Robinhood Asset Management LLC Buys New Stake in The Gap, Inc. $GAP

Robinhood Asset Management LLC bought a new position in shares of The Gap, Inc. (NYSE:GAP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 337,917 shares of the company’s stock, valued at approximately $6,312,000.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in GAP in the 2nd quarter worth $428,824,000. Ameriprise Financial Inc. raised its position 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 buying an additional 1,318,322 shares during the last quarter. Miller Howard Investments Inc. NY lifted its stake in shares of GAP by 112.2% in the first quarter. Miller Howard Investments Inc. NY now owns 1,704,021 shares of the company’s stock valued at $41,237,000 after buying an additional 900,855 shares during the period. Jump Financial LLC lifted its stake 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 buying an additional 617,073 shares during the period. Finally, HS Management Partners LLC acquired a new stake in GAP during the second quarter worth about $7,453,000. 58.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GAP. BTIG Research set a $26.00 price objective on GAP in a research report on Thursday, July 30th. The Goldman Sachs Group reduced their target price on GAP from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday. Bank of America decreased their price target on shares of GAP from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $27.00 price target (down from $35.00) on shares of GAP in a report on Friday, May 29th. Finally, TD Cowen dropped their price objective on shares of GAP from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.29.

GAP Price Performance

GAP stock opened at $19.77 on Friday. The business’s fifty day moving average is $20.08 and its two-hundred day moving average is $23.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.81. The firm has a market cap of $7.12 billion, a P/E ratio of 7.78, a P/E/G ratio of 1.16 and a beta of 2.05. The Gap, Inc. has a 52 week low of $18.11 and a 52 week high of $29.36.

GAP (NYSE:GAP) last announced its earnings results on Thursday, May 28th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). GAP had a net margin of 6.25% and a return on equity of 21.13%. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter last year, the business posted $0.51 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. Equities research analysts forecast that The Gap, Inc. will post 2.33 earnings per share for the current fiscal year.

GAP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 3.5%. The ex-dividend date is Wednesday, October 7th. GAP’s dividend payout ratio (DPR) is presently 27.56%.

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.