Rep. Andrew R. Garbarino Sells Off Shares of The Gap, Inc. (NYSE:GAP)

Key Points

• Representative Andrew R. Garbarino sold between $1,001 and $15,000 in shares of The Gap, Inc. (NYSE:GAP) on August 21st, as disclosed in a recent filing.
• Gap, Inc. reported a net margin of 5.80% and an EPS of $0.51, exceeding analysts' expectations in its last quarterly earnings.
• The company announced a quarterly dividend of $0.165 per share, set to be paid on October 29th, 2023, with a dividend yield of 3.1%.

Representative Andrew R. Garbarino (R-New York) recently sold shares of The Gap, Inc. NYSE: GAP. In a filing disclosed on August 21st, the Representative disclosed that they had sold between $1,001 and $15,000 in GAP stock on August 21st. The trade occurred in the Representative's "STOCK ACCOUNT" account.

GAP Trading Up 2.4%

GAP traded up $0.52 during trading on Wednesday, reaching $22.10. 6,067,638 shares of the company's stock were exchanged, compared to its average volume of 8,875,588. The firm has a fifty day moving average price of $21.03 and a two-hundred day moving average price of $21.73. The company has a current ratio of 1.71, a quick ratio of 0.98 and a debt-to-equity ratio of 0.45. The Gap, Inc. has a one year low of $16.99 and a one year high of $29.29. The stock has a market capitalization of $8.32 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 2.38 and a beta of 2.15.

GAP (NYSE:GAP - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.07. GAP had a net margin of 5.80% and a return on equity of 27.86%. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter last year, the firm earned $0.41 earnings per share. GAP's quarterly revenue was up 2.2% on a year-over-year basis. GAP has set its FY 2025 guidance at EPS. Q2 2025 guidance at EPS. As a group, equities research analysts forecast that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 8th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, October 8th. GAP's payout ratio is presently 28.57%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GAP shares. The Goldman Sachs Group dropped their target price on shares of GAP from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Barclays downgraded shares of GAP from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $24.00 to $19.00 in a report on Friday, August 22nd. JPMorgan Chase & Co. upped their price objective on shares of GAP from $25.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. UBS Group lowered their price objective on shares of GAP from $27.00 to $23.00 and set a "neutral" rating on the stock in a report on Friday, August 22nd. Finally, Jefferies Financial Group restated a "hold" rating and set a $29.00 price objective (up previously from $26.00) on shares of GAP in a report on Wednesday, May 21st. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $25.73.

Institutional Trading of GAP

A number of large investors have recently added to or reduced their stakes in the stock. Dodge & Cox purchased a new stake in GAP during the first quarter worth about $592,222,000. Ameriprise Financial Inc. boosted its position in GAP by 42.7% during the second quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company's stock worth $96,134,000 after purchasing an additional 1,318,322 shares during the period. Geode Capital Management LLC boosted its position in GAP by 3.8% during the second quarter. Geode Capital Management LLC now owns 4,166,545 shares of the company's stock worth $91,399,000 after purchasing an additional 151,297 shares during the period. LSV Asset Management boosted its position in GAP by 101.0% during the second quarter. LSV Asset Management now owns 3,184,477 shares of the company's stock worth $69,453,000 after purchasing an additional 1,600,041 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in GAP by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 2,899,563 shares of the company's stock worth $63,239,000 after purchasing an additional 145,427 shares during the period. Hedge funds and other institutional investors own 58.81% of the company's stock.

About Representative Garbarino

Andrew Garbarino (Republican Party) is a member of the U.S. House, representing New York's 2nd Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Garbarino (Republican Party, Conservative Party) ran for re-election to the U.S. House to represent New York's 2nd Congressional District. He won in the general election on November 5, 2024. Andrew Garbarino was born in Sayville, New York. Garbarino earned a B.A. in history and classical humanities from George Washington University and a J.D. from Hofstra University. His career experience includes working with his family's law firm. Garbarino is a member of the Sayville Rotary Club and Knights of Columbus.

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.