California State Teachers Retirement System Buys New Stake in The Gap, Inc. (NYSE:GAP)

California State Teachers Retirement System acquired a new stake in shares of The Gap, Inc. (NYSE:GAP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 209,599 shares of the company's stock, valued at approximately $4,953,000. California State Teachers Retirement System owned about 0.06% of GAP as of its most recent SEC filing.

Insider Transactions at GAP

In other GAP news, Director Elisabeth B. Donohue sold 3,539 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $21.04, for a total value of $74,460.56. Following the transaction, the director now owns 4,000 shares of the company's stock, valued at $84,160. This represents a 46.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Sarah Gilligan sold 29,813 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $20.34, for a total transaction of $606,396.42. Following the completion of the transaction, the insider now directly owns 2,634 shares in the company, valued at $53,575.56. The trade was a 91.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 228,880 shares of company stock worth $4,985,854 in the last 90 days. Insiders own 30.56% of the company's stock.

GAP Price Performance

GAP stock traded up $0.31 during mid-day trading on Friday, reaching $21.89. The company's stock had a trading volume of 3,092,215 shares, compared to its average volume of 7,716,757. The stock has a market cap of $8.24 billion, a PE ratio of 10.13, a P/E/G ratio of 0.94 and a beta of 2.24. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The Gap, Inc. has a fifty-two week low of $16.99 and a fifty-two week high of $29.29. The company's 50 day moving average is $22.51 and its two-hundred day moving average is $22.91.

GAP (NYSE:GAP - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.07. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.41 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. GAP's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. Equities research analysts expect that The Gap, Inc. will post 2.02 EPS for the current year.

GAP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.165 per share. The ex-dividend date is Wednesday, July 9th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.02%. GAP's dividend payout ratio is currently 28.57%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. UBS Group decreased their target price on shares of GAP from $29.00 to $27.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. Telsey Advisory Group restated a "market perform" rating and set a $26.00 target price on shares of GAP in a research report on Friday, May 30th. Wells Fargo & Company cut shares of GAP from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $30.00 to $24.00 in a research report on Wednesday, April 30th. Jefferies Financial Group restated a "hold" rating and set a $29.00 target price (up from $26.00) on shares of GAP in a research report on Wednesday, May 21st. Finally, Robert W. Baird decreased their target price on shares of GAP from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $28.47.

About GAP

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.