HighTower Advisors LLC Has $13.34 Million Position in The Gap, Inc. $GAP

HighTower Advisors LLC reduced its stake in shares of The Gap, Inc. (NYSE:GAP) by 41.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 714,214 shares of the company’s stock after selling 511,921 shares during the period. HighTower Advisors LLC owned 0.20% of GAP worth $13,342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of GAP in the 4th quarter valued at $26,000. Global Retirement Partners LLC acquired a new position in shares of GAP during the 2nd quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of GAP in the 2nd quarter valued at approximately $50,000. Quantbot Technologies LP bought a new position in shares of GAP in the 2nd quarter valued at approximately $73,000. Finally, Westpac Banking Corp acquired a new stake in GAP in the 2nd quarter worth approximately $103,000. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

GAP Stock Down 4.6%

Shares of NYSE GAP opened at $21.35 on Thursday. The Gap, Inc. has a 52-week low of $18.11 and a 52-week high of $29.36. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.82. The business has a fifty day moving average of $20.44 and a two-hundred day moving average of $22.53. The stock has a market cap of $7.50 billion, a PE ratio of 6.37, a PEG ratio of 0.95 and a beta of 2.08.

GAP (NYSE:GAP) last announced its earnings results on Thursday, August 27th. The company reported $0.52 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The business’s revenue for the quarter 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 expect that The Gap, Inc. will post 2.41 earnings per share for the current fiscal year.

GAP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $0.70 dividend on an annualized basis and a yield of 3.3%. GAP’s dividend payout ratio (DPR) is presently 20.90%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. The Goldman Sachs Group increased their price target on GAP from $25.00 to $27.00 and gave the company a “buy” rating in a report on Monday, August 31st. Evercore set a $20.00 target price on shares of GAP and gave the company an “in-line” rating in a research note on Friday, May 29th. Barclays lifted their target price on shares of GAP from $20.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, August 28th. Bank of America upped their price target on shares of GAP from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, August 28th. Finally, BTIG Research raised their price target on GAP from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.07.

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.