GAP (NYSE:GAP) CEO Horacio Barbeito Sells 113,684 Shares

The Gap, Inc. (NYSE:GAP) CEO Horacio Barbeito sold 113,684 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $24.01, for a total transaction of $2,729,552.84. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link.

GAP Price Performance

Shares of GAP opened at $24.69 on Tuesday. 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 company has a 50 day moving average price of $26.62 and a 200-day moving average price of $25.10. The Gap, Inc. has a fifty-two week low of $16.99 and a fifty-two week high of $29.36. The stock has a market capitalization of $9.20 billion, a PE ratio of 11.48, a PEG ratio of 1.38 and a beta of 2.29.

GAP (NYSE:GAP) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.24 billion. GAP had a net margin of 5.31% and a return on equity of 22.98%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. 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. Equities analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Increases Dividend

The business 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 $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, April 8th. This is a positive change from GAP’s previous quarterly dividend of $0.17. GAP’s dividend payout ratio is presently 30.70%.

Wall Street Analyst Weigh In

GAP has been the topic of a number of recent research reports. Weiss Ratings downgraded GAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 12th. JPMorgan Chase & Co. boosted their target price on shares of GAP from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday. Guggenheim initiated coverage on shares of GAP in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Citigroup raised their price target on shares of GAP from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Finally, The Goldman Sachs Group lifted their price objective on shares of GAP from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.62.

Institutional Inflows and Outflows

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

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.