HighTower Advisors LLC Sells 511,921 Shares of The Gap, Inc. $GAP

HighTower Advisors LLC lowered its holdings in The Gap, Inc. (NYSE:GAP) by 41.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 714,214 shares of the company’s stock after selling 511,921 shares during the period. HighTower Advisors LLC’s holdings in GAP were worth $13,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Cullen Frost Bankers Inc. bought a new position in shares of GAP in the 4th quarter valued at about $26,000. Global Retirement Partners LLC acquired a new position in GAP during the second quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in GAP in the second quarter valued at approximately $50,000. Quantbot Technologies LP acquired a new position in shares of GAP during the 2nd quarter worth approximately $73,000. Finally, Westpac Banking Corp acquired a new position in shares of GAP during the 2nd quarter worth approximately $103,000. 58.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. UBS Group increased their price objective on GAP from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 28th. Weiss Ratings lowered shares of GAP from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. BMO Capital Markets began coverage on shares of GAP in a research report on Tuesday. They issued a “market perform” rating and a $23.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of GAP from $22.00 to $23.00 and gave the stock a “cautious” rating in a research note on Friday, August 28th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $27.00 target price (down from $35.00) on shares of GAP in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.07.

GAP Price Performance

Shares of NYSE GAP opened at $21.35 on Thursday. The stock has a market capitalization of $7.50 billion, a PE ratio of 6.37, a P/E/G ratio of 0.95 and a beta of 2.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.82 and a quick ratio of 1.11. The business has a fifty day moving average price of $20.44 and a two-hundred day moving average price of $22.53. The Gap, Inc. has a fifty-two week low of $18.11 and a fifty-two week high of $29.36.

GAP (NYSE:GAP) last released its earnings results on Thursday, August 27th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.69 billion. GAP had a net margin of 8.14% and a return on equity of 19.72%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, equities analysts predict that The Gap, Inc. will post 2.41 earnings per share for the current fiscal year.

GAP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders 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 dividend yield of 3.3%. The ex-dividend date is Wednesday, October 7th. GAP’s dividend payout ratio is presently 20.90%.

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.