Crossmark Global Holdings Inc. Sells 217,268 Shares of The Gap, Inc. $GAP

Crossmark Global Holdings Inc. reduced its stake in The Gap, Inc. (NYSE:GAP - Free Report) by 24.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 682,993 shares of the company's stock after selling 217,268 shares during the quarter. Crossmark Global Holdings Inc. owned approximately 0.19% of GAP worth $15,600,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in GAP during the second quarter valued at about $428,824,000. Miller Howard Investments Inc. NY increased its position in GAP by 112.2% in the first quarter. Miller Howard Investments Inc. NY now owns 1,704,021 shares of the company's stock worth $41,237,000 after buying an additional 900,855 shares in the last quarter. Bank of America Corp DE purchased a new stake in GAP in the second quarter worth about $30,345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in GAP by 5.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 720,170 shares of the company's stock worth $13,453,000 after buying an additional 35,103 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of GAP in the second quarter worth about $12,794,000. 58.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Needham & Company LLC assumed coverage on GAP in a research note on Friday, October 16th. They issued a "hold" rating on the stock. Barclays boosted their price objective on GAP from $20.00 to $23.00 and gave the company an "equal weight" rating in a research note on Friday, August 28th. UBS Group boosted their price objective on GAP from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Friday, August 28th. TD Cowen increased their target price on shares of GAP from $23.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, August 28th. Finally, BTIG Research raised their target price on shares of GAP from $26.00 to $27.00 and gave the stock a "buy" rating in a research note on Friday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $27.07.

GAP Stock Down 3.1%

GAP opened at $22.74 on Thursday. 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 fifty-two week low of $18.11 and a fifty-two week high of $29.36. The firm's fifty day moving average is $21.87 and its 200 day moving average is $21.91. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 0.98 and a beta of 2.05.

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

GAP Dividend Announcement

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 $0.1750 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, October 7th. GAP's payout ratio is presently 20.90%.

Insider Activity

In other news, Director William Fisher sold 500,000 shares of the business's stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $23.89, for a total value of $11,945,000.00. Following the transaction, the director directly owned 15,903,198 shares in the company, valued at $379,927,400.22. The trade was a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Julie Gruber sold 27,538 shares of the business's stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $23.56, for a total value of $648,795.28. Following the completion of the transaction, the insider directly owned 30,876 shares in the company, valued at approximately $727,438.56. This represents a 47.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,027,538 shares of company stock worth $24,249,556 over the last 90 days. Company insiders own 31.00% of the company's stock.

About GAP

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. The Old Navy Global segment offers clothing and accessories for adults and children.

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