Beacon Pointe Advisors LLC acquired a new stake in The Gap, Inc. (NYSE:GAP - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 47,464 shares of the company's stock, valued at approximately $887,000.
A number of other large investors have also bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new stake in shares of 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 bought a new stake in GAP in the 2nd quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in GAP in the 2nd quarter worth $50,000. Finally, Quantbot Technologies LP acquired a new position in GAP in the 2nd quarter worth $73,000. 58.81% of the stock is owned by institutional investors.
GAP Stock Performance
Shares of NYSE GAP opened at $22.34 on Tuesday. The stock has a market capitalization of $8.04 billion, a PE ratio of 6.67, a price-to-earnings-growth ratio of 1.36 and a beta of 2.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.82. The Gap, Inc. has a 52 week low of $18.11 and a 52 week high of $29.36. The stock has a 50 day moving average price of $20.09 and a 200 day moving average price of $22.80.
GAP (NYSE:GAP - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.69 billion. GAP had a net margin of 8.14% and a return on equity of 19.72%. GAP's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. Analysts predict that The Gap, Inc. will post 2.38 earnings per share for the current fiscal year.
GAP Dividend Announcement
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 issued a dividend of $0.175 per share. 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 3.1%. GAP's payout ratio is presently 20.90%.
Analyst Ratings Changes
Several analysts have issued reports on the company. TD Cowen lifted their price target on GAP from $23.00 to $27.00 and gave the company a "buy" rating in a research note on Friday. Bank of America upped their price objective on GAP from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Friday. UBS Group increased their price objective on GAP from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Friday. Barclays lifted their target price on GAP from $20.00 to $23.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Weiss Ratings cut GAP from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $27.36.
Get Our Latest Analysis on GAP
GAP Company Profile
(
Free Report)
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.
Further Reading
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