Horizon Investments LLC Acquires 53,148 Shares of The Gap, Inc. $GAP

Horizon Investments LLC boosted its holdings in shares of The Gap, Inc. (NYSE:GAP) by 60.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,310 shares of the company’s stock after purchasing an additional 53,148 shares during the period. Horizon Investments LLC’s holdings in GAP were worth $3,618,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GAP. Amundi acquired a new position in shares of GAP during the first quarter worth $259,000. EverSource Wealth Advisors LLC increased its holdings in GAP by 177.0% in the second quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock valued at $153,000 after purchasing an additional 4,483 shares during the period. Jump Financial LLC acquired a new stake in GAP in the second quarter valued at $612,000. California State Teachers Retirement System grew its holdings in GAP by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 226,506 shares of the company’s stock worth $4,940,000 after acquiring an additional 1,703 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in GAP by 42.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company’s stock worth $96,134,000 after acquiring an additional 1,318,322 shares during the period. 58.81% of the stock is currently owned by institutional investors.

GAP Trading Down 3.9%

Shares of GAP stock opened at $23.71 on Tuesday. The company has a 50 day moving average of $25.36 and a 200-day moving average of $25.70. The company has a quick ratio of 1.08, a current ratio of 1.75 and a debt-to-equity ratio of 0.39. The Gap, Inc. has a 12-month low of $18.68 and a 12-month high of $29.36. The firm has a market cap of $8.66 billion, a P/E ratio of 11.03, a PEG ratio of 1.43 and a beta of 2.11.

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

GAP Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 8th were paid a $0.175 dividend. The ex-dividend date was Wednesday, April 8th. This represents a $0.70 dividend on an annualized basis and a yield of 3.0%. This is a positive change from GAP’s previous quarterly dividend of $0.17. GAP’s dividend payout ratio (DPR) is presently 32.56%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GAP shares. Wall Street Zen downgraded GAP from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings upgraded GAP from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. Citigroup raised their target price on GAP from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Argus raised shares of GAP to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Telsey Advisory Group raised their price target on shares of GAP from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.62.

Insiders Place Their Bets

In related news, major shareholder John J. Fisher sold 300,000 shares of GAP stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $25.40, for a total value of $7,620,000.00. Following the completion of the transaction, the insider directly owned 446,781 shares in the company, valued at approximately $11,348,237.40. The trade was a 40.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Julie Gruber sold 74,217 shares of GAP stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $23.85, for a total transaction of $1,770,075.45. Following the completion of the transaction, the insider owned 53,970 shares of the company’s stock, valued at $1,287,184.50. This represents a 57.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 923,098 shares of company stock worth $22,648,158 in the last three months. Insiders own 31.00% of the company’s stock.

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.