Robinhood Asset Management LLC Makes New Investment in The Gap, Inc. $GAP

Robinhood Asset Management LLC bought a new stake in shares of The Gap, Inc. (NYSE:GAP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 337,917 shares of the company’s stock, valued at approximately $6,312,000. Robinhood Asset Management LLC owned 0.09% of GAP as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Callan Family Office LLC acquired a new position in shares of GAP in the second quarter worth $651,000. Allworth Financial LP acquired a new stake in GAP during the second quarter valued at $240,000. Vise Technologies Inc. acquired a new stake in GAP during the second quarter valued at $360,000. Diversify Advisory Services LLC purchased a new position in GAP in the second quarter valued at about $329,000. Finally, Wealthfront Advisers LLC purchased a new position in GAP in the second quarter valued at about $1,323,000. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

GAP Price Performance

NYSE GAP opened at $19.77 on Friday. The Gap, Inc. has a fifty-two week low of $18.11 and a fifty-two week high of $29.36. The stock’s 50-day moving average is $20.08 and its two-hundred day moving average is $23.14. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.08. The firm has a market cap of $7.12 billion, a P/E ratio of 7.78, a price-to-earnings-growth ratio of 1.16 and a beta of 2.05.

GAP (NYSE:GAP) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 21.13% and a net margin of 6.25%.The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. On average, analysts anticipate that The Gap, Inc. will post 2.33 earnings per share for the current fiscal year.

GAP Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GAP. Bank of America cut their price target on GAP from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. Wells Fargo & Company reissued an “equal weight” rating and issued a $22.00 price target (down from $26.00) on shares of GAP in a research note on Friday, August 7th. The Goldman Sachs Group dropped their price objective on GAP from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 price objective on shares of GAP in a research report on Monday, July 6th. Finally, Evercore set a $20.00 target price on shares of GAP and gave the company an “in-line” rating in a research note on Friday, May 29th. 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.29.

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.