245,630 Shares in The Gap, Inc. $GAP Acquired by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. has acquired a new investment in The Gap, Inc., purchasing 245,630 shares valued at approximately $5,062,000, which accounts for about 0.07% of the company's stock.
• Analysts have mixed views on GAP's stock, with JPMorgan raising its target price from $29.00 to $32.00, while Citigroup lowered its target from $30.00 to $22.00, reflecting a consensus rating of "Hold" and an average target price of $25.87.
• The Gap, Inc. recently announced a quarterly dividend of $0.165 per share, representing an annual yield of 3.0%, with an upcoming payment date of October 29th.

Corebridge Financial Inc. purchased a new position in shares of The Gap, Inc. (NYSE:GAP - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 245,630 shares of the company's stock, valued at approximately $5,062,000. Corebridge Financial Inc. owned approximately 0.07% of GAP at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Hexagon Capital Partners LLC acquired a new stake in GAP during the first quarter worth approximately $30,000. First Horizon Advisors Inc. acquired a new position in GAP in the 1st quarter valued at $75,000. Brooklyn Investment Group purchased a new position in shares of GAP during the 1st quarter worth $80,000. Deseret Mutual Benefit Administrators acquired a new stake in shares of GAP during the first quarter worth $81,000. Finally, Covestor Ltd purchased a new stake in shares of GAP in the first quarter valued at $82,000. Hedge funds and other institutional investors own 58.81% of the company's stock.

GAP Trading Up 5.2%

GAP traded up $1.18 during trading on Thursday, hitting $23.77. 9,397,780 shares of the company's stock were exchanged, compared to its average volume of 9,159,003. The Gap, Inc. has a 1 year low of $16.99 and a 1 year high of $29.29. The stock has a 50 day moving average price of $21.15 and a 200 day moving average price of $21.71. The firm has a market cap of $8.95 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 2.46 and a beta of 2.09. The company has a current ratio of 1.68, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43.

GAP (NYSE:GAP - Get Free Report) last issued its earnings results on Thursday, August 28th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.73 billion. GAP had a net margin of 5.86% and a return on equity of 27.04%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. GAP has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts expect that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 8th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $0.66 annualized dividend and a dividend yield of 2.8%. GAP's payout ratio is 28.21%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GAP shares. Evercore ISI increased their target price on GAP from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Wells Fargo & Company dropped their price objective on shares of GAP from $24.00 to $22.00 and set an "equal weight" rating for the company in a research note on Friday, August 29th. Barclays cut shares of GAP from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $24.00 to $19.00 in a research report on Friday, August 22nd. JPMorgan Chase & Co. boosted their target price on shares of GAP from $29.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group cut their price target on shares of GAP from $28.00 to $26.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $25.87.

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.