UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of The Gap, Inc. (NYSE:GAP – Free Report) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 720,170 shares of the company’s stock after buying an additional 35,103 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of GAP worth $13,453,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Jupiter Topco LLC bought a new stake in shares of GAP in the 2nd quarter valued at approximately $2,017,000. BlackRock Inc. acquired a new position in GAP in the second quarter worth $428,824,000. Miller Howard Investments Inc. NY boosted its holdings in GAP by 112.2% in the first quarter. Miller Howard Investments Inc. NY now owns 1,704,021 shares of the company’s stock worth $41,237,000 after purchasing an additional 900,855 shares during the period. LSV Asset Management increased 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 valued at $88,645,000 after purchasing an additional 121,001 shares during the last quarter. Finally, Robinhood Asset Management LLC bought a new stake in GAP during the second quarter valued at $6,312,000. Institutional investors own 58.81% of the company’s stock.
Wall Street Analyst Weigh In
GAP has been the topic of a number of recent research reports. Jefferies Financial Group downgraded shares of GAP from a “buy” rating to a “hold” rating and reduced their price target for the stock from $29.00 to $23.00 in a research report on Wednesday, August 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $27.00 price objective (down from $35.00) on shares of GAP in a research note on Friday, May 29th. Bank of America raised their target price on shares of GAP from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. UBS Group lifted their target price on GAP from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Finally, Morgan Stanley upped their target price on GAP from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $27.36.
GAP Trading Up 0.5%
GAP stock opened at $22.43 on Friday. 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 50-day moving average price of $20.24 and a two-hundred day moving average price of $22.69. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 6.70, a PEG ratio of 0.95 and a beta of 2.08. The Gap, Inc. has a 52-week low of $18.11 and a 52-week high of $29.36.
GAP (NYSE:GAP – Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.69 billion. GAP had a net margin of 8.14% and a return on equity of 19.72%. GAP’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 earnings per share. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. Sell-side analysts expect that The Gap, Inc. will post 2.41 earnings per share for the current year.
GAP Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders 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 yield of 3.1%. The ex-dividend date is Wednesday, October 7th. GAP’s payout ratio is 20.90%.
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.
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