Wealthfront Advisers LLC Takes Position in The Gap, Inc. $GAP

Wealthfront Advisers LLC acquired a new position in The Gap, Inc. (NYSE:GAP) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 70,845 shares of the company’s stock, valued at approximately $1,323,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GAP. Cullen Frost Bankers Inc. bought a new position in GAP during the fourth quarter worth $26,000. Plato Investment Management Ltd bought a new stake in GAP in the 4th quarter valued at $28,000. Global Retirement Partners LLC acquired a new stake in GAP in the 2nd quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in GAP in the 2nd quarter worth $50,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of GAP by 177.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock worth $153,000 after purchasing an additional 4,483 shares during the period. Institutional investors own 58.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GAP shares. Evercore set a $20.00 price objective on shares of GAP and gave the company an “in-line” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $27.00 target price (down from $35.00) on shares of GAP in a research report on Friday, May 29th. Jefferies Financial Group lowered GAP from a “buy” rating to a “hold” rating and lowered their price target for the company from $29.00 to $23.00 in a research note on Wednesday, August 12th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $22.00 price target (down from $26.00) on shares of GAP in a report on Friday, August 7th. Finally, Weiss Ratings cut GAP from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.29.

GAP Stock Up 0.6%

GAP opened at $19.77 on Friday. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.08. The firm’s fifty day moving average price is $20.08 and its two-hundred day moving average price is $23.14. The Gap, Inc. has a fifty-two week low of $18.11 and a fifty-two week high of $29.36.

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

GAP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $0.70 dividend on an annualized basis and a yield of 3.5%. GAP’s payout ratio is presently 27.56%.

About GAP

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.