The Gap, Inc. $GAP Shares Acquired by FNY Investment Advisers LLC

Key Points

• FNY Investment Advisers LLC significantly increased its stake in The Gap, Inc. by 730.1% during the second quarter, owning 37,041 shares worth $807,000.
• Directors Robert J. Fisher and William Sydney Fisher sold 500,000 and 200,000 shares respectively, corresponding to a 15.02% and 5.79% decrease in their holdings.
• Analysts expressed mixed views on GAP, with Citigroup lowering its price target to $22.00 while JPMorgan Chase raised it to $32.00, reflecting a consensus rating of "Hold."

FNY Investment Advisers LLC increased its holdings in shares of The Gap, Inc. (NYSE:GAP - Free Report) by 730.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,041 shares of the company's stock after acquiring an additional 32,579 shares during the quarter. FNY Investment Advisers LLC's holdings in GAP were worth $807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GAP. GAMMA Investing LLC acquired a new position in GAP during the first quarter worth about $96,000. New York State Teachers Retirement System acquired a new position in GAP during the first quarter worth about $5,065,000. Deseret Mutual Benefit Administrators acquired a new position in GAP during the first quarter worth about $81,000. First Horizon Advisors Inc. acquired a new position in GAP during the first quarter worth about $75,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in GAP during the first quarter worth about $932,000. 58.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert J. Fisher sold 500,000 shares of the business's stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $22.90, for a total value of $11,450,000.00. Following the sale, the director directly owned 2,829,502 shares of the company's stock, valued at approximately $64,795,595.80. The trade was a 15.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Sydney Fisher sold 200,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $23.86, for a total transaction of $4,772,000.00. Following the completion of the sale, the director directly owned 3,253,453 shares in the company, valued at $77,627,388.58. This trade represents a 5.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 943,064 shares of company stock worth $22,011,784 over the last three months. Insiders own 31.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on GAP. Citigroup restated a "neutral" rating and set a $22.00 price target (down from $30.00) on shares of GAP in a research report on Wednesday, August 20th. Zacks Research upgraded shares of GAP from a "strong sell" rating to a "hold" rating in a research report on Monday. JPMorgan Chase & Co. boosted their target price on shares of GAP from $29.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Evercore ISI boosted their target price on shares of GAP from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Finally, Wall Street Zen lowered shares of GAP from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Seven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, GAP currently has an average rating of "Hold" and a consensus target price of $25.75.

GAP Price Performance

GAP stock opened at $22.21 on Wednesday. The company's 50 day simple moving average is $21.97 and its 200-day simple moving average is $21.93. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 2.51 and a beta of 2.10. The Gap, Inc. has a 1 year low of $16.99 and a 1 year high of $29.29. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 1.68.

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

GAP Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.