CX Institutional Buys 314,893 Shares of The Gap, Inc. $GAP

Key Points

• CX Institutional acquired 314,893 Gap shares worth approximately $7.2 million, while institutional investors collectively own 58.81% of the company.
• Analyst sentiment remains mixed: Gap has an overall “Hold” consensus rating and a $27.07 average price target, with recent firms both raising targets and downgrading the stock.
• Gap beat quarterly EPS estimates, reporting $0.52 versus $0.48 expected, but revenue fell 2% year over year to $3.65 billion. The company declared a quarterly dividend of $0.175 per share, representing a 3.1% annualized yield.

CX Institutional acquired a new position in shares of The Gap, Inc. (NYSE:GAP - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 314,893 shares of the company's stock, valued at approximately $7,192,000. CX Institutional owned about 0.09% of GAP at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of GAP in the second quarter valued at about $428,824,000. Geode Capital Management LLC lifted its position in shares of GAP by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 4,291,846 shares of the company's stock worth $110,750,000 after purchasing an additional 14,141 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of GAP by 13.0% during the fourth quarter. Bank of New York Mellon Corp now owns 3,195,934 shares of the company's stock valued at $81,816,000 after purchasing an additional 368,191 shares during the last quarter. Miller Howard Investments Inc. NY grew its stake in shares of GAP by 112.2% during the first quarter. Miller Howard Investments Inc. NY now owns 1,704,021 shares of the company's stock valued at $41,237,000 after purchasing an additional 900,855 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of GAP in the second quarter valued at approximately $30,345,000. 58.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GAP. Jefferies Financial Group cut shares of GAP from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $29.00 to $23.00 in a research report on Wednesday, August 12th. Wells Fargo & Company increased their price objective on GAP from $22.00 to $23.00 and gave the company a "cautious" rating in a research report on Friday, August 28th. Weiss Ratings cut GAP from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. The Goldman Sachs Group boosted their target price on GAP from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Monday, August 31st. Finally, TD Cowen upped their price target on GAP from $23.00 to $27.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $27.07.

Insider Activity

In other news, Director William Sydney Fisher sold 66,344 shares of the business's stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $23.06, for a total transaction of $1,529,892.64. Following the completion of the sale, the director owned 16,336,854 shares in the company, valued at $376,727,853.24. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 31.00% of the stock is currently owned by corporate insiders.

GAP Stock Performance

NYSE GAP opened at $22.53 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The firm's fifty day moving average price is $21.15 and its two-hundred day moving average price is $22.03. The Gap, Inc. has a 1 year low of $18.11 and a 1 year high of $29.36. The firm has a market capitalization of $7.91 billion, a P/E ratio of 6.73, a price-to-earnings-growth ratio of 0.95 and a beta of 2.05.

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. GAP had a net margin of 8.14% and a return on equity of 19.72%. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the business earned $0.57 EPS. GAP's revenue for the quarter was down 2.0% compared to the same quarter last year. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, research analysts anticipate that The Gap, Inc. will post 2.41 EPS for the current year.

GAP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, October 7th. GAP's dividend payout ratio (DPR) is currently 20.90%.

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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