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

The Gap, Inc. (NYSE:GAP) CEO Mark Breitbard sold 16,030 shares of the company’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 value of $380,552.20. Following the completion of the sale, the chief executive officer directly owned 131,703 shares of the company’s stock, valued at approximately $3,126,629.22. This represents a 10.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

GAP Trading Up 2.2%

GAP stock opened at $23.86 on Wednesday. The company has a market capitalization of $8.88 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.35 and a beta of 2.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.08 and a current ratio of 1.75. The Gap, Inc. has a one year low of $16.99 and a one year high of $29.36. The company’s 50 day moving average price is $26.91 and its two-hundred day moving average price is $25.06.

GAP (NYSE:GAP) last announced its quarterly earnings data 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 analysts’ expectations of $4.24 billion. During the same period last year, the company posted $0.54 EPS. GAP’s revenue for the quarter was up 2.1% on a year-over-year basis. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. As a group, analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Increases Dividend

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

Institutional Trading of GAP

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

Analysts Set New Price Targets

GAP has been the subject of a number of recent research reports. Wells Fargo & Company set a $30.00 target price on GAP and gave the company an “overweight” rating in a research note on Tuesday, December 16th. The Goldman Sachs Group raised their price target on GAP from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Guggenheim started coverage on GAP in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. dropped their price objective on GAP from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, March 6th. Finally, Citigroup lifted their target price on shares of GAP from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Two equities research 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 company. According to data from MarketBeat.com, GAP currently has a consensus rating of “Moderate Buy” and a consensus 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.