New York State Teachers Retirement System Grows Stock Holdings in The Gap, Inc. $GAP

New York State Teachers Retirement System increased its stake in shares of The Gap, Inc. (NYSE:GAP) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 263,602 shares of the company’s stock after buying an additional 17,845 shares during the period. New York State Teachers Retirement System owned about 0.07% of GAP worth $5,749,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. 111 Capital purchased a new stake in GAP during the second quarter worth about $353,000. Public Employees Retirement System of Ohio boosted its holdings in GAP by 4.8% during the second quarter. Public Employees Retirement System of Ohio now owns 71,420 shares of the company’s stock worth $1,558,000 after buying an additional 3,269 shares in the last quarter. GAMMA Investing LLC boosted its holdings in GAP by 139.9% during the second quarter. GAMMA Investing LLC now owns 11,131 shares of the company’s stock worth $243,000 after buying an additional 6,492 shares in the last quarter. Strs Ohio purchased a new stake in GAP during the first quarter worth about $856,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of GAP in the first quarter valued at about $121,000. Hedge funds and other institutional investors own 58.81% of the company’s stock.

GAP Stock Performance

Shares of GAP opened at $22.00 on Tuesday. 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 company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 2.46 and a beta of 2.10. The company’s 50 day simple moving average is $21.93 and its 200 day simple moving average is $21.92. The Gap, Inc. has a 1 year low of $16.99 and a 1 year high of $29.29.

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

GAP Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have issued reports on GAP shares. The Goldman Sachs Group reduced their price target on shares of GAP from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, July 22nd. Telsey Advisory Group reduced their price target on shares of GAP from $26.00 to $24.00 and set a “market perform” rating on the stock in a report on Tuesday, September 2nd. UBS Group reduced their price target 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. BTIG Research started coverage on shares of GAP in a report on Tuesday, October 14th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Wells Fargo & Company reduced their price target on shares of GAP from $24.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, August 29th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, GAP has an average rating of “Hold” and a consensus target price of $25.75.

Insider Activity at GAP

In other GAP news, Director Robert J. Fisher sold 500,000 shares of the stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $22.90, for a total transaction of $11,450,000.00. Following the transaction, the director owned 2,829,502 shares of the company’s stock, valued at $64,795,595.80. This trade represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William Sydney Fisher sold 243,064 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $23.82, for a total transaction of $5,789,784.48. Following the transaction, the director directly owned 3,453,453 shares in the company, valued at approximately $82,261,250.46. This represents a 6.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 943,064 shares of company stock worth $22,011,784 in the last three months. Insiders own 31.00% of the company’s stock.

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.