GAP (NYSE:GAP) Receives “Equal Weight” Rating from Wells Fargo & Company

Wells Fargo & Company reiterated their equal weight rating on shares of GAP (NYSE:GAP) in a report issued on Friday, Marketbeat.com reports. They currently have a $22.00 price target on the stock, down from their previous price target of $26.00.

Several other equities research analysts have also weighed in on GAP. Bank of America dropped their price target on GAP from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. The Goldman Sachs Group lowered their price objective on GAP from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, May 29th. BTIG Research set a $26.00 target price on shares of GAP in a report on Thursday, July 30th. TD Cowen reduced their target price on shares of GAP from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, Weiss Ratings lowered shares of GAP from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, GAP currently has an average rating of “Moderate Buy” and a consensus target price of $27.57.

GAP Price Performance

GAP stock opened at $20.46 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.08. GAP has a 1 year low of $18.11 and a 1 year high of $29.36. The firm has a 50-day moving average of $20.30 and a 200 day moving average of $23.60. The company has a market cap of $7.37 billion, a P/E ratio of 8.06, a PEG ratio of 1.21 and a beta of 2.05.

GAP (NYSE:GAP) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). GAP had a net margin of 6.25% and a return on equity of 21.13%. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. On average, sell-side analysts forecast that GAP will post 2.34 EPS for the current year.

GAP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 8th were paid a dividend of $0.175 per share. The ex-dividend date was Wednesday, July 8th. This represents a $0.70 dividend on an annualized basis and a yield of 3.4%. GAP’s payout ratio is presently 27.56%.

Institutional Investors Weigh In On GAP

Institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. bought a new stake in GAP during the 4th quarter valued at about $26,000. Plato Investment Management Ltd bought a new position in shares of GAP in the fourth quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new stake in shares of GAP during the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC purchased a new stake in shares of GAP during the second quarter valued at approximately $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of GAP during the second quarter valued at approximately $50,000. 58.81% of the stock is owned by hedge funds and other institutional investors.

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.