. 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 - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.07 billion. On average, research analysts expect that The Gap, Inc. will post 2.02 EPS for the current fiscal 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 issued a dividend of $0.165 per share. This is an increase from GAP's previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, April 9th. This represents a $0.66 annualized dividend and a yield of 3.31%. GAP's dividend payout ratio (DPR) is currently 29.86%.

Hedge Funds Weigh In On GAP

An institutional investor recently bought a new position in GAP stock. California State Teachers Retirement System bought a new position in shares of The Gap, Inc. (NYSE:GAP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 209,599 shares of the company's stock, valued at approximately $4,953,000. California State Teachers Retirement System owned 0.06% of GAP as of its most recent filing with the SEC. Institutional investors and hedge funds own 58.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on GAP shares. Barclays boosted their target price on GAP from $32.00 to $33.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Telsey Advisory Group reissued a "market perform" rating and issued a $26.00 price objective on shares of GAP in a research report on Friday, March 7th. Evercore ISI raised their target price on shares of GAP from $32.00 to $33.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Bank of America lifted their price target on shares of GAP from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Finally, BMO Capital Markets increased their price objective on shares of GAP from $23.00 to $25.00 and gave the stock a "market perform" rating in a research note 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 company's stock. Based on data from MarketBeat, GAP presently has an average 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.