GAP (NYSE:GAP) CEO Sells $2,835,889.00 in Stock

The Gap, Inc. (NYSE:GAP) CEO Mark Breitbard sold 119,155 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $23.80, for a total transaction of $2,835,889.00. Following the transaction, the chief executive officer directly owned 135,884 shares in the company, valued at $3,234,039.20. The trade was a 46.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, March 19th, Mark Breitbard sold 8,486 shares of GAP stock. The shares were sold at an average price of $23.73, for a total value of $201,372.78.
• 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 value of $380,552.20.

GAP Trading Down 0.8%

NYSE:GAP opened at $23.90 on Friday. The company has a market cap of $8.90 billion, a PE ratio of 11.11, a P/E/G ratio of 1.39 and a beta of 2.29. The business’s 50 day moving average is $26.69 and its two-hundred day moving average is $25.06. 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 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). The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.24 billion. GAP had a net margin of 5.31% and a return on equity of 22.98%. GAP’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. On average, analysts predict that The Gap, Inc. will post 2.02 EPS for the current year.

GAP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th will be paid 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 payout ratio is presently 30.70%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Citigroup lifted 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. Telsey Advisory Group increased their price objective on shares of GAP from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. raised 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. Robert W. Baird set a $33.00 target price on GAP and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Finally, Barclays reaffirmed an “overweight” rating on shares of GAP in a report on Tuesday, January 6th. Two equities 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GAP. Public Employees Retirement System of Ohio increased its stake in shares of GAP by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 71,867 shares of the company’s stock valued at $1,537,000 after purchasing an additional 447 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of GAP by 1.3% during the third quarter. Oregon Public Employees Retirement Fund now owns 45,799 shares of the company’s stock worth $980,000 after buying an additional 600 shares during the period. Cullen Frost Bankers Inc. bought a new position in GAP in the 4th quarter worth approximately $26,000. Plato Investment Management Ltd acquired a new stake in GAP in the 4th quarter valued at approximately $28,000. Finally, V Square Quantitative Management LLC acquired a new stake in GAP in the 4th quarter valued at approximately $31,000. Institutional investors own 58.81% of the company’s stock.

GAP Company Profile

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.