Mark Breitbard Sells 93,809 Shares of The Gap, Inc. (NYSE:GPS) Stock

The Gap, Inc. (NYSE:GPSGet Free Report) CEO Mark Breitbard sold 93,809 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $28.14, for a total transaction of $2,639,785.26. Following the transaction, the chief executive officer now owns 141,377 shares in the company, valued at approximately $3,978,348.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, March 22nd, Mark Breitbard sold 27,222 shares of GAP stock. The stock was sold at an average price of $28.18, for a total transaction of $767,115.96.

GAP Stock Performance

NYSE GPS opened at $27.72 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.42 and a quick ratio of 0.78. The Gap, Inc. has a 1-year low of $7.22 and a 1-year high of $28.59. The business has a 50 day simple moving average of $20.88 and a two-hundred day simple moving average of $17.64. The stock has a market capitalization of $10.35 billion, a PE ratio of 20.69, a P/E/G ratio of 1.72 and a beta of 2.24.

GAP (NYSE:GPSGet Free Report) last posted its earnings results on Thursday, March 7th. The apparel retailer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.29. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.22 billion. GAP had a net margin of 3.37% and a return on equity of 22.56%. GAP’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.75) earnings per share. On average, research analysts predict that The Gap, Inc. will post 1.36 EPS for the current fiscal year.

GAP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.16%. GAP’s dividend payout ratio (DPR) is presently 44.78%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GPS shares. TheStreet raised GAP from a “c” rating to a “b-” rating in a report on Thursday, March 7th. raised GAP from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. The Goldman Sachs Group increased their target price on shares of GAP from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. BMO Capital Markets lifted their price target on shares of GAP from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Finally, Barclays increased their price objective on shares of GAP from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to, GAP presently has a consensus rating of “Hold” and an average target price of $18.89.

Check Out Our Latest Stock Report on GAP

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GPS. Hexagon Capital Partners LLC increased 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 acquiring an additional 2,124 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of GAP in the 4th quarter worth approximately $42,000. Lazard Asset Management LLC boosted its holdings in shares of GAP by 117.8% in the 3rd quarter. Lazard Asset Management LLC now owns 4,613 shares of the apparel retailer’s stock worth $49,000 after purchasing an additional 2,495 shares during the period. Captrust Financial Advisors increased its position in shares of GAP by 12.2% during the 2nd quarter. Captrust Financial Advisors now owns 8,561 shares of the apparel retailer’s stock valued at $71,000 after purchasing an additional 930 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in GAP during the 4th quarter valued at $73,000. Institutional investors own 58.81% of the company’s stock.

About GAP

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for GAP (NYSE:GPS)

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