Bank of New York Mellon Corp Has $63.24 Million Stock Holdings in The Gap, Inc. $GAP

Bank of New York Mellon Corp lifted its position in shares of The Gap, Inc. (NYSE:GAP) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,899,563 shares of the company’s stock after purchasing an additional 145,427 shares during the quarter. Bank of New York Mellon Corp owned 0.77% of GAP worth $63,239,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in GAP by 4.8% during the second quarter. Public Employees Retirement System of Ohio now owns 71,420 shares of the company’s stock worth $1,558,000 after acquiring an additional 3,269 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of GAP during the first quarter worth about $80,000. Covestor Ltd bought a new position in shares of GAP during the 1st quarter valued at about $82,000. Plato Investment Management Ltd acquired a new position in shares of GAP in the 1st quarter valued at approximately $121,000. Finally, GAMMA Investing LLC grew its position in shares of GAP by 139.9% in the 2nd quarter. GAMMA Investing LLC now owns 11,131 shares of the company’s stock valued at $243,000 after purchasing an additional 6,492 shares during the period. Institutional investors own 58.81% of the company’s stock.

Insider Buying and Selling at GAP

In other news, Director William Sydney Fisher sold 243,064 shares of GAP stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $23.82, for a total value of $5,789,784.48. Following the completion of the transaction, the director owned 3,453,453 shares of the company’s stock, valued at $82,261,250.46. This trade represents a 6.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert J. Fisher sold 500,000 shares of the business’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $22.90, for a total transaction of $11,450,000.00. Following the transaction, the director owned 2,829,502 shares in the company, valued at $64,795,595.80. This represents a 15.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 943,064 shares of company stock valued at $22,011,784 over the last three months. 30.56% of the stock is owned by company insiders.

GAP Price Performance

Shares of NYSE GAP opened at $23.45 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.68 and a quick ratio of 0.96. The business has a 50-day moving average of $22.45 and a 200-day moving average of $22.35. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 2.70 and a beta of 2.17. The Gap, Inc. has a fifty-two week low of $16.99 and a fifty-two week high of $29.29.

GAP (NYSE:GAP) last released its earnings results on Thursday, August 28th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.73 billion. GAP had a return on equity of 27.04% and a net margin of 5.86%.GAP’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. GAP has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 8th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, October 8th. GAP’s dividend payout ratio is presently 28.21%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GAP shares. Bank of America lifted their price target on shares of GAP from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Zacks Research raised shares of GAP from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Jefferies Financial Group set a $22.00 target price on shares of GAP in a research note on Thursday, September 4th. Weiss Ratings restated a “hold (c+)” rating on shares of GAP in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group reduced their price objective on GAP from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. Seven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, GAP has a consensus rating of “Hold” and an average price target of $25.94.

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.