GAP (NYSE:GAP) Insider Julie Gruber Sells 5,302 Shares

The Gap, Inc. (NYSE:GAP) insider Julie Gruber sold 5,302 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $27.00, for a total value of $143,154.00. Following the completion of the sale, the insider owned 58,414 shares of the company’s stock, valued at $1,577,178. This trade represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Julie Gruber also recently made the following trade(s):

• On Tuesday, March 17th, Julie Gruber sold 74,217 shares of GAP stock. The shares were sold at an average price of $23.85, for a total value of $1,770,075.45.

GAP Price Performance

Shares of NYSE GAP opened at $27.29 on Tuesday. The Gap, Inc. has a twelve month low of $18.47 and a twelve month high of $29.36. 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 company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 1.57 and a beta of 2.27. The business has a 50 day simple moving average of $25.77 and a 200-day simple moving average of $25.45.

GAP (NYSE:GAP) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). GAP had a net margin of 5.31% and a return on equity of 22.98%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter last year, the firm posted $0.54 earnings per share. GAP’s revenue was up 2.1% compared to the same quarter last year. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. As a group, equities research analysts expect that The Gap, Inc. will post 2.3 earnings per share for the current year.

GAP Increases Dividend

The firm also recently declared 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 2.6%. GAP’s dividend payout ratio (DPR) is presently 32.56%.

Institutional Investors Weigh In On GAP

A number of hedge funds have recently made changes to their positions in GAP. Amundi bought a new stake in shares of GAP during the first quarter valued at approximately $259,000. EverSource Wealth Advisors LLC raised its stake 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 purchasing an additional 4,483 shares in the last quarter. Jump Financial LLC bought a new stake in shares of GAP during the second quarter valued at about $612,000. California State Teachers Retirement System raised its stake in shares of GAP by 0.8% during the second quarter. California State Teachers Retirement System now owns 226,506 shares of the company’s stock valued at $4,940,000 after purchasing an additional 1,703 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of GAP by 42.7% during 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. Institutional investors own 58.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GAP. The Goldman Sachs Group lifted their price target on shares of GAP from $29.00 to $32.00 and gave the company a “buy” rating in a report on Friday, January 30th. Telsey Advisory Group boosted their price objective on GAP from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. boosted their price objective on GAP from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. UBS Group upgraded GAP from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $41.00 in a research report on Wednesday, January 7th. Finally, Argus upgraded GAP to a “strong-buy” rating in a research report on Thursday, January 22nd. Two 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, the company currently has an average rating of “Moderate Buy” and an average price target of $30.62.

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.