The Gap, Inc. (NYSE:GPS) CEO Sells $767,115.96 in Stock

The Gap, Inc. (NYSE:GPS) CEO Mark Breitbard sold 27,222 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $28.18, for a total value of $767,115.96. Following the completion of the transaction, the chief executive officer now owns 123,985 shares of the company’s stock, valued at $3,493,897.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mark Breitbard also recently made the following trade(s):

• On Monday, March 25th, Mark Breitbard sold 93,809 shares of GAP stock. The stock was sold at an average price of $28.14, for a total value of $2,639,785.26.

GAP Stock Down 1.6 %

Shares of GPS opened at $27.29 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.42. The Gap, Inc. has a one year low of $7.22 and a one year high of $28.59. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.71 and a beta of 2.24. The stock has a 50 day moving average price of $21.04 and a 200 day moving average price of $17.71.

GAP (NYSE:GPS) last issued its quarterly earnings results on Thursday, March 7th. The apparel retailer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.20 by $0.29. GAP had a return on equity of 22.56% and a net margin of 3.37%. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the previous year, the business earned ($0.75) earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities research analysts forecast that The Gap, Inc. will post 1.36 earnings per share for the current fiscal year.

GAP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, April 9th. GAP’s dividend payout ratio (DPR) is currently 44.78%.

Analyst Ratings Changes

A number of research analysts have issued reports on GPS shares. The Goldman Sachs Group boosted their price target on GAP from $18.00 to $24.00 and gave the company a “buy” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. raised GAP from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $16.00 to $20.00 in a report on Monday, February 26th. Cowen boosted their price target on GAP from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Telsey Advisory Group boosted their price target on GAP from $17.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, March 8th. Finally, Robert W. Baird boosted their price target on GAP to $23.00 and gave the company a “hold” rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, GAP currently has a consensus rating of “Hold” and a consensus price target of $18.89.

Hedge Funds Weigh In On GAP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its stake in GAP by 12.2% during the second quarter. Captrust Financial Advisors now owns 8,561 shares of the apparel retailer’s stock worth $71,000 after buying an additional 930 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in GAP by 1.8% during the third quarter. Public Employees Retirement System of Ohio now owns 114,213 shares of the apparel retailer’s stock worth $938,000 after buying an additional 2,005 shares during the last quarter. GAMMA Investing LLC acquired a new position in GAP during the fourth quarter worth $42,000. Hexagon Capital Partners LLC boosted its stake in GAP by 317.5% during the third quarter. Hexagon Capital Partners LLC now owns 2,793 shares of the apparel retailer’s stock worth $30,000 after buying an additional 2,124 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in GAP by 117.8% during the third quarter. Lazard Asset Management LLC now owns 4,613 shares of the apparel retailer’s stock worth $49,000 after buying an additional 2,495 shares during the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.

GAP Company Profile

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.