Pacer Advisors Inc. Lowers Stock Position in The Gap, Inc. $GAP

Key Points

• Pacer Advisors cut its Gap position by 86% in the first quarter, selling 163,922 shares and retaining 26,757 shares valued at approximately $648,000. Institutional investors collectively own 58.81% of GAP.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $27.57, though several firms recently lowered their targets to between $21 and $27.
• GAP shares opened at $21.47, up 4.9%, while the company’s latest quarterly results slightly missed expectations: EPS was $0.38 versus $0.39 forecast, and revenue reached $3.50 billion.

Pacer Advisors Inc. decreased its position in The Gap, Inc. (NYSE:GAP - Free Report) by 86.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,757 shares of the company's stock after selling 163,922 shares during the period. Pacer Advisors Inc.'s holdings in GAP were worth $648,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GAP. Cullen Frost Bankers Inc. purchased a new stake in shares of GAP during the 4th quarter worth about $26,000. Plato Investment Management Ltd purchased a new position in shares of GAP in the 4th quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new position in GAP in the 4th quarter worth about $31,000. EverSource Wealth Advisors LLC raised its holdings in GAP by 177.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company's stock worth $153,000 after purchasing an additional 4,483 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new position in GAP during the fourth quarter worth approximately $203,000. Institutional investors and hedge funds own 58.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BTIG Research set a $26.00 price objective on GAP in a research report on Thursday, July 30th. Morgan Stanley reiterated an "equal weight" rating and set a $21.00 target price on shares of GAP in a research report on Monday, July 6th. TD Cowen dropped their price target on shares of GAP from $32.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, May 18th. Bank of America cut their price target on shares of GAP from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $27.00 price objective (down from $35.00) on shares of GAP in a report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, GAP currently has a consensus rating of "Moderate Buy" and an average target price of $27.57.

GAP Stock Up 4.9%

NYSE GAP opened at $21.47 on Tuesday. The business has a fifty day moving average price of $20.31 and a 200 day moving average price of $23.55. 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 $7.73 billion, a P/E ratio of 8.45, a P/E/G ratio of 1.21 and a beta of 2.05. The Gap, Inc. has a one year low of $18.11 and a one year high of $29.36.

GAP (NYSE:GAP - Get Free Report) last announced its earnings results 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 business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.52 billion. GAP had a return on equity of 21.13% and a net margin of 6.25%.The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. Research analysts anticipate that The Gap, Inc. will post 2.34 EPS for the current fiscal year.

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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