Ieq Capital LLC Invests $10.91 Million in The Gap, Inc. $GAP

Ieq Capital LLC bought a new position in shares of The Gap, Inc. (NYSE:GAP) in the second quarter, Holdings Channel.com reports. The institutional investor bought 584,106 shares of the company’s stock, valued at approximately $10,911,000.

A number of other large investors have also recently bought and sold shares of GAP. Cullen Frost Bankers Inc. purchased a new stake in shares of GAP in the 4th quarter valued at $26,000. Plato Investment Management Ltd acquired a new stake in shares of GAP in the fourth quarter worth $28,000. Global Retirement Partners LLC purchased a new position in shares of GAP during the second quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of GAP during the second quarter worth $50,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of GAP by 177.0% during the second quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock worth $153,000 after purchasing an additional 4,483 shares during the last quarter. Hedge funds and other institutional investors own 58.81% of the company’s stock.

GAP Stock Performance

GAP opened at $19.77 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. The firm has a fifty day moving average price of $20.08 and a 200 day moving average price of $23.14. The Gap, Inc. has a 1 year low of $18.11 and a 1 year high of $29.36. The stock has a market cap of $7.12 billion, a P/E ratio of 7.78, a P/E/G ratio of 1.17 and a beta of 2.05.

GAP (NYSE:GAP) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.52 billion. GAP had a return on equity of 21.13% and a net margin of 6.25%.The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $0.51 earnings per share. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. Equities research analysts anticipate that The Gap, Inc. will post 2.33 earnings per share for the current year.

GAP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, October 7th. GAP’s dividend payout ratio is presently 27.56%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $27.00 price target (down from $35.00) on shares of GAP in a report on Friday, May 29th. The Goldman Sachs Group reduced their price objective on GAP from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price objective on shares of GAP in a report on Monday, July 6th. Bank of America decreased their price objective on GAP from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Finally, Jefferies Financial Group downgraded GAP from a “buy” rating to a “hold” rating and lowered their target price for the stock from $29.00 to $23.00 in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.29.

About GAP

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.