TD Cowen Cuts GAP (NYSE:GAP) Price Target to $26.00

GAP (NYSE:GAP) had its target price reduced by analysts at TD Cowen from $32.00 to $26.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price target indicates a potential upside of 25.44% from the stock’s current price.

A number of other brokerages have also issued reports on GAP. The Goldman Sachs Group upped their price target on shares of GAP from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Citigroup upped their price objective on shares of GAP from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Telsey Advisory Group upped their price objective on shares of GAP from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Argus raised shares of GAP to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of GAP from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, GAP currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.29.

GAP Stock Performance

GAP stock traded down $0.32 during mid-day trading on Monday, reaching $20.73. 1,772,183 shares of the company traded hands, compared to its average volume of 7,579,049. 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 has a fifty-two week low of $18.68 and a fifty-two week high of $29.36. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 1.22 and a beta of 2.11. The firm’s fifty day moving average is $24.40 and its two-hundred day moving average is $25.71.

GAP (NYSE:GAP) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). GAP had a net margin of 5.31% and a return on equity of 22.98%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. On average, equities research analysts expect that GAP will post 2.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 transaction of $628,500.00. Following the sale, the insider directly owned 86,228 shares of the company’s stock, valued at approximately $2,167,771.92. This represents a 22.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder John J. Fisher sold 300,000 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $25.40, for a total transaction of $7,620,000.00. Following the sale, the insider directly owned 446,781 shares in the company, valued at $11,348,237.40. This trade represents a 40.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 923,098 shares of company stock worth $22,648,158. Company insiders own 31.00% of the company’s stock.

Institutional Trading of GAP

Hedge funds have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new stake in GAP during the fourth quarter worth $26,000. Plato Investment Management Ltd purchased a new stake in GAP during the fourth quarter worth $28,000. V Square Quantitative Management LLC purchased a new stake in GAP during the fourth quarter worth $31,000. Root Financial Partners LLC purchased a new stake in GAP during the third quarter worth $27,000. Finally, Cornerstone Planning Group LLC purchased a new stake in GAP during the third quarter worth $35,000. 58.81% of the stock is owned by hedge funds and other institutional investors.

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.