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Mark Breitbard, President and CEO of Gap Inc. (NYSE:GAP), recently sold 9,356 shares of the company’s common stock, totaling approximately $182,173. The transactions were executed on March 19, 2025, at a weighted average price of $19.4713 per share. The stock currently trades at $20.48, with InvestingPro analysis indicating the company is slightly undervalued based on its Fair Value assessment. This sale was conducted under a Rule 10b5-1 trading plan, which Breitbard adopted on April 4, 2024. Following this transaction, Breitbard holds 123,985 shares directly. The shares were sold in multiple transactions, with prices ranging from $19.375 to $19.56. Gap maintains strong fundamentals with an overall "GOOD" financial health rating from InvestingPro, and notably has maintained dividend payments for 50 consecutive years. The company’s P/E ratio stands at 9.15, trading at an attractive valuation relative to its near-term earnings growth potential.
In other recent news, Gap Inc. reported a strong fourth-quarter performance, achieving earnings per share (EPS) of $0.54, which exceeded Wall Street expectations. The company’s revenue reached $4.15 billion, surpassing estimates by $79 million. Old Navy and Gap brands showed notable sales growth, with Old Navy’s comparable sales up by 3% and Gap’s by 7%. CFRA upgraded Gap’s stock rating to Strong Buy and increased the price target to $30, highlighting the company’s effective execution and operational efficiency. Evercore ISI maintained an Outperform rating for Gap, also setting a $30 price target, despite a reduction from a previous target of $33. BMO Capital Markets affirmed a Market Perform rating with a $25 price target, noting Gap’s solid earnings beat and strong balance sheet. Gap also announced updates to its incentive plans for employees and directors, aiming to align their interests with the company’s long-term success. These developments provide insight into Gap’s strategic initiatives and financial performance.
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