Pallas Capital Advisors LLC Buys New Holdings in The Gap, Inc. $GAP

Pallas Capital Advisors LLC purchased a new stake in shares of The Gap, Inc. (NYSE:GAP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,020 shares of the company’s stock, valued at approximately $505,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in shares of GAP in the 4th quarter valued at about $26,000. Plato Investment Management Ltd acquired a new position in GAP during the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC purchased a new stake in GAP during the second quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in GAP during the second quarter worth approximately $50,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of GAP by 177.0% in the second quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock worth $153,000 after acquiring an additional 4,483 shares in the last quarter. 58.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GAP has been the topic of a number of research reports. Weiss Ratings downgraded shares of GAP from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Evercore set a $20.00 price target on shares of GAP and gave the stock an “in-line” rating in a research report on Friday, May 29th. The Goldman Sachs Group lowered their price target on GAP from $32.00 to $28.00 and set a “buy” rating for the company in a report on Friday, May 29th. Bank of America reduced their price objective on GAP from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. Finally, Barclays reiterated an “equal weight” rating and set a $20.00 target price (down from $26.00) on shares of GAP in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, GAP has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

GAP Price Performance

GAP opened at $20.09 on Thursday. The Gap, Inc. has a twelve month low of $18.11 and a twelve month high of $29.36. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 1.18 and a beta of 2.05. 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 company has a fifty day simple moving average of $20.16 and a 200 day simple moving average of $23.22.

GAP (NYSE:GAP) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. GAP had a return on equity of 21.13% and a net margin of 6.25%.The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. Equities research analysts expect that The Gap, Inc. will post 2.34 EPS for the current fiscal year.

GAP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, October 7th. GAP’s payout ratio is presently 27.56%.

GAP Company 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.