Gap Inc (GPS) President & CEO, Gap Brand Mark Breitbard Sells 27,222 Shares
Mark Breitbard, President & CEO of Gap Brand, a division of Gap Inc (NYSE:GPS), has sold 27,222 shares of the company on March 22, 2024, according to a recent SEC filing. The transaction was executed at an average price of $28.18 per share, resulting in a total value of $767,227.96.
Gap Inc, headquartered in San Francisco, California, is a global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. The company operates in specialty retail, outlet, online, and franchise channels.
Over the past year, Mark Breitbard has sold a total of 167,934 shares of Gap Inc and has not made any purchases of the stock. The insider transaction history for Gap Inc shows a pattern of 25 insider sells and no insider buys over the past year.
On the day of the insider's recent sale, Gap Inc shares were trading at $28.18, giving the company a market capitalization of $10.42 billion. The price-earnings ratio of the company stands at 20.83, which is above the industry median of 18.39 and also higher than the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 2.21, with a current share price of $28.18 and a GF Value of $12.73. This indicates that Gap Inc is significantly overvalued according to GuruFocus's valuation model.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent selling activity by insiders at Gap Inc.
The GF Value image above illustrates the valuation discrepancy, suggesting that Gap Inc's stock is currently trading at a price significantly higher than its intrinsic value as estimated by GuruFocus.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
