GAP (NYSE:GAP) CEO Mark Breitbard Sells 119,155 Shares

The Gap, Inc. (NYSE:GAP) CEO Mark Breitbard sold 119,155 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $23.80, for a total value of $2,835,889.00. Following the completion of the transaction, the chief executive officer directly owned 135,884 shares of the company’s stock, valued at $3,234,039.20. This trade represents a 46.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, March 16th, Mark Breitbard sold 16,030 shares of GAP stock. The shares were sold at an average price of $23.74, for a total transaction of $380,552.20.

GAP Stock Performance

Shares of GAP opened at $24.03 on Thursday. The firm has a market capitalization of $8.94 billion, a PE ratio of 11.17, a P/E/G ratio of 1.38 and a beta of 2.29. The company has a quick ratio of 1.08, a current ratio of 1.75 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $26.86 and a 200 day moving average price of $25.05. The Gap, Inc. has a 52-week low of $16.99 and a 52-week high of $29.36.

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

GAP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 8th will be given a dividend of $0.175 per share. This is a boost from GAP’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, April 8th. This represents a $0.70 annualized dividend and a dividend yield of 2.9%. GAP’s payout ratio is 30.70%.

Analysts Set New Price Targets

Several brokerages recently weighed in on GAP. Wall Street Zen cut GAP from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Evercore boosted their price target on shares of GAP from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Wells Fargo & Company set a $30.00 price target on shares of GAP and gave the company an “overweight” rating in a report on Tuesday, December 16th. Telsey Advisory Group raised their price objective on shares of GAP from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings cut shares of GAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.46.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. LSV Asset Management boosted its position in shares of GAP by 101.0% in the second quarter. LSV Asset Management now owns 3,184,477 shares of the company’s stock worth $69,453,000 after buying an additional 1,600,041 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of GAP by 42.7% in the 2nd 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 during the period. Miller Howard Investments Inc. NY purchased a new stake in shares of GAP in the fourth quarter worth approximately $20,561,000. Jump Financial LLC boosted its holdings in shares of GAP by 2,197.8% during the third quarter. Jump Financial LLC now owns 645,150 shares of the company’s stock worth $13,800,000 after purchasing an additional 617,073 shares during the period. Finally, Bank of New York Mellon Corp grew its position in GAP by 13.0% during the fourth quarter. Bank of New York Mellon Corp now owns 3,195,934 shares of the company’s stock valued at $81,816,000 after purchasing an additional 368,191 shares in the last quarter. 58.81% of the stock is owned by hedge funds and other institutional investors.

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.