Katrina O’connell Sells 16,036 Shares of GAP (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 16,036 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $23.74, for a total transaction of $380,694.64. Following the transaction, the chief financial officer directly owned 7,718 shares in the company, valued at $183,225.32. This trade represents a 67.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

GAP Stock Performance

GAP stock traded up $0.11 during mid-day trading on Monday, reaching $23.35. The company had a trading volume of 9,663,531 shares, compared to its average volume of 9,116,772. 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 52 week low of $16.99 and a 52 week high of $29.36. The company has a 50 day moving average of $26.98 and a 200-day moving average of $25.04. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 1.34 and a beta of 2.29.

GAP (NYSE:GAP) last posted its quarterly earnings data 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). The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.24 billion. GAP had a return on equity of 22.98% and a net margin of 5.31%.The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. On average, sell-side analysts expect that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 8th will be paid a dividend of $0.175 per share. This is a positive change from GAP’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, April 8th. GAP’s dividend payout ratio is presently 30.70%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GAP. JPMorgan Chase & Co. reduced their price objective on GAP from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Friday, March 6th. Citigroup upped 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. Evercore upped their target price on GAP from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. BTIG Research lifted their price target on shares of GAP from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Finally, Wall Street Zen cut shares of GAP from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, GAP currently has an average rating of “Moderate Buy” and a consensus price target of $30.46.

Institutional Trading of GAP

Institutional investors have recently bought and sold shares of the stock. LSV Asset Management grew its position in GAP by 101.0% in the second quarter. LSV Asset Management now owns 3,184,477 shares of the company’s stock valued at $69,453,000 after acquiring an additional 1,600,041 shares during the period. CX Institutional acquired a new stake in shares of GAP in the 3rd quarter valued at $6,053,000. Rhumbline Advisers grew its holdings in shares of GAP by 2.5% in the 2nd quarter. Rhumbline Advisers now owns 607,470 shares of the company’s stock worth $13,249,000 after purchasing an additional 15,053 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of GAP in the 3rd quarter worth about $1,845,000. Finally, Geode Capital Management LLC increased its position in shares of GAP by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,166,545 shares of the company’s stock worth $91,399,000 after purchasing an additional 151,297 shares in the last quarter. Institutional investors and hedge funds own 58.81% 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.