Eric Kayen Chan Sells 13,377 Shares of GAP (NYSE:GAP) Stock

Key Points

• Insider sale: Eric Kayen Chan sold 13,377 shares of Gap at an average price of $26.18 on April 10, receiving $350,210, and his holdings fell 37.85% to 21,967 shares (≈$575,096).
• Dividend increase: Gap raised its quarterly dividend to $0.175 (annualized $0.70) for a 2.8% yield, up from $0.17, with an ex-dividend date of April 8 and payment on April 29.
• Earnings and outlook: Gap reported Q (March 5) EPS of $0.45 (missing by $0.01) on $4.24B revenue (+2.1% YoY) and set FY2026 guidance of $2.20–$2.35 EPS; analysts’ consensus is a “Moderate Buy” with an average target of $30.62.

The Gap, Inc. (NYSE:GAP - Get Free Report) insider Eric Kayen Chan sold 13,377 shares of the stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $26.18, for a total value of $350,209.86. Following the transaction, the insider owned 21,967 shares of the company's stock, valued at approximately $575,096.06. The trade was a 37.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

GAP Stock Down 3.9%

Shares of NYSE:GAP traded down $1.03 during mid-day trading on Monday, reaching $25.27. 7,100,361 shares of the stock were exchanged, compared to its average volume of 8,127,184. The company has a quick ratio of 1.08, a current ratio of 1.75 and a debt-to-equity ratio of 0.39. The company has a market cap of $9.23 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.52 and a beta of 2.27. The Gap, Inc. has a one year low of $18.17 and a one year high of $29.36. The stock's 50 day simple moving average is $26.06 and its 200-day simple moving average is $25.27.

GAP (NYSE:GAP - Get Free Report) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). GAP had a net margin of 5.31% and a return on equity of 22.98%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same period last year, the company posted $0.54 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. As a group, equities research analysts predict that The Gap, Inc. will post 2.02 EPS for the current year.

GAP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 8th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 2.8%. This is a boost from GAP's previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, April 8th. GAP's payout ratio is currently 32.56%.

Institutional Trading of GAP

A number of hedge funds have recently made changes to their positions in GAP. Amundi acquired a new stake in shares of GAP in the first quarter valued at approximately $259,000. EverSource Wealth Advisors LLC lifted its position in shares of GAP by 177.0% in the second quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company's stock valued at $153,000 after buying an additional 4,483 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of GAP in the second quarter valued at approximately $612,000. California State Teachers Retirement System lifted its position in shares of GAP by 0.8% in the second quarter. California State Teachers Retirement System now owns 226,506 shares of the company's stock valued at $4,940,000 after buying an additional 1,703 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of GAP by 42.7% in the second quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company's stock valued at $96,134,000 after buying an additional 1,318,322 shares during the last quarter. 58.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GAP has been the subject of several recent research reports. Telsey Advisory Group increased their price target on GAP from $32.00 to $34.00 and gave the company an "outperform" rating in a research report on Monday, March 2nd. Weiss Ratings raised GAP from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, March 25th. Argus raised GAP to a "strong-buy" rating in a research report on Thursday, January 22nd. Zacks Research cut GAP from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. Finally, Wells Fargo & Company set a $30.00 price target on GAP and gave the company an "overweight" rating in a research report on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.62.

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.

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