GAP (NYSE:GAP) Insider Julie Gruber Sells 5,302 Shares

The Gap, Inc. (NYSE:GAP) insider Julie Gruber sold 5,302 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $27.00, for a total value of $143,154.00. Following the completion of the sale, the insider owned 58,414 shares in the company, valued at $1,577,178. The trade was a 8.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Julie Gruber also recently made the following trade(s):

• On Tuesday, March 17th, Julie Gruber sold 74,217 shares of GAP stock. The shares were sold at an average price of $23.85, for a total value of $1,770,075.45.

GAP Stock Up 1.0%

Shares of NYSE GAP traded up $0.27 during trading on Monday, reaching $27.29. The company had a trading volume of 4,283,525 shares, compared to its average volume of 7,950,651. The Gap, Inc. has a 12-month low of $18.47 and a 12-month high of $29.36. The stock has a market cap of $9.97 billion, a PE ratio of 12.69, a P/E/G ratio of 1.57 and a beta of 2.27. The business’s 50-day moving average is $25.77 and its 200 day moving average is $25.41. The company has a quick ratio of 1.08, a current ratio of 1.75 and a debt-to-equity ratio of 0.39.

GAP (NYSE:GAP) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.24 billion. GAP had a net margin of 5.31% and a return on equity of 22.98%. GAP’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. As a group, equities analysts forecast that The Gap, Inc. will post 2.3 earnings per share for the current fiscal year.

GAP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th will be paid a dividend of $0.175 per share. The ex-dividend date is Wednesday, April 8th. This represents a $0.70 dividend on an annualized basis and a yield of 2.6%. This is an increase from GAP’s previous quarterly dividend of $0.17. GAP’s dividend payout ratio (DPR) is 32.56%.

Hedge Funds Weigh In On GAP

Several hedge funds and other institutional investors have recently bought and sold shares of GAP. Ameriprise Financial Inc. boosted its holdings in shares of GAP by 42.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company’s stock valued at $96,134,000 after acquiring an additional 1,318,322 shares during the last quarter. Miller Howard Investments Inc. NY raised its holdings in shares of GAP by 112.2% during the first quarter. Miller Howard Investments Inc. NY now owns 1,704,021 shares of the company’s stock valued at $41,237,000 after purchasing an additional 900,855 shares during the last quarter. Jump Financial LLC raised its holdings in shares of GAP by 2,197.8% during the third quarter. Jump Financial LLC now owns 645,150 shares of the company’s stock valued at $13,800,000 after purchasing an additional 617,073 shares during the last quarter. Bank of New York Mellon Corp lifted its position in GAP by 13.0% during the fourth quarter. Bank of New York Mellon Corp now owns 3,195,934 shares of the company’s stock valued at $81,816,000 after purchasing an additional 368,191 shares during the period. Finally, CX Institutional bought a new position in GAP during the third quarter valued at approximately $6,053,000. Institutional investors own 58.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GAP shares. JPMorgan Chase & Co. upped their target price on shares of GAP from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, March 20th. Barclays reissued an “overweight” rating on shares of GAP in a research report on Tuesday, January 6th. Telsey Advisory Group boosted their price objective on shares of GAP from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Citigroup upped their price objective on GAP from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Finally, The Goldman Sachs Group increased their target price on GAP from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.62.

GAP Company Profile

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.