GAP (NYSE:GAP) Stock Gets Price Target Trim from Wells Fargo & Company

GAP (NYSE:GAP) had its target price dropped by stock analysts at Wells Fargo & Company from $23.00 to $22.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 4.04% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Bank of America upped their target price on shares of GAP from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. Wolfe Research started coverage on shares of GAP in a research note on Wednesday, October 21st. They issued a “peer perform” rating on the stock. The Goldman Sachs Group lifted their price target on shares of GAP from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. BTIG Research boosted their price target 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. Finally, Morgan Stanley boosted their price target on shares of GAP from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.00.

GAP Trading Down 0.5%

Shares of GAP stock traded down $0.10 on Friday, reaching $21.15. 1,752,091 shares of the stock were exchanged, compared to its average volume of 7,398,811. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.82 and a quick ratio of 1.11. GAP has a one year low of $18.11 and a one year high of $29.36. The stock has a market cap of $7.43 billion, a PE ratio of 6.32, a P/E/G ratio of 0.90 and a beta of 2.12. The stock has a 50 day moving average price of $22.27 and a 200 day moving average price of $22.94.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.69 billion. GAP had a return on equity of 19.72% and a net margin of 8.14%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 earnings per share. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. Equities research analysts forecast that GAP will post 2.40 EPS for the current fiscal year.

Insider Transactions at GAP

In other GAP news, insider Julie Gruber sold 27,538 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $727,438.56. This represents a 47.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Fisher sold 500,000 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $23.89, for a total value 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,027,538 shares of company stock valued at $24,249,556 in the last quarter. 31.00% of the stock is currently owned by corporate insiders.

Institutional Trading of GAP

A number of hedge funds have recently modified their holdings of GAP. BlackRock Inc. acquired a new stake in shares of GAP in the 2nd quarter valued at approximately $428,824,000. First Trust Advisors LP grew its holdings in GAP by 48.1% during the third quarter. First Trust Advisors LP now owns 5,271,475 shares of the company’s stock valued at $120,400,000 after purchasing an additional 1,711,712 shares during the period. Bank of America Corp DE acquired a new position in GAP during the second quarter valued at approximately $30,345,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in GAP in the second quarter valued at approximately $12,794,000. Finally, Empowered Funds LLC bought a new stake in GAP in the second quarter valued at approximately $12,180,000. 58.81% of the stock is currently owned by institutional investors and hedge funds.

GAP Company Profile

Gap Inc. is an American specialty retailer of apparel, accessories and related products. Its portfolio includes Gap, Old Navy, Banana Republic and Athleta, with merchandise sold through company-operated stores and online channels. Founded in San Francisco in 1969 by Donald and Doris Fisher, the company serves customers in North America and other markets through its stores, e-commerce operations and franchise partners. Richard Dickson became Gap Inc.’s president and chief executive officer in 2023.