GAP (NYSE:GAP) CFO Sells $3,658,900.05 in Stock

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 153,413 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $23.85, for a total value of $3,658,900.05. Following the transaction, the chief financial officer directly owned 11,503 shares in the company, valued at $274,346.55. This represents a 93.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Katrina O’connell also recently made the following trade(s):

• On Monday, March 16th, Katrina O’connell sold 16,036 shares of GAP stock. The shares were sold at an average price of $23.74, for a total value of $380,694.64.

GAP Price Performance

Shares of NYSE GAP traded up $0.18 during trading on Wednesday, hitting $24.03. 7,745,306 shares of the company were exchanged, compared to its average volume of 8,126,059. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.75 and a quick ratio of 1.08. The Gap, Inc. has a 1 year low of $16.99 and a 1 year high of $29.36. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.35 and a beta of 2.29. The firm’s fifty day moving average price is $26.91 and its 200 day moving average price is $25.06.

GAP (NYSE:GAP) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). GAP had a net margin of 5.31% and a return on equity of 22.98%. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter in the prior year, the business earned $0.54 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

GAP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 2.9%. This is a boost from GAP’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, April 8th. GAP’s dividend payout ratio is 30.70%.

Analysts Set New Price Targets

GAP has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target on GAP from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, March 6th. Wall Street Zen cut GAP from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Morgan Stanley boosted their target price on GAP from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Weiss Ratings lowered GAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 12th. Finally, Zacks Research cut GAP from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.46.

Hedge Funds Weigh In On GAP

Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its holdings in GAP by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 71,867 shares of the company’s stock valued at $1,537,000 after purchasing an additional 447 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of GAP by 1.3% during the third quarter. Oregon Public Employees Retirement Fund now owns 45,799 shares of the company’s stock worth $980,000 after buying an additional 600 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of GAP during the fourth quarter worth about $26,000. Plato Investment Management Ltd acquired a new position in shares of GAP in the fourth quarter valued at approximately $28,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of GAP during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors 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.