Ameriprise Financial Inc. Invests $63.67 Million in The Gap, Inc. $GAP

Key Points

• Ameriprise Financial Inc. invested approximately $63.67 million in The Gap, Inc. by buying over 3 million shares during the first quarter, increasing their stake to 0.82%.
• Recent analyst ratings for GAP have fluctuated; Bank of America lowered its price target to $21.00 while Jefferies Financial Group raised theirs to $29.00, with the average rating currently at "Hold."
• The Gap announced a quarterly dividend of $0.165 per share, resulting in a dividend yield of 3.1%, to be paid on October 29th to investors of record by October 8th.

Ameriprise Financial Inc. acquired a new position in The Gap, Inc. (NYSE:GAP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,089,487 shares of the company's stock, valued at approximately $63,674,000. Ameriprise Financial Inc. owned 0.82% of GAP at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GAP. California State Teachers Retirement System bought a new position in shares of GAP in the 4th quarter worth approximately $4,953,000. GAMMA Investing LLC purchased a new stake in GAP in the first quarter worth $1,971,000. Rhumbline Advisers bought a new position in GAP in the first quarter worth $12,210,000. SG Americas Securities LLC bought a new position in GAP in the first quarter worth $3,519,000. Finally, Handelsbanken Fonder AB purchased a new position in GAP during the first quarter valued at $1,107,000. 58.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GAP shares. Jefferies Financial Group reaffirmed a "hold" rating and issued a $29.00 target price (up from $26.00) on shares of GAP in a research report on Wednesday, May 21st. Telsey Advisory Group cut their price objective on shares of GAP from $26.00 to $24.00 and set a "market perform" rating on the stock in a report on Monday, August 25th. JPMorgan Chase & Co. raised their target price on shares of GAP from $29.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday. UBS Group dropped their price target on GAP from $27.00 to $23.00 and set a "neutral" rating on the stock in a research report on Friday, August 22nd. Finally, Bank of America raised their price objective on GAP from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, GAP presently has an average rating of "Hold" and an average target price of $25.87.

GAP Stock Up 1.6%

Shares of GAP stock traded up $0.34 on Friday, reaching $22.02. The company's stock had a trading volume of 26,895,383 shares, compared to its average volume of 8,787,238. The Gap, Inc. has a 52 week low of $16.99 and a 52 week high of $29.29. The firm's fifty day simple moving average is $21.09 and its two-hundred day simple moving average is $21.72. The company has a quick ratio of 0.98, a current ratio of 1.71 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of 9.41, a P/E/G ratio of 2.40 and a beta of 2.15.

GAP (NYSE:GAP - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. GAP had a return on equity of 27.44% and a net margin of 5.86%.The company had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same period last year, the firm posted $0.54 earnings per share. GAP's revenue was up .1% compared to the same quarter last year. GAP has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate that The Gap, Inc. will post 2.02 earnings per share for the current year.

GAP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 8th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, October 8th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.0%. GAP's payout ratio is currently 28.57%.

GAP Profile

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.