GAP (NYSE:GAP) Insider Sells 27,538 Shares of Company Stock

The Gap, Inc. (NYSE:GAP) insider Julie Gruber sold 27,538 shares of the stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $23.56, for a total value of $648,795.28. Following the sale, the insider directly owned 30,876 shares in the company, valued at $727,438.56. This represents a 47.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GAP Stock Performance

Shares of GAP stock traded down $0.14 on Wednesday, hitting $23.65. The company had a trading volume of 5,470,564 shares, compared to its average volume of 7,741,014. The Gap, Inc. has a twelve month low of $18.11 and a twelve month high of $29.36. The company has a quick ratio of 1.11, a current ratio of 1.82 and a debt-to-equity ratio of 0.38. The firm has a market cap of $8.31 billion, a P/E ratio of 7.06, a price-to-earnings-growth ratio of 0.97 and a beta of 2.05. The company has a 50-day moving average price of $21.30 and a 200-day moving average price of $22.02.

GAP (NYSE:GAP) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. GAP had a return on equity of 19.72% and a net margin of 8.14%.The company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the business earned $0.57 earnings per share. GAP’s quarterly revenue was down 2.0% on a year-over-year basis. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, equities research analysts predict that The Gap, Inc. will post 2.41 earnings per share for the current fiscal year.

GAP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a $0.1750 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, October 7th. GAP’s payout ratio is currently 20.90%.

Institutional Investors Weigh In On GAP

Institutional investors have recently bought and sold shares of the company. CX Institutional acquired a new position in shares of GAP during the third quarter valued at approximately $7,192,000. Sequoia Financial Advisors LLC boosted its stake in shares of GAP by 26.2% in the second quarter. Sequoia Financial Advisors LLC now owns 172,326 shares of the company’s stock worth $3,219,000 after acquiring an additional 35,747 shares during the last quarter. Tidal Investments LLC increased its position in shares of GAP by 60.6% during the second quarter. Tidal Investments LLC now owns 64,329 shares of the company’s stock worth $1,202,000 after purchasing an additional 24,265 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of GAP during the second quarter worth approximately $4,216,000. Finally, Empirical Finance LLC raised its stake in GAP by 6.7% in the 2nd quarter. Empirical Finance LLC now owns 44,937 shares of the company’s stock valued at $839,000 after purchasing an additional 2,839 shares during the last quarter. 58.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays raised their price target on shares of GAP from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 28th. TD Cowen increased their target price on shares of GAP from $23.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. BTIG Research raised their target price on GAP from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, August 28th. The Goldman Sachs Group lifted their price target on GAP from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Finally, Wells Fargo & Company upped their price target on GAP from $22.00 to $23.00 and gave the stock a “cautious” rating in a report on Friday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.07.

GAP Company Profile

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. The Old Navy Global segment offers clothing and accessories for adults and children.