GAP (NYSE:GAP) CEO Mark Breitbard Sells 8,486 Shares of Stock

The Gap, Inc. (NYSE:GAP) CEO Mark Breitbard sold 8,486 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $23.73, for a total transaction of $201,372.78. Following the transaction, the chief executive officer owned 135,884 shares in the company, valued at $3,224,527.32. This represents a 5.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, March 17th, Mark Breitbard sold 119,155 shares of GAP stock. The shares were sold at an average price of $23.80, for a total transaction of $2,835,889.00.
• On Monday, March 16th, Mark Breitbard sold 16,030 shares of GAP stock. The stock was sold at an average price of $23.74, for a total transaction of $380,552.20.

GAP Stock Down 0.5%

GAP opened at $23.97 on Friday. The Gap, Inc. has a twelve month low of $16.99 and a twelve month high of $29.36. 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 firm has a 50 day moving average price of $26.77 and a 200-day moving average price of $25.04. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 1.39 and a beta of 2.29.

GAP (NYSE:GAP) last posted its earnings results on Thursday, March 5th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). GAP had a return on equity of 22.98% and a net margin of 5.31%.The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same period last year, the firm posted $0.54 EPS. The company’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. Equities research analysts forecast that The Gap, Inc. will post 2.02 earnings per share for the current year.

GAP Increases Dividend

The company also recently declared 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 represents a $0.70 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase from GAP’s previous quarterly dividend of $0.17. GAP’s dividend payout ratio is presently 30.70%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in GAP during the fourth quarter valued at about $26,000. Root Financial Partners LLC bought a new position in shares of GAP in the third quarter worth about $27,000. Plato Investment Management Ltd purchased a new stake in shares of GAP during the fourth quarter worth about $28,000. V Square Quantitative Management LLC bought a new stake in GAP during the 4th quarter valued at approximately $31,000. Finally, Cornerstone Planning Group LLC purchased a new position in GAP in the 3rd quarter worth approximately $35,000. Institutional investors own 58.81% of the company’s stock.

Wall Street Analyst Weigh In

GAP has been the subject of several recent research reports. Weiss Ratings lowered shares of GAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 12th. Citigroup boosted their price objective on shares of GAP from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. JPMorgan Chase & Co. decreased their target price on GAP from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, March 6th. Wall Street Zen downgraded GAP from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, BTIG Research boosted their price target on GAP from $30.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 21st. 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. According to MarketBeat.com, the company presently has an average 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.