GAP (NYSE:GAP) Stock Sold Off Rep. Kevin Hern

Key Points

• Rep. Kevin Hern sold Gap shares valued between $1,001 and $15,000 on August 13 from his traditional IRA, alongside several other stock sales in August.
• Gap reported quarterly EPS of $0.52, beating estimates of $0.48, but revenue fell 2% year over year to $3.65 billion and missed expectations. The company reaffirmed fiscal 2026 EPS guidance of $2.35–$2.45.
• Gap declared a quarterly dividend of $0.175, equivalent to $0.70 annually and a 3.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $27.36.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of The Gap, Inc. NYSE: GAP. In a filing disclosed on September 01st, the Representative disclosed that they had sold between $1,001 and $15,000 in GAP stock on August 13th. The trade occurred in the Representative's "KEVIN HERN TRADITIONAL IRA" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 8/24/2026.
• Sold $15,001 - $50,000 in shares of Medtronic NYSE: MDT on 8/24/2026.
• Sold $50,001 - $100,000 in shares of Home Depot NYSE: HD on 8/24/2026.
• Sold $50,001 - $100,000 in shares of Procter & Gamble NYSE: PG on 8/24/2026.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 8/24/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/21/2026.
• Sold $1,001 - $15,000 in shares of Veralto NYSE: VLTO on 8/21/2026.
• Sold $15,001 - $50,000 in shares of Honeywell Aerospace NASDAQ: HONA on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Colgate-Palmolive NYSE: CL on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Biogen NASDAQ: BIIB on 8/18/2026.

GAP Stock Performance

GAP stock opened at $22.07 on Thursday. The stock has a fifty day moving average price of $20.15 and a 200 day moving average price of $22.73. The Gap, Inc. has a 52 week low of $18.11 and a 52 week high of $29.36. The firm has a market capitalization of $7.75 billion, a P/E ratio of 6.59, a PEG ratio of 0.93 and a beta of 2.08. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38.

GAP (NYSE:GAP - Get Free Report) last posted 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. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.69 billion. GAP had a net margin of 8.14% and a return on equity of 19.72%. The company's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 EPS. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. Equities research analysts anticipate that The Gap, Inc. will post 2.41 earnings per share for the current year.

GAP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be given 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 dividend yield of 3.2%. GAP's payout ratio is currently 20.90%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in GAP during the 2nd quarter worth $428,824,000. California State Teachers Retirement System boosted its position in GAP by 1,732.5% in the 2nd quarter. California State Teachers Retirement System now owns 5,116,415 shares of the company's stock valued at $95,575,000 after buying an additional 4,837,214 shares during the last quarter. Bank of America Corp DE purchased a new position in GAP in the 2nd quarter valued at about $30,345,000. Ameriprise Financial Inc. grew its stake 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 acquiring an additional 1,318,322 shares in the last quarter. Finally, Miller Howard Investments Inc. NY grew its stake in shares of GAP by 112.2% during 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 acquiring an additional 900,855 shares in the last quarter. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GAP. Evercore set a $20.00 price objective on shares of GAP and gave the stock an "in-line" rating in a research note on Friday, May 29th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $27.00 price target (down from $35.00) on shares of GAP in a research report on Friday, May 29th. Jefferies Financial Group downgraded 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 report on Wednesday, August 12th. Morgan Stanley raised their price objective on GAP from $21.00 to $23.00 and gave the company an "equal weight" rating in a research report on Friday, August 28th. Finally, The Goldman Sachs Group boosted their price objective on GAP from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, GAP currently has a consensus rating of "Hold" and a consensus price target of $27.36.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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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