GAMMA Investing LLC Buys 6,492 Shares of The Gap, Inc. $GAP

GAMMA Investing LLC raised its stake in shares of The Gap, Inc. (NYSE:GAP) by 139.9% in the second quarter, Holdings Channel reports. The fund owned 11,131 shares of the company’s stock after acquiring an additional 6,492 shares during the period. GAMMA Investing LLC’s holdings in GAP were worth $243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GAP. Strs Ohio acquired a new stake in shares of GAP in the first quarter valued at $856,000. Plato Investment Management Ltd acquired a new stake in shares of GAP in the first quarter valued at $121,000. United Services Automobile Association acquired a new stake in shares of GAP in the first quarter valued at $295,000. Amundi acquired a new stake in shares of GAP in the first quarter valued at $259,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of GAP in the first quarter valued at $4,517,000. 58.81% of the stock is owned by institutional investors.

Insider Buying and Selling at GAP

In related news, Director William Sydney Fisher sold 243,064 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $23.82, for a total value of $5,789,784.48. Following the completion of the sale, the director owned 3,453,453 shares in the company, valued at $82,261,250.46. This represents a 6.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Fisher sold 500,000 shares of the company’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $22.90, for a total transaction of $11,450,000.00. Following the completion of the sale, the director owned 2,829,502 shares of the company’s stock, valued at approximately $64,795,595.80. This represents a 15.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 943,064 shares of company stock valued at $22,011,784 in the last three months. 30.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GAP. The Goldman Sachs Group lowered their target price on GAP from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, July 22nd. Telsey Advisory Group lowered their target price on GAP from $26.00 to $24.00 and set a “market perform” rating for the company in a research note on Tuesday, September 2nd. Morgan Stanley raised their target price on GAP from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Evercore ISI lifted their price objective on GAP from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, Jefferies Financial Group set a $22.00 price objective on GAP in a research report on Thursday, September 4th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.47.

GAP Price Performance

Shares of GAP stock opened at $21.98 on Friday. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 2.51 and a beta of 2.09. The Gap, Inc. has a 12 month low of $16.99 and a 12 month high of $29.29. The stock has a 50-day moving average price of $21.57 and a 200 day moving average price of $21.85. The company has a quick ratio of 0.96, a current ratio of 1.68 and a debt-to-equity ratio of 0.43.

GAP (NYSE:GAP) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. GAP had a net margin of 5.86% and a return on equity of 27.04%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the company posted $0.54 EPS. GAP’s revenue for the quarter was up .1% on a year-over-year basis. GAP has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts expect that The Gap, Inc. will post 2.02 EPS for the current year.

GAP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 8th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $0.66 annualized dividend and a yield of 3.0%. GAP’s dividend payout ratio (DPR) is presently 28.21%.

GAP Company Profile

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.