GAP (NYSE:GAP) Price Target Lowered to $29.00 at Jefferies Financial Group

GAP (NYSE:GAP) had its price target decreased by Jefferies Financial Group from $32.00 to $29.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 37.47% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. BTIG Research restated a “buy” rating and set a $28.00 price objective on shares of GAP in a research report on Friday. Citigroup increased their price target on shares of GAP from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. TD Cowen decreased their price target on shares of GAP from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Bank of America decreased their price target on shares of GAP from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $27.00 price target (down from $35.00) on shares of GAP in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.71.

GAP Stock Performance

GAP stock traded down $3.91 during midday trading on Friday, reaching $21.10. 27,886,927 shares of the company traded hands, compared to its average volume of 7,968,639. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 9.81, a price-to-earnings-growth ratio of 1.39 and a beta of 2.11. The business has a 50 day moving average of $24.26 and a two-hundred day moving average of $25.69. GAP has a 12 month low of $18.68 and a 12 month high of $29.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.75 and a quick ratio of 1.08.

GAP (NYSE:GAP) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.52 billion. GAP had a net margin of 5.31% and a return on equity of 22.98%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. As a group, research analysts predict that GAP will post 2.29 earnings per share for the current year.

Insider Transactions at GAP

In other news, insider Amanda J. Thompson sold 25,000 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $25.14, for a total value of $628,500.00. Following the completion of the sale, the insider directly owned 86,228 shares of the company’s stock, valued at $2,167,771.92. This represents a 22.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder John J. Fisher sold 300,000 shares of the firm’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $25.40, for a total transaction of $7,620,000.00. Following the transaction, the insider directly owned 446,781 shares of the company’s stock, valued at $11,348,237.40. The trade was a 40.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 923,098 shares of company stock valued at $22,648,158. Company insiders own 31.00% of the company’s stock.

Hedge Funds Weigh In On GAP

Several institutional investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA grew its stake in GAP by 146.5% during the first quarter. Glenmede Trust Co. NA now owns 77,435 shares of the company’s stock valued at $1,874,000 after acquiring an additional 46,017 shares in the last quarter. Kentucky Retirement Systems purchased a new position in shares of GAP in the 1st quarter worth $529,000. California State Teachers Retirement System grew its stake in shares of GAP by 23.5% in the 1st quarter. California State Teachers Retirement System now owns 279,201 shares of the company’s stock worth $6,757,000 after buying an additional 53,098 shares in the last quarter. Miller Howard Investments Inc. NY grew its stake in shares of GAP by 112.2% in the 1st quarter. Miller Howard Investments Inc. NY now owns 1,704,021 shares of the company’s stock worth $41,237,000 after buying an additional 900,855 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of GAP by 2.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 73,812 shares of the company’s stock worth $1,890,000 after buying an additional 1,945 shares in the last quarter. 58.81% of the stock is owned by hedge funds and other institutional investors.

More GAP News

Here are the key news stories impacting GAP this week:

• Positive Sentiment: Gap said comparable sales increased 2% year over year, marking a ninth consecutive quarter of positive comps and showing underlying demand remains intact. Gap Inc. Reports First Quarter Fiscal 2026 Results
• Positive Sentiment: The company returned $464 million to shareholders through dividends and buybacks and raised its full-year EPS outlook, which suggests management still sees earnings resilience despite near-term sales pressure. Gap Inc. Reports First Quarter Fiscal 2026 Results
• Neutral Sentiment: Several Wall Street firms lowered price targets but mostly kept constructive ratings, signaling valuation support even after the selloff. Bank of America cut its target to $26 with a neutral rating, while Wells Fargo, Barclays, Goldman Sachs and BTIG also adjusted targets around the mid-to-high $20s. Analyst price target updates
• Negative Sentiment: Gap lowered its full-year revenue outlook to 1% to 2% growth from 2% to 3%, citing slower Old Navy growth and softer discretionary spending, which points to tougher demand conditions ahead. Gap Cuts Full-Year Sales Outlook, Citing Slower Old Navy Growth
• Negative Sentiment: Q1 revenue of $3.50 billion and EPS of $0.38 both slightly missed estimates, and management’s cautious second-quarter guidance reinforced concerns that margin pressure from tariffs and growth spending could persist. Gap Q1 Earnings Miss Estimates, Comparable Sales Rise 2% Y/Y
• Negative Sentiment: Investors are also reacting to the brand mix, as strength at the Gap banner was offset by weakness at Old Navy and Athleta, raising questions about how broad the turnaround really is. Gap Stock Plunges as Strong Sales at Namesake Stores Are Weighed Down By Weakness at Old Navy, Athleta

About GAP

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.