Insider Selling: GAP (NYSE:GAP) Director Sells $1,529,892.64 in Stock

The Gap, Inc. (NYSE:GAP) Director William Sydney Fisher sold 66,344 shares of GAP stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $23.06, for a total transaction of $1,529,892.64. Following the completion of the sale, the director directly owned 16,336,854 shares in the company, valued at approximately $376,727,853.24. The trade was a 0.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

GAP Trading Down 0.9%

Shares of GAP stock opened at $22.53 on Friday. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.94 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. The company’s 50-day simple moving average is $21.15 and its 200-day simple moving average is $22.03. The company has a quick ratio of 1.11, a current ratio of 1.82 and a debt-to-equity ratio of 0.38.

GAP (NYSE:GAP) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. GAP had a net margin of 8.14% and a return on equity of 19.72%. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, equities research analysts anticipate that The Gap, Inc. will post 2.41 earnings per share for the current year.

GAP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be issued a dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, October 7th. GAP’s dividend payout ratio is currently 20.90%.

Wall Street Analysts Forecast Growth

GAP has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of GAP from $22.00 to $23.00 and gave the stock a “cautious” rating in a research report on Friday, August 28th. The Goldman Sachs Group increased their price target on shares of GAP from $25.00 to $27.00 and gave the company a “buy” rating in a report on Monday, August 31st. Weiss Ratings cut shares of GAP from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. TD Cowen boosted their price objective on shares of GAP from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Finally, Bank of America upped their target price on shares of GAP from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.07.

Institutional Trading of GAP

Large investors have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in shares of GAP during the 2nd quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in GAP during the 2nd quarter valued at about $50,000. Quantbot Technologies LP acquired a new position in GAP during the second quarter worth about $73,000. Westpac Banking Corp purchased a new stake in shares of GAP in the second quarter valued at about $103,000. Finally, Nykredit A S purchased a new stake in shares of GAP in the second quarter valued at about $129,000. Institutional investors and hedge funds own 58.81% of the company’s stock.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections. The Old Navy Global segment offers clothing and accessories for adults and children.