GAP (NYSE:GAP) CEO Mark Breitbard Sells 16,030 Shares

The Gap, Inc. (NYSE:GAP) CEO Mark Breitbard sold 16,030 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $23.74, for a total transaction of $380,552.20. Following the completion of the transaction, the chief executive officer directly owned 131,703 shares of the company’s stock, valued at approximately $3,126,629.22. This trade represents a 10.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

GAP Stock Up 0.5%

GAP stock opened at $23.35 on Tuesday. The firm has a 50 day simple moving average of $26.98 and a 200 day simple moving average of $25.04. The company has a current ratio of 1.75, a quick ratio of 1.08 and a debt-to-equity ratio of 0.39. The Gap, Inc. has a 1-year low of $16.99 and a 1-year high of $29.36. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 1.34 and a beta of 2.29.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, March 5th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.24 billion. GAP had a return on equity of 22.98% and a net margin of 5.31%.GAP’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. On average, analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current year.

GAP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th will be paid a $0.175 dividend. The ex-dividend date is Wednesday, April 8th. This represents a $0.70 annualized dividend and a yield of 3.0%. This is an increase from GAP’s previous quarterly dividend of $0.17. GAP’s dividend payout ratio is 30.70%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. LSV Asset Management grew its holdings in shares of GAP by 101.0% during the second quarter. LSV Asset Management now owns 3,184,477 shares of the company’s stock worth $69,453,000 after purchasing an additional 1,600,041 shares in the last quarter. Ameriprise Financial Inc. raised its stake in GAP by 42.7% in the second quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company’s stock valued at $96,134,000 after purchasing an additional 1,318,322 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new stake in GAP in the fourth quarter valued at approximately $20,561,000. Jump Financial LLC lifted its position in GAP by 2,197.8% during the third quarter. Jump Financial LLC now owns 645,150 shares of the company’s stock valued at $13,800,000 after purchasing an additional 617,073 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in GAP by 13.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,195,934 shares of the company’s stock worth $81,816,000 after buying an additional 368,191 shares in the last quarter. Hedge funds and other institutional investors own 58.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GAP shares. Morgan Stanley upped their price target on GAP from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. UBS Group upgraded shares of GAP from a “neutral” rating to a “buy” rating and raised their price objective for the company from $26.00 to $41.00 in a research report on Wednesday, January 7th. Bank of America boosted their price objective on shares of GAP from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. Wall Street Zen cut shares of GAP from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings downgraded shares of GAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $30.46.

About GAP

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.