103,453 Shares of The Gap, Inc. $GAP Purchased by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC bought a new stake in shares of The Gap, Inc. (NYSE:GAP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 103,453 shares of the company’s stock, valued at approximately $2,363,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GAP. Global Retirement Partners LLC acquired a new position in GAP in the 2nd quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in GAP during the second quarter worth approximately $50,000. Quantbot Technologies LP purchased a new position in GAP during the second quarter worth approximately $73,000. Westpac Banking Corp acquired a new stake in GAP in the second quarter valued at approximately $103,000. Finally, Nykredit A S acquired a new stake in GAP in the second quarter valued at approximately $129,000. Hedge funds and other institutional investors own 58.81% of the company’s stock.

GAP Price Performance

Shares of GAP stock traded up $0.01 during trading hours on Tuesday, reaching $22.80. 1,478,890 shares of the company’s stock were exchanged, compared to its average volume of 7,660,023. The Gap, Inc. has a 1 year low of $18.11 and a 1 year high of $29.36. The company has a market capitalization of $8.01 billion, a P/E ratio of 6.80, a price-to-earnings-growth ratio of 0.97 and a beta of 2.05. The business has a fifty day moving average of $21.53 and a two-hundred day moving average of $21.98. The company has a quick ratio of 1.11, a current ratio of 1.82 and a debt-to-equity ratio of 0.38.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.69 billion. GAP had a net margin of 8.14% and a return on equity of 19.72%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, research analysts predict that The Gap, Inc. will post 2.41 earnings per share for the current fiscal year.

GAP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be issued a $0.1750 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $0.70 dividend on an annualized basis and a yield of 3.1%. GAP’s dividend payout ratio is presently 20.90%.

Analyst Ratings Changes

GAP has been the subject of a number of recent analyst reports. Jefferies Financial Group cut GAP from a “buy” rating to a “hold” rating and cut their price objective for the company from $29.00 to $23.00 in a research report on Wednesday, August 12th. BMO Capital Markets initiated coverage on GAP in a research report on Tuesday, September 8th. They set a “market perform” rating and a $23.00 target price on the stock. Barclays lifted their price objective on GAP from $20.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, August 28th. TD Cowen increased their target price on GAP from $23.00 to $27.00 and gave the company a “buy” rating in a report on Friday, August 28th. Finally, Wells Fargo & Company raised their target price on GAP from $22.00 to $23.00 and gave the company a “cautious” rating in a research report on Friday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, GAP has an average rating of “Hold” and a consensus target price of $27.07.

Insider Transactions at GAP

In other GAP news, Director William Fisher sold 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $23.89, for a total value of $11,945,000.00. Following the transaction, the director directly owned 15,903,198 shares of the company’s stock, valued at $379,927,400.22. This trade represents a 3.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Julie Gruber sold 27,538 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $727,438.56. This represents a 47.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,027,538 shares of company stock valued at $24,249,556. 31.00% of the stock is owned by insiders.

About GAP

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections. The Old Navy Global segment offers clothing and accessories for adults and children.