The Gap, Inc. $GAP Shares Bought by Glenmede Trust Co. NA

Glenmede Trust Co. NA grew its holdings in The Gap, Inc. (NYSE:GAP) by 146.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,435 shares of the company’s stock after purchasing an additional 46,017 shares during the quarter. Glenmede Trust Co. NA’s holdings in GAP were worth $1,874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GAP. Ameriprise Financial Inc. increased its holdings in shares of GAP by 4.1% in the third quarter. Ameriprise Financial Inc. now owns 4,588,800 shares of the company’s stock valued at $98,154,000 after purchasing an additional 180,991 shares during the last quarter. Geode Capital Management LLC boosted its stake in GAP by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 4,291,846 shares of the company’s stock worth $110,750,000 after buying an additional 14,141 shares during the last quarter. LSV Asset Management boosted its stake in GAP by 3.6% during the fourth quarter. LSV Asset Management now owns 3,462,702 shares of the company’s stock worth $88,645,000 after buying an additional 121,001 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of GAP by 13.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,195,934 shares of the company’s stock worth $81,816,000 after acquiring an additional 368,191 shares during the last quarter. Finally, Miller Howard Investments Inc. NY raised its holdings in shares of GAP by 112.2% during the 1st quarter. Miller Howard Investments Inc. NY now owns 1,704,021 shares of the company’s stock worth $41,237,000 after acquiring an additional 900,855 shares during the period. 58.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GAP. Evercore set a $20.00 price target on shares of GAP and gave the company an “in-line” rating in a research report on Friday, May 29th. Wells Fargo & Company reduced their target price on shares of GAP from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Barclays decreased their target price on shares of GAP from $33.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Morgan Stanley restated an “equal weight” rating and set a $21.00 price target on shares of GAP in a report on Monday, July 6th. Finally, Weiss Ratings lowered shares of GAP from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.86.

GAP Stock Down 0.3%

Shares of GAP opened at $20.56 on Thursday. The company’s 50-day moving average price is $20.40 and its 200 day moving average price is $23.67. The Gap, Inc. has a 12-month low of $18.11 and a 12-month high of $29.36. The company has a current ratio of 1.81, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41. The firm has a market cap of $7.40 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 1.21 and a beta of 2.05.

GAP (NYSE:GAP) last announced its earnings results on Thursday, May 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). GAP had a return on equity of 21.13% and a net margin of 6.25%.The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same period last year, the business earned $0.51 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. On average, sell-side analysts forecast that The Gap, Inc. will post 2.34 earnings per share for the current year.

GAP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 8th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.4%. GAP’s dividend payout ratio (DPR) is presently 27.56%.

GAP Profile

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.