Quent Capital LLC lifted its position in The Gap, Inc. (NYSE:GAP – Free Report) by 1,900.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 21,202 shares of the company’s stock after acquiring an additional 20,142 shares during the period. Quent Capital LLC’s holdings in GAP were worth $543,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in GAP. Amundi bought a new stake in shares of GAP in the 1st quarter worth about $259,000. EverSource Wealth Advisors LLC lifted its holdings in shares of GAP by 177.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock worth $153,000 after acquiring an additional 4,483 shares during the last quarter. Jump Financial LLC bought a new stake in shares of GAP in the 2nd quarter worth about $612,000. California State Teachers Retirement System lifted its holdings in shares of GAP by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 226,506 shares of the company’s stock worth $4,940,000 after acquiring an additional 1,703 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of GAP by 42.7% in the 2nd 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 last quarter. Institutional investors own 58.81% of the company’s stock.
GAP Trading Down 0.1%
NYSE GAP opened at $24.97 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.08 and a current ratio of 1.75. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.45 and a beta of 2.27. The company’s 50-day simple moving average is $25.62 and its two-hundred day simple moving average is $25.58. The Gap, Inc. has a one year low of $18.68 and a one year high of $29.36.
GAP Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th will be given a dividend of $0.175 per share. This is a positive change 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 dividend on an annualized basis and a yield of 2.8%. GAP’s payout ratio is 32.56%.
Insider Buying and Selling at GAP
In other GAP news, CFO Katrina O’connell sold 153,413 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $23.85, for a total transaction of $3,658,900.05. Following the transaction, the chief financial officer owned 11,503 shares of the company’s stock, valued at approximately $274,346.55. This trade represents a 93.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Horacio Barbeito sold 113,684 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $24.01, for a total transaction of $2,729,552.84. Following the transaction, the chief executive officer directly owned 115,024 shares in the company, valued at $2,761,726.24. This trade represents a 49.71% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 923,098 shares of company stock worth $22,648,158. 31.00% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. UBS Group upgraded shares of GAP from a “neutral” rating to a “buy” rating and raised their target price for the stock from $26.00 to $41.00 in a report on Wednesday, January 7th. JPMorgan Chase & Co. lifted their price objective on shares of GAP from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 20th. Zacks Research lowered shares of GAP from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings upgraded shares of GAP from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 25th. Finally, The Goldman Sachs Group lifted their price objective on shares of GAP from $29.00 to $32.00 and gave the company a “buy” rating in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.62.
Get Our Latest Stock Report on GAP
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.
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