GAP (NYSE:GAP) Insider Sells $1,747,800.00 in Stock

The Gap, Inc. (NYSE:GAP) insider Sarah Gilligan sold 69,912 shares of GAP stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $25.00, for a total transaction of $1,747,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

GAP Stock Down 1.3%

Shares of GAP opened at $24.74 on Friday. The firm has a 50 day simple moving average of $26.47 and a two-hundred day simple moving average of $25.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.75 and a quick ratio of 1.08. The Gap, Inc. has a one year low of $16.99 and a one year high of $29.36. The company has a market cap of $9.22 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.45 and a beta of 2.29.

GAP (NYSE:GAP) last issued its earnings results on Thursday, March 5th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). GAP had a net margin of 5.31% and a return on equity of 22.98%. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period in the prior year, the business posted $0.54 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. Research analysts forecast that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 8th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 2.8%. This is a boost from GAP’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, April 8th. GAP’s payout ratio is 30.70%.

Analysts Set New Price Targets

GAP has been the subject of several research analyst reports. Argus raised GAP to a “strong-buy” rating in a research note on Thursday, January 22nd. Wells Fargo & Company set a $30.00 price target on shares of GAP and gave the company an “overweight” rating in a report on Tuesday, December 16th. The Goldman Sachs Group upped their price objective on shares of GAP from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. UBS Group raised shares of GAP from a “neutral” rating to a “buy” rating and increased their price objective for the company from $26.00 to $41.00 in a research note on Wednesday, January 7th. Finally, Robert W. Baird set a $33.00 target price on shares of GAP and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, GAP currently has an average rating of “Moderate Buy” and an average price target of $30.62.

Hedge Funds Weigh In On GAP

Hedge funds have recently made changes to their positions in the stock. Amundi acquired a new position in shares of GAP in the first quarter worth approximately $259,000. Rhumbline Advisers increased its position in GAP by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 607,470 shares of the company’s stock valued at $13,249,000 after purchasing an additional 15,053 shares during the period. New York State Common Retirement Fund raised its holdings in GAP by 16.6% during the 2nd quarter. New York State Common Retirement Fund now owns 132,940 shares of the company’s stock worth $2,899,000 after purchasing an additional 18,887 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in GAP by 177.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock worth $153,000 after purchasing an additional 4,483 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of GAP in the 2nd quarter worth approximately $612,000. 58.81% of the stock is currently owned by institutional investors.

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.