Wealthfront Advisers LLC Takes Position in The Gap, Inc. $GAP

Wealthfront Advisers LLC purchased a new position in The Gap, Inc. (NYSE:GAP) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 70,845 shares of the company’s stock, valued at approximately $1,323,000.

Several other institutional investors have also made changes to their positions in the stock. Cullen Frost Bankers Inc. purchased a new position in GAP during the fourth quarter valued at approximately $26,000. Plato Investment Management Ltd purchased a new stake in GAP in the 4th quarter worth approximately $28,000. Global Retirement Partners LLC purchased a new stake in GAP in the 2nd quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of GAP during the 2nd quarter valued at $50,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of GAP by 177.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock valued at $153,000 after buying an additional 4,483 shares during the period. 58.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GAP shares. Jefferies Financial Group downgraded shares of GAP from a “buy” rating to a “hold” rating and dropped their price target for the stock from $29.00 to $23.00 in a research note on Wednesday, August 12th. Bank of America reduced their price objective on GAP from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. Morgan Stanley restated an “equal weight” rating and issued a $21.00 target price on shares of GAP in a research note on Monday, July 6th. The Goldman Sachs Group dropped their target price on GAP from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $22.00 price target (down from $26.00) on shares of GAP in a research note 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.29.

GAP Stock Performance

NYSE:GAP opened at $19.77 on Friday. The Gap, Inc. has a 1 year low of $18.11 and a 1 year high of $29.36. The firm’s fifty day simple moving average is $20.08 and its 200 day simple moving average is $23.14. The company has a current ratio of 1.81, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $7.12 billion, a PE ratio of 7.78, a PEG ratio of 1.16 and a beta of 2.05.

GAP (NYSE:GAP) last released its earnings results on Thursday, May 28th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). GAP had a return on equity of 21.13% and a net margin of 6.25%.The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s 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, sell-side analysts anticipate that The Gap, Inc. will post 2.33 EPS for the current year.

GAP Announces Dividend

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

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.