The Gap, Inc. $GAP Stock: Vest Financial LLC Boosts Stake

by · The Markets Daily

Vest Financial LLC increased its position in shares of The Gap, Inc. (NYSE:GAP – Free Report) by 43.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 317,626 shares of the company’s stock after buying an additional 96,271 shares during the quarter. Vest Financial LLC’s holdings in GAP were worth $7,255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in GAP in the 2nd quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in GAP during the 2nd quarter worth approximately $50,000. Quantbot Technologies LP acquired a new position in GAP during the 2nd quarter worth approximately $73,000. Westpac Banking Corp acquired a new position in GAP during the second quarter worth $103,000. Finally, Nykredit A S acquired a new position in GAP during the second quarter worth $129,000. Institutional investors and hedge funds own 58.81% of the company’s stock.

Insider Activity at GAP

In other news, Director William Fisher sold 500,000 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $23.89, for a total transaction of $11,945,000.00. Following the transaction, the director owned 15,903,198 shares in the company, valued at approximately $379,927,400.22. This trade represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Julie Gruber sold 27,538 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $23.56, for a total value of $648,795.28. Following the transaction, the insider owned 30,876 shares in the company, valued at approximately $727,438.56. This trade represents a 47.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,027,538 shares of company stock worth $24,249,556 in the last ninety days. 31.00% of the stock is owned by company insiders.

GAP Stock Performance

Shares of GAP stock opened at $22.93 on Friday. The Gap, Inc. has a 52 week low of $18.11 and a 52 week high of $29.36. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 0.95 and a beta of 2.05. The company has a 50-day simple moving average of $21.92 and a 200 day simple moving average of $21.90. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.82.

GAP (NYSE:GAP – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm 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 business’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. On average, sell-side analysts predict that The Gap, Inc. will post 2.41 earnings per share for the current year.

GAP Dividend Announcement

The company 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 annualized dividend and a dividend yield of 3.1%. GAP’s dividend payout ratio is presently 20.90%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GAP. Needham & Company LLC started coverage on shares of GAP in a research report on Friday, October 16th. They issued a “hold” rating for the company. Jefferies Financial Group cut shares of GAP from a “buy” rating to a “hold” rating and cut their price target for the stock from $29.00 to $23.00 in a research report on Wednesday, August 12th. BTIG Research increased 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. UBS Group raised their price objective on GAP from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 28th. Finally, Wells Fargo & Company raised their price objective on GAP from $22.00 to $23.00 and gave the company a “cautious” rating in a report on Friday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.07.

Read Our Latest Research Report on GAP

GAP Company Profile

(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.

See Also

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