Ieq Capital LLC Takes Position in The Gap, Inc. $GAP

Key Points

• Ieq Capital LLC purchased 584,106 shares of Gap Inc. in the second quarter, valued at approximately $10.9 million and representing a 0.16% stake. Institutional investors collectively own 58.81% of the company.
• Analyst sentiment remains cautiously positive, with Gap holding a “Moderate Buy” consensus rating and an average price target of $26.29. However, several firms recently lowered their targets, and Jefferies downgraded the stock to “Hold.”
• Gap shares opened at $19.77, near their 52-week low, after the company slightly missed quarterly earnings and revenue expectations. The company maintained a quarterly dividend of $0.175 per share, equivalent to a 3.5% annualized yield.

Ieq Capital LLC purchased a new stake in The Gap, Inc. (NYSE:GAP - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 584,106 shares of the company's stock, valued at approximately $10,911,000. Ieq Capital LLC owned 0.16% of GAP as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of GAP. Amundi bought a new stake in GAP during the 1st quarter valued at $259,000. EverSource Wealth Advisors LLC grew its position in shares of GAP by 177.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company's stock worth $153,000 after buying an additional 4,483 shares in the last quarter. Jump Financial LLC bought a new position in shares of GAP during the 2nd quarter worth $612,000. California State Teachers Retirement System increased its stake in shares of GAP by 0.8% during the second quarter. California State Teachers Retirement System now owns 226,506 shares of the company's stock valued at $4,940,000 after buying an additional 1,703 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of GAP by 42.7% during the second quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company's stock valued at $96,134,000 after buying an additional 1,318,322 shares during the period. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on GAP shares. The Goldman Sachs Group lowered their price objective on shares of GAP from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $27.00 target price (down from $35.00) on shares of GAP in a report on Friday, May 29th. Bank of America cut their target price on shares of GAP from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, May 29th. Evercore set a $20.00 price target on shares of GAP and gave the stock an "in-line" rating in a research report on Friday, May 29th. Finally, Jefferies Financial Group downgraded shares of GAP from a "buy" rating to a "hold" rating and dropped their price objective for the company from $29.00 to $23.00 in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, GAP presently has an average rating of "Moderate Buy" and an average target price of $26.29.

GAP Price Performance

Shares of NYSE GAP opened at $19.77 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.81. The company has a market cap of $7.12 billion, a PE ratio of 7.78, a P/E/G ratio of 1.17 and a beta of 2.05. The business has a 50-day simple moving average of $20.08 and a two-hundred day simple moving average of $23.14. The Gap, Inc. has a fifty-two week low of $18.11 and a fifty-two week high of $29.36.

GAP (NYSE:GAP - Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.52 billion. GAP had a net margin of 6.25% and a return on equity of 21.13%. The business's revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. As a group, equities analysts expect that The Gap, Inc. will post 2.33 EPS for the current fiscal year.

GAP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders 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 3.5%. GAP's payout ratio is 27.56%.

GAP Profile

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.

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