Eric Kayen Chan Sells 13,377 Shares of GAP (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) insider Eric Kayen Chan sold 13,377 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $26.18, for a total value of $350,209.86. Following the completion of the transaction, the insider directly owned 21,967 shares of the company’s stock, valued at approximately $575,096.06. This trade represents a 37.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

GAP Stock Performance

Shares of GAP stock opened at $24.94 on Wednesday. The stock has a market cap of $9.11 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 1.46 and a beta of 2.27. The business has a 50-day simple moving average of $25.92 and a 200-day simple moving average of $25.31. The company has a quick ratio of 1.08, a current ratio of 1.75 and a debt-to-equity ratio of 0.39. The Gap, Inc. has a 52-week low of $18.17 and a 52-week high of $29.36.

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

GAP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 8th will be issued a $0.175 dividend. This is a boost from GAP’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $0.70 annualized dividend and a dividend yield of 2.8%. GAP’s payout ratio is presently 32.56%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on GAP from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. Zacks Research cut GAP from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Robert W. Baird set a $33.00 target price on GAP and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Citigroup upped their target price on GAP from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Finally, Weiss Ratings raised GAP from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, GAP presently has a consensus rating of “Moderate Buy” and an average target price of $30.62.

Hedge Funds Weigh In On GAP

A number of hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. grew its position in shares of GAP by 42.7% in the second quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company’s stock valued at $96,134,000 after purchasing an additional 1,318,322 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new stake in shares of GAP in the fourth quarter valued at approximately $20,561,000. Jump Financial LLC grew its position in shares of GAP by 2,197.8% in the third quarter. Jump Financial LLC now owns 645,150 shares of the company’s stock valued at $13,800,000 after purchasing an additional 617,073 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of GAP by 13.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,195,934 shares of the company’s stock valued at $81,816,000 after purchasing an additional 368,191 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of GAP in the third quarter valued at approximately $6,053,000. Institutional investors and hedge funds own 58.81% of the company’s stock.

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.