The Gap, Inc. (NYSE:GAP) Stock Has Average Price Target of $27.07 According to Analysts

Shares of The Gap, Inc. (NYSE:GAP) have received a consensus recommendation of “Hold” from the twenty-one research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $27.07.

GAP has been the topic of several recent analyst reports. TD Cowen lifted their target price on GAP from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Needham & Company LLC assumed coverage on GAP in a research note on Friday, October 16th. They set a “hold” rating for the company. Morgan Stanley raised their target price on shares of GAP from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, August 28th. Wells Fargo & Company upped their price target on shares of GAP from $22.00 to $23.00 and gave the company a “cautious” rating in a report on Friday, August 28th. Finally, BMO Capital Markets began coverage on shares of GAP in a research report on Tuesday, September 8th. They issued a “market perform” rating and a $23.00 price objective on the stock.

Insiders Place Their Bets

In other news, Director William Fisher sold 500,000 shares of the company’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $23.89, for a total transaction of $11,945,000.00. Following the completion of the sale, the director directly owned 15,903,198 shares in the company, valued at approximately $379,927,400.22. This represents a 3.05% decrease in their position. The transaction 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 the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $23.56, for a total value of $648,795.28. Following the sale, the insider directly owned 30,876 shares in the company, valued at approximately $727,438.56. This trade represents a 47.14% decrease in their ownership of the stock. 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. In the last 90 days, insiders sold 1,027,538 shares of company stock worth $24,249,556. 31.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Balance Wealth Partners LLC bought a new stake in GAP during the third quarter worth about $109,000. Miller Howard Investments Inc. NY grew its stake in GAP by 23.1% during the third quarter. Miller Howard Investments Inc. NY now owns 1,998,779 shares of the company’s stock worth $45,652,000 after buying an additional 374,739 shares in the last quarter. Signaturefd LLC increased its holdings in GAP by 57.4% in the 3rd quarter. Signaturefd LLC now owns 6,576 shares of the company’s stock valued at $150,000 after buying an additional 2,397 shares during the period. Sowell Financial Services LLC increased its holdings in GAP by 9.3% in the 3rd quarter. Sowell Financial Services LLC now owns 71,231 shares of the company’s stock valued at $1,627,000 after buying an additional 6,082 shares during the period. Finally, MBL Wealth LLC bought a new position in GAP in the 3rd quarter valued at about $349,000. Institutional investors own 58.81% of the company’s stock.

GAP Stock Performance

GAP stock opened at $21.75 on Friday. GAP has a one year low of $18.11 and a one year high of $29.36. The business has a 50 day simple moving average of $21.98 and a 200 day simple moving average of $23.24.

GAP (NYSE:GAP) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the firm 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. As a group, sell-side analysts anticipate that GAP will post 2.41 EPS for the current fiscal year.

GAP Dividend Announcement

The company 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 dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, October 7th.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections. The Old Navy Global segment offers clothing and accessories for adults and children.