The Gap, Inc. (NYSE:GPS) CEO Mark Breitbard Sells 18,908 Shares

The Gap, Inc. (NYSE:GPS) CEO Mark Breitbard sold 18,908 shares of the stock in a transaction that occurred on Tuesday, May 4th. The stock was sold at an average price of $35.03, for a total value of $662,347.24.

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

  • On Thursday, April 15th, Mark Breitbard sold 6,948 shares of The Gap stock. The stock was sold at an average price of $32.82, for a total value of $228,033.36.
  • On Monday, March 15th, Mark Breitbard sold 6,948 shares of The Gap stock. The shares were sold at an average price of $31.19, for a total transaction of $216,708.12.

Shares of NYSE GPS traded down $0.25 during midday trading on Tuesday, hitting $35.22. The company’s stock had a trading volume of 7,161,966 shares, compared to its average volume of 6,990,477. The stock has a fifty day moving average price of $31.64 and a 200 day moving average price of $24.68. The firm has a market capitalization of $13.20 billion, a price-to-earnings ratio of -12.06 and a beta of 1.52. The Gap, Inc. has a one year low of $6.53 and a one year high of $37.00. The company has a current ratio of 1.44, a quick ratio of 0.82 and a debt-to-equity ratio of 0.93.

The Gap (NYSE:GPS) last posted its earnings results on Wednesday, March 3rd. The apparel retailer reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.10. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.66 billion. The Gap had a negative return on equity of 24.81% and a negative net margin of 7.71%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 earnings per share. On average, equities research analysts predict that The Gap, Inc. will post -2.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 28th. Stockholders of record on Wednesday, April 7th were issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date was Tuesday, April 6th. The Gap’s payout ratio is 49.24%.

Several equities research analysts have recently commented on GPS shares. Zacks Investment Research downgraded shares of The Gap from a “hold” rating to a “sell” rating and set a $31.00 target price for the company. in a research report on Tuesday, March 9th. Wedbush lifted their target price on The Gap from $19.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday. Robert W. Baird increased their price target on The Gap from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, March 5th. B. Riley upped their target price on shares of The Gap from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, March 5th. Finally, UBS Group boosted their price target on shares of The Gap from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, March 5th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. The Gap has an average rating of “Hold” and an average price target of $29.00.

Several hedge funds have recently added to or reduced their stakes in the company. Sowell Financial Services LLC increased its holdings in The Gap by 230.3% during the 4th quarter. Sowell Financial Services LLC now owns 10,102 shares of the apparel retailer’s stock worth $204,000 after acquiring an additional 7,044 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of The Gap in the first quarter worth $205,000. US Bancorp DE raised its position in shares of The Gap by 12.2% in the first quarter. US Bancorp DE now owns 9,138 shares of the apparel retailer’s stock worth $272,000 after buying an additional 997 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in The Gap by 5.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 17,112 shares of the apparel retailer’s stock valued at $510,000 after buying an additional 873 shares during the period. Finally, IFP Advisors Inc grew its position in The Gap by 11,950.1% during the fourth quarter. IFP Advisors Inc now owns 43,742 shares of the apparel retailer’s stock worth $885,000 after buying an additional 43,379 shares in the last quarter. Institutional investors own 55.31% of the company’s stock.

About The Gap

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, Athleta, Intermix, and Janie and Jack brands. Its products include denim, tees, fleece, 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 The Gap (NYSE:GPS)

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