GAP (NYSE:GAP) Director William Sydney Fisher Sells 433,656 Shares of Company Stock

Key Points

• Director William Sydney Fisher sold 433,656 GAP shares for approximately $10.1 million, reducing his position by 2.65% to 15.9 million shares. He also recently sold an additional 566,344 shares in two transactions.
• GAP shares traded down 0.6% to $23.65, while the company’s latest quarterly results beat EPS estimates but showed a 2% year-over-year revenue decline.
• GAP declared a quarterly dividend of $0.175 per share, equivalent to $0.70 annually and a 3.0% yield; analysts’ average rating remains “Hold,” with a $27.07 average price target.

The Gap, Inc. (NYSE:GAP - Get Free Report) Director William Sydney Fisher sold 433,656 shares of the business's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $23.35, for a total transaction of $10,125,867.60. Following the completion of the transaction, the director owned 15,903,198 shares in the company, valued at $371,339,673.30. The trade was a 2.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, October 6th, William Sydney Fisher sold 500,000 shares of GAP stock. The shares were sold at an average price of $23.89, for a total value of $11,945,000.00.
• 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 Trading Down 0.6%

GAP stock traded down $0.14 during mid-day trading on Wednesday, reaching $23.65. 5,470,564 shares of the company traded hands, compared to its average volume of 7,741,014. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.82 and a quick ratio of 1.11. The Gap, Inc. has a 52-week low of $18.11 and a 52-week high of $29.36. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 7.06, a P/E/G ratio of 0.97 and a beta of 2.05. The firm's 50 day moving average price is $21.30 and its 200 day moving average price is $22.02.

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

GAP Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GAP shares. BTIG Research boosted their price objective on shares of GAP from $26.00 to $27.00 and gave the stock a "buy" rating in a research note on Friday, August 28th. Weiss Ratings cut GAP from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, July 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 report on Friday, August 28th. Wells Fargo & Company lifted their price objective on GAP from $22.00 to $23.00 and gave the company a "cautious" rating in a research note on Friday, August 28th. Finally, Barclays boosted their target price on GAP from $20.00 to $23.00 and gave the stock an "equal weight" rating in a report on Friday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $27.07.

Hedge Funds Weigh In On GAP

Several large investors have recently added to or reduced their stakes in GAP. Global Retirement Partners LLC bought a new stake in shares of GAP during the 2nd quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in GAP in the 2nd quarter worth $50,000. Quantbot Technologies LP purchased a new stake in GAP in the 2nd quarter worth $73,000. Westpac Banking Corp purchased a new stake in GAP in the 2nd quarter worth $103,000. Finally, Nykredit A S purchased a new stake in GAP in the 2nd quarter worth $129,000. Hedge funds and other institutional investors own 58.81% of the company's stock.

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

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