GAP (NYSE:GAP) Research Coverage Started at BTIG Research

BTIG Research initiated coverage on shares of GAP (NYSE:GAP) in a research report released on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $30.00 price objective on the stock.

Several other research analysts have also recently weighed in on GAP. JPMorgan Chase & Co. boosted their price target on GAP from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Wall Street Zen downgraded GAP from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Jefferies Financial Group set a $22.00 target price on GAP in a research report on Thursday, September 4th. The Goldman Sachs Group lowered their target price on shares of GAP from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company reduced their price target on shares of GAP from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, August 29th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, GAP has a consensus rating of “Hold” and an average target price of $25.75.

GAP Trading Down 2.0%

Shares of NYSE GAP opened at $20.66 on Tuesday. The firm’s 50 day moving average price is $21.85 and its 200-day moving average price is $21.88. GAP has a 52-week low of $16.99 and a 52-week high of $29.29. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 1.68. The company has a market cap of $7.67 billion, a PE ratio of 8.83, a P/E/G ratio of 2.41 and a beta of 2.10.

GAP (NYSE:GAP) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.73 billion. GAP had a net margin of 5.86% and a return on equity of 27.04%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. GAP has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts expect that GAP will post 2.02 EPS for the current fiscal year.

GAP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 8th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $0.66 annualized dividend and a dividend yield of 3.2%. GAP’s dividend payout ratio is presently 28.21%.

Insider Activity at GAP

In related news, Director Robert J. Fisher sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $22.90, for a total value of $11,450,000.00. Following the transaction, the director owned 2,829,502 shares of the company’s stock, valued at approximately $64,795,595.80. This trade represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William Sydney Fisher sold 243,064 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $23.82, for a total transaction of $5,789,784.48. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 943,064 shares of company stock worth $22,011,784 in the last quarter. Company insiders own 30.56% of the company’s stock.

Hedge Funds Weigh In On GAP

Institutional investors have recently bought and sold shares of the stock. Polianta Ltd lifted its position in GAP by 26.3% during the third quarter. Polianta Ltd now owns 70,500 shares of the company’s stock valued at $1,507,000 after purchasing an additional 14,700 shares in the last quarter. State of Tennessee Department of Treasury raised its stake in shares of GAP by 10.5% in the second quarter. State of Tennessee Department of Treasury now owns 99,990 shares of the company’s stock worth $2,181,000 after buying an additional 9,542 shares during the period. Captrust Financial Advisors lifted its position in shares of GAP by 85.2% during the 2nd quarter. Captrust Financial Advisors now owns 37,119 shares of the company’s stock valued at $810,000 after buying an additional 17,079 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of GAP by 146.4% during the 2nd quarter. Lazard Asset Management LLC now owns 123,726 shares of the company’s stock valued at $2,697,000 after acquiring an additional 73,516 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of GAP by 42.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company’s stock valued at $96,134,000 after acquiring an additional 1,318,322 shares during the period. 58.81% of the stock is owned by institutional investors.

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.