The Gap, Inc. $GAP Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in The Gap, Inc. (NYSE:GAP) by 86.0% in the first quarter, Holdings Channel.com reports. The firm owned 26,757 shares of the company’s stock after selling 163,922 shares during the quarter. Pacer Advisors Inc.’s holdings in GAP were worth $648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GAP. Ameriprise Financial Inc. lifted its position in GAP by 4.1% during the third quarter. Ameriprise Financial Inc. now owns 4,588,800 shares of the company’s stock worth $98,154,000 after buying an additional 180,991 shares in the last quarter. Geode Capital Management LLC grew its holdings in GAP by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 4,291,846 shares of the company’s stock valued at $110,750,000 after buying an additional 14,141 shares in the last quarter. LSV Asset Management increased its stake in shares of GAP by 3.6% in the 4th quarter. LSV Asset Management now owns 3,462,702 shares of the company’s stock worth $88,645,000 after acquiring an additional 121,001 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of GAP by 13.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,195,934 shares of the company’s stock worth $81,816,000 after acquiring an additional 368,191 shares during the period. Finally, Miller Howard Investments Inc. NY raised its holdings in shares of GAP by 112.2% during the 1st quarter. Miller Howard Investments Inc. NY now owns 1,704,021 shares of the company’s stock worth $41,237,000 after acquiring an additional 900,855 shares during the period. Institutional investors and hedge funds own 58.81% of the company’s stock.

GAP Stock Up 4.9%

Shares of GAP opened at $21.47 on Tuesday. The company’s 50-day simple moving average is $20.31 and its 200-day simple moving average is $23.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.81. The Gap, Inc. has a 1 year low of $18.11 and a 1 year high of $29.36. The stock has a market capitalization of $7.73 billion, a PE ratio of 8.45, a P/E/G ratio of 1.21 and a beta of 2.05.

GAP (NYSE:GAP) last announced its quarterly earnings data 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 net margin of 6.25% and a return on equity of 21.13%. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter last year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. Analysts forecast that The Gap, Inc. will post 2.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GAP. BTIG Research set a $26.00 price objective on shares of GAP in a report on Thursday, July 30th. The Goldman Sachs Group decreased their target price on shares of GAP from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, May 29th. TD Cowen dropped their price target on shares of GAP from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Morgan Stanley restated an “equal weight” rating and set a $21.00 price target on shares of GAP in a report on Monday, July 6th. Finally, Jefferies Financial Group reduced their price target on shares of GAP from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.57.

GAP 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.