The Gap, Inc. $GAP Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its GAP stake by 84.7% in the second quarter, selling 463,787 shares and retaining 83,912 shares valued at approximately $1.57 million. Institutional investors and hedge funds collectively own 58.81% of the company.
• Analyst sentiment remains mixed: Goldman Sachs and UBS raised their price targets and maintained buy ratings, while Jefferies downgraded the stock to hold. GAP has an overall “Hold” rating and an average target price of $27.07.
• GAP beat quarterly earnings estimates with EPS of $0.52 versus $0.48 expected, although revenue fell 2% year over year to $3.65 billion. The company declared a quarterly dividend of $0.175, equivalent to a 3.2% annualized yield.

Corient Private Wealth LP reduced its position in shares of The Gap, Inc. (NYSE:GAP - Free Report) by 84.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 83,912 shares of the company's stock after selling 463,787 shares during the quarter. Corient Private Wealth LP's holdings in GAP were worth $1,567,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Amundi raised its holdings in GAP by 3.6% during the second quarter. Amundi now owns 49,008 shares of the company's stock worth $916,000 after buying an additional 1,723 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of GAP in the 2nd quarter worth about $478,000. HB Wealth Management LLC lifted its position in GAP by 59.8% in the 2nd quarter. HB Wealth Management LLC now owns 22,652 shares of the company's stock valued at $423,000 after acquiring an additional 8,477 shares in the last quarter. Angeles Wealth Management LLC acquired a new position in GAP during the 2nd quarter valued at about $468,000. Finally, AlphaGrep UK Ltd acquired a new position in GAP during the 2nd quarter valued at about $793,000. 58.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GAP shares. The Goldman Sachs Group raised their target price on GAP from $25.00 to $27.00 and gave the company a "buy" rating in a report on Monday, August 31st. Jefferies Financial Group downgraded GAP from a "buy" rating to a "hold" rating and decreased their price target for the stock from $29.00 to $23.00 in a report on Wednesday, August 12th. Morgan Stanley increased their price target on GAP from $21.00 to $23.00 and gave the company an "equal weight" rating in a research report on Friday, August 28th. UBS Group raised their price objective on GAP from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Finally, Barclays lifted their price objective on shares of GAP from $20.00 to $23.00 and gave the stock an "equal weight" rating in a report on Friday, August 28th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, GAP currently has an average rating of "Hold" and an average target price of $27.07.

GAP Stock Performance

Shares of GAP stock opened at $21.67 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.82. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 6.47, a P/E/G ratio of 0.90 and a beta of 2.08. The Gap, Inc. has a 52 week low of $18.11 and a 52 week high of $29.36. The firm's 50-day simple moving average is $20.77 and its two-hundred day simple moving average is $22.04.

GAP (NYSE:GAP - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. GAP had a net margin of 8.14% and a return on equity of 19.72%. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the firm earned $0.57 EPS. The company's revenue 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, equities analysts forecast that The Gap, Inc. will post 2.41 earnings per share for the current year.

GAP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be issued a $0.1750 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $0.70 annualized dividend and a yield of 3.2%. GAP's dividend payout ratio (DPR) is 20.90%.

GAP Profile

Gap Inc is an American specialty apparel retailer founded in 1969 by Donald and Doris Fisher in San Francisco, California. The company operates a portfolio of consumer brands focused on clothing, accessories and personal-care products for women, men and children.

Its principal brands include Old Navy, Gap, Banana Republic and Athleta. Products are sold through company-operated stores, franchise locations and digital channels, with offerings spanning casual apparel, denim, activewear, accessories and lifestyle products.

Gap Inc serves customers in North America and selected international markets through its retail and e-commerce operations.

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