GAP (NYSE:GAP) Director William Sydney Fisher Sells 66,344 Shares of Stock

Key Points

• Director William Sydney Fisher sold 66,344 GAP shares at an average price of $23.06, generating approximately $1.53 million. He retains 16.34 million shares, and the sale reduced his position by 0.40%.
• GAP shares recently traded at $22.73, down 0.5%, while the company’s latest quarterly results beat EPS expectations but missed revenue estimates; sales declined 2% year over year.
• The company declared a quarterly dividend of $0.175 per share, equivalent to a 3.1% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $27.07.

The Gap, Inc. (NYSE:GAP - Get Free Report) Director William Sydney Fisher sold 66,344 shares of the business's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $23.06, for a total value of $1,529,892.64. Following the completion of the transaction, the director owned 16,336,854 shares in the company, valued at approximately $376,727,853.24. This trade represents a 0.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

GAP Stock Down 0.5%

GAP traded down $0.11 on Thursday, reaching $22.73. The company's stock had a trading volume of 6,158,862 shares, compared to its average volume of 7,776,754. The Gap, Inc. has a 1 year low of $18.11 and a 1 year high of $29.36. The business's 50 day moving average is $21.00 and its 200 day moving average is $22.03. 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 stock has a market cap of $7.99 billion, a price-to-earnings ratio of 6.79, a price-to-earnings-growth ratio of 0.98 and a beta of 2.08.

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 the consensus estimate 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 business's revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, research analysts forecast that The Gap, Inc. will post 2.41 EPS for the current fiscal year.

GAP Dividend Announcement

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. This represents a $0.70 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, October 7th. GAP's payout ratio is currently 20.90%.

Hedge Funds Weigh In On GAP

Large investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC boosted its stake in GAP by 26.2% in the second quarter. Sequoia Financial Advisors LLC now owns 172,326 shares of the company's stock valued at $3,219,000 after acquiring an additional 35,747 shares during the period. Tidal Investments LLC grew its holdings in shares of GAP by 60.6% during the second quarter. Tidal Investments LLC now owns 64,329 shares of the company's stock valued at $1,202,000 after purchasing an additional 24,265 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of GAP in the 2nd quarter worth approximately $4,216,000. Empirical Finance LLC lifted its holdings in shares of GAP by 6.7% in the 2nd quarter. Empirical Finance LLC now owns 44,937 shares of the company's stock worth $839,000 after purchasing an additional 2,839 shares during the last quarter. Finally, Nykredit A S acquired a new position in GAP during the 2nd quarter valued at approximately $129,000. Institutional investors own 58.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GAP shares. Morgan Stanley increased their target price on GAP from $21.00 to $23.00 and gave the stock an "equal weight" rating in a report on Friday, August 28th. Wells Fargo & Company boosted their price target on GAP from $22.00 to $23.00 and gave the company a "cautious" rating in a report on Friday, August 28th. UBS Group upped their price target on GAP from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Friday, August 28th. BTIG Research raised their price objective on GAP from $26.00 to $27.00 and gave the stock a "buy" rating in a research note on Friday, August 28th. Finally, Bank of America lifted their price objective on shares of GAP from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Friday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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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