The Gap, Inc. (NYSE:GAP – Get Free Report) insider Julie Gruber sold 27,538 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $23.56, for a total transaction of $648,795.28. Following the completion of the transaction, the insider directly owned 30,876 shares in the company, valued at approximately $727,438.56. This represents a 47.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GAP Price Performance
GAP traded down $0.14 on Wednesday, reaching $23.65. 5,470,564 shares of the company’s stock were exchanged, compared to its average volume of 7,741,014. The stock has a market cap of $8.31 billion, a PE ratio of 7.06, a P/E/G ratio of 0.97 and a beta of 2.05. The Gap, Inc. has a twelve month low of $18.11 and a twelve month high of $29.36. The stock’s fifty day moving average price is $21.30 and its 200-day moving average price is $22.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.82 and a quick ratio of 1.11.
GAP (NYSE:GAP – Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $0.57 EPS. 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 EPS for the current year.
GAP Dividend Announcement
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. TD Cowen upped their target price on GAP from $23.00 to $27.00 and gave the company a “buy” rating in a report on Friday, August 28th. Barclays lifted their price target on 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 boosted their price target on shares of GAP from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. Jefferies Financial Group lowered shares of GAP from a “buy” rating to a “hold” rating and dropped their price objective for the company from $29.00 to $23.00 in a report on Wednesday, August 12th. Finally, UBS Group raised their price objective on shares of GAP from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.07.
Check Out Our Latest Stock Analysis on GAP
Institutional Trading of GAP
Several institutional investors have recently added to or reduced their stakes in GAP. BlackRock Inc. purchased a new stake in GAP in the second quarter valued at approximately $428,824,000. Bank of New York Mellon Corp boosted its position in shares of GAP by 13.0% during the fourth quarter. Bank of New York Mellon Corp now owns 3,195,934 shares of the company’s stock worth $81,816,000 after buying an additional 368,191 shares during the period. Miller Howard Investments Inc. NY boosted its position in shares of GAP by 112.2% during the first quarter. Miller Howard Investments Inc. NY now owns 1,704,021 shares of the company’s stock worth $41,237,000 after buying an additional 900,855 shares during the period. Bank of America Corp DE acquired a new stake in shares of GAP in the second quarter valued at $30,345,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of GAP by 5.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 720,170 shares of the company’s stock valued at $13,453,000 after buying an additional 35,103 shares in the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.
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. The Old Navy Global segment offers clothing and accessories for adults and children.
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