282,973 Shares in The Gap, Inc. $GAP Purchased by CX Institutional

CX Institutional acquired a new position in The Gap, Inc. (NYSE:GAP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 282,973 shares of the company’s stock, valued at approximately $6,053,000. CX Institutional owned 0.08% of GAP as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Plato Investment Management Ltd bought a new stake in shares of GAP in the 1st quarter worth approximately $121,000. EverSource Wealth Advisors LLC increased its position in GAP by 177.0% in the second quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock worth $153,000 after buying an additional 4,483 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of GAP by 139.9% in the second quarter. GAMMA Investing LLC now owns 11,131 shares of the company’s stock valued at $243,000 after buying an additional 6,492 shares during the period. Amundi purchased a new position in shares of GAP during the 1st quarter valued at $259,000. Finally, United Services Automobile Association purchased a new position in shares of GAP during the 1st quarter valued at $295,000. 58.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GAP. Wells Fargo & Company set a $30.00 price objective on GAP and gave the company an “overweight” rating in a research note on Tuesday, December 16th. The Goldman Sachs Group upped their price target on shares of GAP from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 21st. Telsey Advisory Group upgraded shares of GAP from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $26.00 to $32.00 in a research note on Wednesday, December 17th. Zacks Research raised shares of GAP from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, BTIG Research raised their price target on GAP from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.93.

GAP Stock Performance

NYSE GAP opened at $26.62 on Thursday. The Gap, Inc. has a 1 year low of $16.99 and a 1 year high of $29.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.72 and a quick ratio of 0.97. The stock has a market capitalization of $9.90 billion, a PE ratio of 11.88, a P/E/G ratio of 3.01 and a beta of 2.31. The company’s 50 day simple moving average is $25.55 and its two-hundred day simple moving average is $23.03.

GAP (NYSE:GAP) last released its quarterly earnings results on Tuesday, November 25th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. GAP had a net margin of 5.57% and a return on equity of 24.91%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same period in the previous year, the business earned $0.72 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 7th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, January 7th. GAP’s dividend payout ratio is currently 29.46%.

Insider Transactions at GAP

In other news, Director Elisabeth B. Donohue sold 3,000 shares of GAP stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $27.11, for a total transaction of $81,330.00. Following the completion of the sale, the director owned 1,000 shares in the company, valued at approximately $27,110. This trade represents a 75.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder John J. Fisher sold 3,971 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $27.04, for a total transaction of $107,375.84. Following the completion of the sale, the insider directly owned 746,781 shares in the company, valued at $20,192,958.24. This represents a 0.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,349,044 shares of company stock worth $36,857,065. 30.56% of the stock is owned by insiders.

About GAP

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.