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Horacio Barbeito, President and CEO of Old Navy, a division of Gap Inc (NYSE:GAP), sold 40,764 shares of the company’s common stock on March 21, 2025. The shares were sold at a weighted average price of $20.0738, amounting to a total transaction value of $818,288. The stock currently trades at $21.68, with a market capitalization of $8.2 billion and a P/E ratio of 9.7x. According to InvestingPro analysis, Gap appears undervalued based on its Fair Value estimate. This sale was conducted under a Rule 10b5-1 trading plan that Barbeito adopted on December 13, 2024. Following this transaction, Barbeito holds 308,198 shares directly. The shares were sold in multiple transactions, with prices ranging from $19.93 to $20.24. InvestingPro data shows Gap maintains strong financial health with a current ratio of 1.6x and has sustained dividend payments for 50 consecutive years. For deeper insights into insider trading patterns and comprehensive analysis, access Gap’s detailed Pro Research Report, one of 1,400+ available on InvestingPro.
In other recent news, Gap Inc. reported a strong fourth-quarter performance, with earnings per share (EPS) of $0.54, surpassing consensus estimates by $0.17, and revenues reaching $4.15 billion, which exceeded expectations by $79 million. The company’s gross margin improved by 250 basis points to 41.3%, driven by lower commodity and rent costs. Analyst firm CFRA upgraded Gap’s stock rating to Strong Buy, raising the 12-month price target to $30.00, citing effective execution across its brands and operational efficiency. Evercore ISI also maintained an Outperform rating on Gap, highlighting the retailer’s successful marketing initiatives and partnerships that are boosting brand visibility.
Meanwhile, Gap has updated its incentive plans for employees and directors, aligning their interests with long-term company performance and shareholder value. The revised agreements include new forms of Restricted Stock Unit Award Agreements and Performance Share Agreements, aimed at attracting and retaining top talent. BMO Capital Markets reaffirmed its Market Perform rating for Gap, noting the company’s solid earnings beat and EBIT growth forecast for FY25. Despite Evercore ISI adjusting its price target from $33.00 to $30.00, the firm remains optimistic about Gap’s strategic direction and financial health. These developments reflect Gap’s ongoing efforts to enhance its market position and financial performance.
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