GAP (NYSE:GAP) Director Sells 500,000 Shares of Stock

Key Points

• Director William Sydney Fisher sold 500,000 GAP shares at an average price of $23.89, generating approximately $11.95 million. The sale reduced his direct holdings by 3.05% to about 15.9 million shares.
• GAP shares recently traded near $23.65, while the company’s latest quarterly earnings of $0.52 per share exceeded analyst expectations of $0.48. Revenue fell 2% year over year to $3.65 billion.
• The company declared a quarterly dividend of $0.175 per share, representing an annualized payout of $0.70 and a yield of approximately 3.0%; analysts have assigned the stock an overall “Hold” rating with an average price target of $27.07.

The Gap, Inc. (NYSE:GAP - Get Free Report) Director William Sydney Fisher sold 500,000 shares of the firm's stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $23.89, for a total value of $11,945,000.00. Following the transaction, the director directly owned 15,903,198 shares in the company, valued at approximately $379,927,400.22. The trade was a 3.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

William Sydney Fisher also recently made the following trade(s):

• On Monday, October 5th, William Sydney Fisher sold 433,656 shares of GAP stock. The shares were sold at an average price of $23.35, for a total transaction of $10,125,867.60.
• On Wednesday, September 30th, William Sydney Fisher sold 66,344 shares of GAP stock. The stock was sold at an average price of $23.06, for a total value of $1,529,892.64.

GAP Price Performance

Shares of GAP traded down $0.14 during mid-day trading on Wednesday, hitting $23.65. The company's stock had a trading volume of 5,470,564 shares, compared to its average volume of 7,741,014. The firm has a 50-day simple moving average of $21.30 and a 200 day simple moving average of $22.02. The firm has a market capitalization of $8.31 billion, a P/E ratio of 7.06, a P/E/G ratio of 0.97 and a beta of 2.05. The Gap, Inc. has a 1-year low of $18.11 and a 1-year high of $29.36. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38.

GAP (NYSE:GAP - Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.69 billion. GAP had a net margin of 8.14% and a return on equity of 19.72%. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. Analysts predict that The Gap, Inc. will post 2.41 EPS for the current fiscal year.

GAP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a $0.1750 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $0.70 annualized dividend and a dividend yield of 3.0%. GAP's payout ratio is 20.90%.

Institutional Trading of GAP

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC acquired a new position in GAP in the second quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of GAP during the 2nd quarter valued at $50,000. Quantbot Technologies LP acquired a new position in shares of GAP in the 2nd quarter valued at $73,000. Westpac Banking Corp bought a new position in shares of GAP in the 2nd quarter worth $103,000. Finally, Nykredit A S bought a new position in shares of GAP in the 2nd quarter worth $129,000. Institutional investors and hedge funds own 58.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. TD Cowen increased their target price on GAP from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Morgan Stanley lifted their price objective on shares of GAP from $21.00 to $23.00 and gave the company an "equal weight" rating in a research note on Friday, August 28th. BMO Capital Markets assumed coverage on GAP in a research note on Tuesday, September 8th. They set a "market perform" rating and a $23.00 price target for the company. UBS Group raised their target price on shares of GAP from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Friday, August 28th. Finally, The Goldman Sachs Group boosted their target price on GAP from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Monday, August 31st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $27.07.

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. The Old Navy Global segment offers clothing and accessories for adults and children.

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