Katrina O’connell Sells 16,036 Shares of GAP (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 16,036 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $23.74, for a total value of $380,694.64. Following the sale, the chief financial officer owned 7,718 shares of the company’s stock, valued at approximately $183,225.32. This represents a 67.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

GAP Stock Performance

NYSE GAP opened at $23.86 on Wednesday. The company has a market cap of $8.88 billion, a P/E ratio of 11.10, a PEG ratio of 1.35 and a beta of 2.29. The company has a fifty day simple moving average of $26.91 and a 200 day simple moving average of $25.06. The company has a current ratio of 1.75, a quick ratio of 1.08 and a debt-to-equity ratio of 0.39. The Gap, Inc. has a 12-month low of $16.99 and a 12-month high of $29.36.

GAP (NYSE:GAP) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.24 billion. GAP had a return on equity of 22.98% and a net margin of 5.31%.The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. Sell-side analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $0.70 dividend on an annualized basis and a yield of 2.9%. This is an increase from GAP’s previous quarterly dividend of $0.17. GAP’s dividend payout ratio is presently 30.70%.

Hedge Funds Weigh In On GAP

A number of hedge funds and other institutional investors have recently modified their holdings of GAP. Public Employees Retirement System of Ohio grew its holdings in GAP by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 71,867 shares of the company’s stock valued at $1,537,000 after purchasing an additional 447 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of GAP by 1.3% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 45,799 shares of the company’s stock valued at $980,000 after buying an additional 600 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of GAP during the 4th quarter valued at $26,000. Plato Investment Management Ltd bought a new position in shares of GAP during the 4th quarter worth $28,000. Finally, V Square Quantitative Management LLC bought a new position in shares of GAP during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 58.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Evercore raised their target price on GAP from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, November 21st. The Goldman Sachs Group upped their price target on GAP from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Wall Street Zen lowered GAP from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Citigroup lifted their price objective on shares of GAP from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Finally, UBS Group upgraded shares of GAP from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $41.00 in a research note on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.46.

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.