Pallas Capital Advisors LLC Takes Position in The Gap, Inc. $GAP

Pallas Capital Advisors LLC purchased a new position in shares of The Gap, Inc. (NYSE:GAP) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 27,020 shares of the company’s stock, valued at approximately $505,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio raised its holdings in GAP by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 71,867 shares of the company’s stock valued at $1,537,000 after acquiring an additional 447 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in GAP during the 4th quarter worth $26,000. Plato Investment Management Ltd acquired a new position in GAP during the 4th quarter worth $28,000. Global Retirement Partners LLC bought a new stake in shares of GAP in the 2nd quarter worth about $29,000. Finally, California State Teachers Retirement System increased its position in shares of GAP by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 226,506 shares of the company’s stock worth $4,940,000 after purchasing an additional 1,703 shares during the last quarter. Institutional investors own 58.81% of the company’s stock.

GAP Trading Up 0.1%

GAP stock opened at $20.09 on Thursday. The firm’s 50-day moving average is $20.16 and its 200-day moving average is $23.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.81. The Gap, Inc. has a 1 year low of $18.11 and a 1 year high of $29.36. The company has a market cap of $7.23 billion, a P/E ratio of 7.91, a PEG ratio of 1.18 and a beta of 2.05.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). GAP had a net margin of 6.25% and a return on equity of 21.13%. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same period last year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. On average, equities analysts expect that The Gap, Inc. will post 2.34 earnings per share for the current year.

GAP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, October 7th. GAP’s payout ratio is presently 27.56%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GAP. Weiss Ratings cut shares of GAP from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Barclays reissued an “equal weight” rating and issued a $20.00 price objective (down from $26.00) on shares of GAP in a report on Tuesday, August 11th. Morgan Stanley restated an “equal weight” rating and set a $21.00 price objective on shares of GAP in a research note on Monday, July 6th. TD Cowen reduced their target price on GAP from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $22.00 target price (down from $26.00) on shares of GAP in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

GAP 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.