PVG Asset Management Corp Takes Position in The Gap, Inc. $GAP

PVG Asset Management Corp acquired a new stake in The Gap, Inc. (NYSE:GAP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,839 shares of the company’s stock, valued at approximately $467,000. GAP accounts for 1.7% of PVG Asset Management Corp’s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its holdings in GAP by 42.7% in the second quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company’s stock valued at $96,134,000 after buying an additional 1,318,322 shares in the last quarter. Jump Financial LLC grew its holdings in shares of GAP by 2,197.8% in the 3rd quarter. Jump Financial LLC now owns 645,150 shares of the company’s stock worth $13,800,000 after acquiring an additional 617,073 shares during the period. CX Institutional acquired a new stake in shares of GAP in the 3rd quarter worth approximately $6,053,000. Neo Ivy Capital Management purchased a new position in GAP in the 3rd quarter valued at approximately $3,555,000. Finally, LSV Asset Management raised its holdings in GAP by 4.9% during the third quarter. LSV Asset Management now owns 3,341,701 shares of the company’s stock worth $71,479,000 after purchasing an additional 157,224 shares during the last quarter. 58.81% of the stock is currently owned by institutional investors and hedge funds.

GAP Stock Performance

NYSE GAP opened at $24.03 on Thursday. The business’s 50-day moving average price is $26.86 and its 200 day moving average price is $25.05. The company has a current ratio of 1.75, a quick ratio of 1.08 and a debt-to-equity ratio of 0.39. The Gap, Inc. has a twelve month low of $16.99 and a twelve month high of $29.36. The company has a market capitalization of $8.94 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.38 and a beta of 2.29.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, March 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). GAP had a net margin of 5.31% and a return on equity of 22.98%. The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter last year, the firm earned $0.54 EPS. The firm’s quarterly revenue 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, research analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current year.

GAP Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. The Goldman Sachs Group upped their target price on GAP from $29.00 to $32.00 and gave the company a “buy” rating in a report on Friday, January 30th. Zacks Research lowered shares of GAP from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. UBS Group raised shares of GAP from a “neutral” rating to a “buy” rating and increased their price objective for the company from $26.00 to $41.00 in a research note on Wednesday, January 7th. Bank of America raised their target price on shares of GAP from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Finally, Barclays restated an “overweight” rating on shares of GAP in a research report on Tuesday, January 6th. Two investment 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’s stock. Based on data from MarketBeat.com, GAP currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.46.

Insider Buying and Selling

In related news, CFO Katrina O’connell sold 153,413 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $23.85, for a total transaction of $3,658,900.05. Following the completion of the transaction, the chief financial officer owned 11,503 shares of the company’s stock, valued at approximately $274,346.55. This represents a 93.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Breitbard sold 119,155 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $23.80, for a total transaction of $2,835,889.00. Following the transaction, the chief executive officer directly owned 135,884 shares in the company, valued at approximately $3,234,039.20. This represents a 46.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 378,851 shares of company stock valued at $9,026,111. Insiders own 30.56% 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.