The Gap, Inc. (NYSE:GAP - Get Free Report) CEO Horacio Barbeito sold 113,684 shares of the firm's stock in a transaction on Friday, March 20th. The stock was sold at an average price of $24.01, for a total transaction of $2,729,552.84. Following the completion of the transaction, the chief executive officer directly owned 115,024 shares of the company's stock, valued at approximately $2,761,726.24. This represents a 49.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
GAP Trading Up 3.3%
NYSE:GAP opened at $24.69 on Tuesday. The company has a market capitalization of $9.20 billion, a P/E ratio of 11.48, a PEG ratio of 1.38 and a beta of 2.29. 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. The firm has a fifty day simple moving average of $26.62 and a 200-day simple moving average of $25.10.
GAP (NYSE:GAP - Get Free Report) last released its earnings results 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 firm 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%. GAP's revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. On average, equities research analysts anticipate that The Gap, Inc. will post 2.02 earnings per share for the current year.
GAP Increases Dividend
The company 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. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, April 8th. GAP's dividend payout ratio is currently 30.70%.
Analysts Set New Price Targets
GAP has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on GAP from $33.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday. UBS Group upgraded shares of GAP from a "neutral" rating to a "buy" rating and increased their price target for the stock from $26.00 to $41.00 in a report on Wednesday, January 7th. Citigroup raised their price target on shares of GAP from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Friday, March 6th. Zacks Research downgraded shares of GAP from a "strong-buy" rating to a "hold" rating in a report on Monday, February 2nd. Finally, Wells Fargo & Company set a $30.00 price objective on shares of GAP and gave the stock an "overweight" rating in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $30.62.
Read Our Latest Stock Analysis on GAP
Institutional Trading of GAP
Hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its holdings in GAP by 42.7% during the second quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company's stock worth $96,134,000 after acquiring an additional 1,318,322 shares during the period. Miller Howard Investments Inc. NY acquired a new position in GAP in the fourth quarter valued at approximately $20,561,000. Jump Financial LLC boosted its position in GAP by 2,197.8% in the 3rd quarter. Jump Financial LLC now owns 645,150 shares of the company's stock worth $13,800,000 after purchasing an additional 617,073 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of GAP by 13.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,195,934 shares of the company's stock worth $81,816,000 after purchasing an additional 368,191 shares during the period. Finally, CX Institutional acquired a new stake in shares of GAP during the 3rd quarter worth approximately $6,053,000. Hedge funds and other institutional investors own 58.81% of the company's stock.
GAP Company Profile
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Get Free Report)
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.
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