William Sydney Fisher Sells 200,000 Shares of GAP (NYSE:GAP) Stock

Key Points

• William Sydney Fisher, a director of Gap, Inc., sold 200,000 shares of GAP stock for approximately $4.77 million, reducing his stake in the company by 5.79%.
• The company recently reported earnings of $0.57 per share, exceeding analyst expectations, and announced a quarterly dividend of $0.165 per share with a yield of 2.9%.
• GAP's stock received mixed ratings from analysts, with several lowering their price targets; the average target now stands at $25.47.

The Gap, Inc. (NYSE:GAP - Get Free Report) Director William Sydney Fisher sold 200,000 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $23.86, for a total transaction of $4,772,000.00. Following the completion of the transaction, the director directly owned 3,253,453 shares of the company's stock, valued at approximately $77,627,388.58. This represents a 5.79% decrease in their position. The transaction 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 Thursday, September 4th, William Sydney Fisher sold 243,064 shares of GAP stock. The shares were sold at an average price of $23.82, for a total transaction of $5,789,784.48.

GAP Price Performance

Shares of NYSE:GAP traded down $0.74 during midday trading on Friday, hitting $22.28. The company's stock had a trading volume of 14,721,923 shares, compared to its average volume of 12,146,886. 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 business's 50 day simple moving average is $21.38 and its 200 day simple moving average is $21.83. The Gap, Inc. has a 12-month low of $16.99 and a 12-month high of $29.29. The company has a market cap of $8.27 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 2.54 and a beta of 2.09.

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

GAP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 8th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, October 8th. GAP's dividend payout ratio is presently 28.21%.

Institutional Trading of GAP

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hexagon Capital Partners LLC bought a new position in GAP during the first quarter worth about $30,000. First Horizon Advisors Inc. bought a new position in GAP during the first quarter worth about $75,000. Brooklyn Investment Group bought a new position in shares of GAP during the 1st quarter valued at about $80,000. Deseret Mutual Benefit Administrators bought a new position in shares of GAP during the 1st quarter valued at about $81,000. Finally, Covestor Ltd bought a new position in shares of GAP during the 1st quarter valued at about $82,000. 58.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GAP shares. UBS Group dropped their price objective on shares of GAP from $27.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. The Goldman Sachs Group reduced their price target on shares of GAP from $28.00 to $26.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Evercore ISI upped their price target on shares of GAP from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Wells Fargo & Company reduced their price objective on shares of GAP from $24.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, August 29th. Finally, Barclays downgraded shares of GAP from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $24.00 to $19.00 in a report on Friday, August 22nd. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, GAP presently has an average rating of "Hold" and a consensus target price of $25.47.

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.