Insider Selling: GAP (NYSE:GAP) Director Sells $1,529,892.64 in Stock

by · The Cerbat Gem

The Gap, Inc. (NYSE:GAP – Get Free Report) Director William Sydney Fisher sold 66,344 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $23.06, for a total value of $1,529,892.64. Following the completion of the sale, the director owned 16,336,854 shares in the company, valued at $376,727,853.24. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

GAP Stock Performance

Shares of GAP traded down $0.11 during midday trading on Thursday, hitting $22.73. 6,158,862 shares of the stock traded hands, compared to its average volume of 7,776,754. The business’s 50 day moving average price is $21.00 and its two-hundred day moving average price is $22.03. The firm has a market capitalization of $7.99 billion, a PE ratio of 6.79, a price-to-earnings-growth ratio of 0.98 and a beta of 2.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.82. The Gap, Inc. has a 1-year low of $18.11 and a 1-year high of $29.36.

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

GAP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be given a $0.1750 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $0.70 annualized dividend and a yield of 3.1%. GAP’s dividend payout ratio is 20.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GAP shares. Bank of America lifted their price target on GAP from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, August 28th. The Goldman Sachs Group increased their price objective on GAP from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, August 31st. UBS Group raised their target price on GAP from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Barclays lifted their target price on GAP from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, August 28th. Finally, Morgan Stanley boosted their price target on GAP from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, GAP currently has a consensus rating of “Hold” and a consensus target price of $27.07.

Read Our Latest Stock Report on GAP

Institutional Trading of GAP

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

About GAP

(Get Free Report)

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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