United Services Automobile Association Acquires New Holdings in The Gap, Inc. $GAP

Key Points

• United Services Automobile Association has purchased a stake in The Gap, Inc., acquiring 14,456 shares valued at approximately $295,000 during the 1st quarter of the year.
• Director William Sydney Fisher sold 243,064 shares of GAP stock, valued at nearly $5.79 million, indicating a decrease of 6.58% in their position.
• Analysts have mixed opinions on GAP's stock, with six rating it as a Buy and one as a Sell, while the average price target is set at $25.40, following various adjustments by firms such as Goldman Sachs and JPMorgan.

United Services Automobile Association bought a new position in shares of The Gap, Inc. (NYSE:GAP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,456 shares of the company's stock, valued at approximately $295,000.

Several other institutional investors and hedge funds have also modified their holdings of GAP. California State Teachers Retirement System acquired a new position in shares of GAP in the fourth quarter valued at about $4,953,000. GAMMA Investing LLC acquired a new position in shares of GAP in the first quarter valued at approximately $1,971,000. Rhumbline Advisers acquired a new stake in GAP during the 1st quarter valued at approximately $12,210,000. SG Americas Securities LLC acquired a new stake in shares of GAP during the 1st quarter worth approximately $3,519,000. Finally, Handelsbanken Fonder AB acquired a new stake in shares of GAP during the 1st quarter worth approximately $1,107,000. 58.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at GAP

In other GAP news, Director William Sydney Fisher sold 243,064 shares of the company's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $23.82, for a total value of $5,789,784.48. Following the completion of the sale, the director directly owned 3,453,453 shares in the company, valued at approximately $82,261,250.46. This represents a 6.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 30.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Telsey Advisory Group reduced their price target on shares of GAP from $26.00 to $24.00 and set a "market perform" rating for the company in a research report on Tuesday, September 2nd. Bank of America lifted their target price on GAP from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Citigroup restated a "neutral" rating and issued a $22.00 price objective (down from $30.00) on shares of GAP in a research note on Wednesday, August 20th. Barclays cut GAP from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $24.00 to $19.00 in a research note on Friday, August 22nd. Finally, Jefferies Financial Group set a $22.00 price target on GAP in a research report on Thursday, September 4th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $25.47.

GAP Price Performance

NYSE:GAP traded up $0.02 during trading hours on Thursday, reaching $22.83. The stock had a trading volume of 2,691,507 shares, compared to its average volume of 9,221,318. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 1.68. The Gap, Inc. has a 52 week low of $16.99 and a 52 week high of $29.29. The company has a 50 day moving average price of $21.39 and a two-hundred day moving average price of $21.77. The stock has a market capitalization of $8.47 billion, a PE ratio of 9.77, a PEG ratio of 2.58 and a beta of 2.09.

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

GAP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 8th will be issued a dividend of $0.165 per share. The ex-dividend date is Wednesday, October 8th. This represents a $0.66 dividend on an annualized basis and a yield of 2.9%. GAP's payout ratio is presently 28.21%.

GAP Profile

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.