Strs Ohio Acquires New Position in The Gap, Inc. $GAP

Key Points

• Strs Ohio has invested $856,000 in The Gap, Inc., purchasing 41,546 shares in the first quarter.
• The company recently announced a quarterly dividend of $0.165 per share, with a yield of 3.0% for investors of record.
• GAP's stock price has seen a decrease of 3.2% and analysts suggest a consensus rating of "Hold" with an average target price of $25.47.

Strs Ohio acquired a new position in The Gap, Inc. (NYSE:GAP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 41,546 shares of the company's stock, valued at approximately $856,000.

Other institutional investors also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of GAP in the first quarter valued at approximately $7,207,000. Ameriprise Financial Inc. bought a new position in GAP during the first quarter valued at $63,674,000. Bank of New York Mellon Corp bought a new position in GAP during the first quarter valued at $56,763,000. Nisa Investment Advisors LLC bought a new position in GAP during the first quarter valued at $832,000. Finally, Russell Investments Group Ltd. bought a new position in GAP during the first quarter valued at $3,532,000. 58.81% of the stock is owned by institutional investors.

GAP Stock Performance

Shares of GAP traded down $0.74 during trading hours on Friday, reaching $22.28. 14,721,923 shares of the company traded hands, compared to its average volume of 11,975,007. The stock has a market capitalization of $8.27 billion, a P/E ratio of 9.52, a P/E/G ratio of 2.54 and a beta of 2.09. The company has a quick ratio of 0.96, a current ratio of 1.68 and a debt-to-equity ratio of 0.43. The Gap, Inc. has a 12-month low of $16.99 and a 12-month high of $29.29. The business has a fifty day moving average price of $21.38 and a 200-day moving average price of $21.81.

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

GAP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 8th will be given a $0.165 dividend. The ex-dividend date is Wednesday, October 8th. This represents a $0.66 annualized dividend and a dividend yield of 3.0%. GAP's dividend payout ratio (DPR) is 28.21%.

Wall Street Analyst Weigh In

GAP has been the subject of several research reports. UBS Group reduced their price objective on GAP from $27.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. The Goldman Sachs Group dropped their target price on GAP from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Citigroup restated a "neutral" rating and set a $22.00 target price (down previously from $30.00) on shares of GAP in a research report on Wednesday, August 20th. Morgan Stanley increased their target price on GAP from $27.00 to $28.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 16th. Finally, Zacks Research downgraded GAP from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 27th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $25.47.

Insiders Place Their Bets

In related news, Director William Sydney Fisher sold 243,064 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $23.82, for a total transaction of $5,789,784.48. Following the transaction, the director directly owned 3,453,453 shares in the company, valued at approximately $82,261,250.46. The trade was a 6.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 30.56% 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.