GAP (NYSE:GAP) Director Sells 500,000 Shares of Company Stock

The Gap, Inc. (NYSE:GAP) Director William Sydney Fisher sold 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $23.89, for a total transaction of $11,945,000.00. Following the completion of the sale, the director directly owned 15,903,198 shares of the company’s stock, valued at $379,927,400.22. The trade was a 3.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

William Sydney Fisher also recently made the following trade(s):

• On Monday, October 5th, William Sydney Fisher sold 433,656 shares of GAP stock. The shares were sold at an average price of $23.35, for a total transaction of $10,125,867.60.
• On Wednesday, September 30th, William Sydney Fisher sold 66,344 shares of GAP stock. The stock was sold at an average price of $23.06, for a total transaction of $1,529,892.64.

GAP Stock Down 0.6%

Shares of GAP stock traded down $0.14 on Wednesday, reaching $23.65. 5,470,564 shares of the company were exchanged, compared to its average volume of 7,741,014. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 0.97 and a beta of 2.05. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The Gap, Inc. has a one year low of $18.11 and a one year high of $29.36. The company has a 50-day moving average of $21.30 and a 200 day moving average of $22.02.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly 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. On average, equities research analysts forecast that The Gap, Inc. will post 2.41 earnings per share for the current year.

GAP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be given a dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, October 7th. GAP’s payout ratio is 20.90%.

Analyst Ratings Changes

GAP has been the subject of several research analyst reports. BMO Capital Markets assumed coverage on GAP in a research note on Tuesday, September 8th. They set a “market perform” rating and a $23.00 target price for the company. BTIG Research upped their price objective on shares of GAP from $26.00 to $27.00 and gave the company a “buy” rating in a report on Friday, August 28th. Wells Fargo & Company increased their price objective on shares of GAP from $22.00 to $23.00 and gave the company a “cautious” rating in a research report on Friday, August 28th. TD Cowen lifted their target price 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, Barclays upped their price target on shares of GAP from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.07.

Institutional Trading of GAP

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

About GAP

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.