GAP (NYSE:GAP) Given New $22.00 Price Target at Wells Fargo & Company

GAP (NYSE:GAP) had its price target lowered by Wells Fargo & Company from $23.00 to $22.00 in a report issued on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other equities analysts have also weighed in on GAP. Bank of America increased their price target on shares of GAP from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. Weiss Ratings raised shares of GAP from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 29th. Wolfe Research assumed coverage on shares of GAP in a research report on Wednesday, October 21st. They issued a “peer perform” rating on the stock. TD Cowen boosted their target price on shares of GAP from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Finally, The Goldman Sachs Group increased their target price on shares of GAP from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $27.00.

GAP Stock Performance

GAP stock traded down $0.15 during mid-day trading on Friday, reaching $21.10. 6,510,655 shares of the company’s stock were exchanged, compared to its average volume of 5,240,126. The business’s fifty day simple moving average is $22.24 and its 200 day simple moving average is $22.91. The company has a quick ratio of 1.11, a current ratio of 1.82 and a debt-to-equity ratio of 0.38. GAP has a one year low of $18.11 and a one year high of $29.36. The firm has a market capitalization of $7.41 billion, a PE ratio of 6.30, a P/E/G ratio of 0.89 and a beta of 2.12.

GAP (NYSE:GAP) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. GAP had a return on equity of 19.72% and a net margin of 8.14%. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. On average, sell-side analysts expect that GAP will post 2.40 earnings per share for the current year.

GAP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 27th. Stockholders of record on Wednesday, January 6th will be given a dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, January 6th. GAP’s dividend payout ratio is currently 20.90%.

Insider Buying and Selling at GAP

In related news, Director William Fisher sold 500,000 shares of GAP stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $23.89, for a total value of $11,945,000.00. Following the completion of the sale, the director owned 15,903,198 shares of the company’s stock, valued at approximately $379,927,400.22. This trade represents a 3.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Julie Gruber sold 27,538 shares of GAP stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $23.56, for a total value of $648,795.28. Following the completion of the sale, the insider directly owned 30,876 shares of the company’s stock, valued at approximately $727,438.56. This trade represents a 47.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,027,538 shares of company stock valued at $24,249,556 in the last quarter. 31.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GAP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Entropy Technologies LP purchased a new position in shares of GAP in the third quarter worth about $2,411,000. Pathstone Holdings LLC raised its position in shares of GAP by 129.8% in the third quarter. Pathstone Holdings LLC now owns 25,793 shares of the company’s stock valued at $604,000 after purchasing an additional 14,570 shares during the period. Marshall Wace LLP raised its position in shares of GAP by 287.4% in the third quarter. Marshall Wace LLP now owns 576,696 shares of the company’s stock valued at $13,172,000 after purchasing an additional 427,835 shares during the period. Empowered Funds LLC lifted its stake in shares of GAP by 1.1% during the 3rd quarter. Empowered Funds LLC now owns 659,551 shares of the company’s stock valued at $15,064,000 after buying an additional 7,496 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its stake in shares of GAP by 34.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 66,160 shares of the company’s stock valued at $1,511,000 after buying an additional 16,897 shares in the last quarter. Institutional investors own 58.81% of the company’s stock.

GAP Company Profile

Gap Inc. is an American specialty retailer of apparel, accessories and related products. Its portfolio includes Gap, Old Navy, Banana Republic and Athleta, with merchandise sold through company-operated stores and online channels. Founded in San Francisco in 1969 by Donald and Doris Fisher, the company serves customers in North America and other markets through its stores, e-commerce operations and franchise partners. Richard Dickson became Gap Inc.’s president and chief executive officer in 2023.