The Gap, Inc. (NYSE:GAP – Get Free Report)’s share price hit a new 52-week low on Tuesday . The company traded as low as $18.60 and last traded at $18.7340, with a volume of 17141862 shares traded. The stock had previously closed at $20.21.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Citigroup boosted their price objective on GAP from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Wells Fargo & Company decreased their target price on GAP from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Bank of America dropped their price target on GAP from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. The Goldman Sachs Group reduced their price objective on shares of GAP from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of GAP in a research note on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.71.
Get Our Latest Stock Report on GAP
GAP Trading Up 0.8%
GAP (NYSE:GAP – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. GAP had a net margin of 6.25% and a return on equity of 21.13%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. Equities analysts predict that The Gap, Inc. will post 2.34 EPS for the current year.
GAP Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 8th will be given a $0.175 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $0.70 annualized dividend and a yield of 3.7%. GAP’s dividend payout ratio (DPR) is presently 27.56%.
Insider Buying and Selling at GAP
In other news, major shareholder John J. Fisher sold 300,000 shares of GAP stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $25.40, for a total transaction of $7,620,000.00. Following the completion of the transaction, the insider directly owned 446,781 shares in the company, valued at $11,348,237.40. This trade represents a 40.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amanda J. Thompson sold 25,000 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $25.14, for a total transaction of $628,500.00. Following the sale, the insider directly owned 86,228 shares of the company’s stock, valued at approximately $2,167,771.92. The trade was a 22.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 343,679 shares of company stock worth $8,741,864. Company insiders own 31.00% of the company’s stock.
Hedge Funds Weigh In On GAP
A number of hedge funds have recently added to or reduced their stakes in the stock. Amundi purchased a new stake in shares of GAP in the first quarter worth approximately $259,000. EverSource Wealth Advisors LLC boosted its position in shares of GAP by 177.0% during the second quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock valued at $153,000 after buying an additional 4,483 shares during the last quarter. Jump Financial LLC bought a new stake in GAP during the second quarter worth $612,000. California State Teachers Retirement System grew its holdings in GAP by 0.8% during the second quarter. California State Teachers Retirement System now owns 226,506 shares of the company’s stock worth $4,940,000 after buying an additional 1,703 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in GAP by 42.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company’s stock valued at $96,134,000 after buying an additional 1,318,322 shares during the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.
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.
Read More
- Five stocks we like better than GAP
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for GAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAP and related companies with MarketBeat.com's FREE daily email newsletter.
