Insider Selling: GAP (NYSE:GAP) CEO Sells $2,729,552.84 in Stock

The Gap, Inc. (NYSE:GAP) CEO Horacio Barbeito sold 113,684 shares of GAP stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $24.01, for a total value of $2,729,552.84. Following the sale, the chief executive officer owned 115,024 shares of the company’s stock, valued at approximately $2,761,726.24. This represents a 49.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

GAP Stock Up 3.3%

NYSE:GAP traded up $0.78 during mid-day trading on Monday, reaching $24.69. The stock had a trading volume of 9,510,554 shares, compared to its average volume of 8,148,441. The stock has a market cap of $9.20 billion, a P/E ratio of 11.48, a PEG ratio of 1.38 and a beta of 2.29. The business’s 50 day moving average is $26.69 and its 200 day moving average is $25.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.75 and a quick ratio of 1.08. The Gap, Inc. has a fifty-two week low of $16.99 and a fifty-two week high of $29.36.

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

GAP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 8th will be issued a $0.175 dividend. This is a boost from GAP’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, April 8th. GAP’s dividend payout ratio is currently 32.56%.

Analyst Ratings Changes

Several research firms have weighed in on GAP. Zacks Research lowered GAP from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Guggenheim assumed coverage on GAP in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. Argus raised GAP to a “strong-buy” rating in a report on Thursday, January 22nd. The Goldman Sachs Group raised their price objective on GAP from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Citigroup upped their target price on GAP from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, GAP has a consensus rating of “Moderate Buy” and a consensus target price of $30.62.

Institutional Investors Weigh In On GAP

Several hedge funds have recently modified their holdings of the business. Cullen Frost Bankers Inc. acquired a new position in shares of GAP in the 4th quarter valued at $26,000. Root Financial Partners LLC acquired a new stake in shares of GAP during the 3rd quarter valued at about $27,000. Plato Investment Management Ltd bought a new stake in GAP in the fourth quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in GAP in the fourth quarter valued at about $31,000. Finally, Cornerstone Planning Group LLC acquired a new position in GAP in the third quarter worth about $35,000. 58.81% of the stock is owned by 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.