The Gap, Inc. $GAP Stock Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its stake in shares of The Gap, Inc. (NYSE:GAP) by 24.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 682,993 shares of the company’s stock after selling 217,268 shares during the period. Crossmark Global Holdings Inc.’s holdings in GAP were worth $15,600,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in GAP in the 2nd quarter valued at $29,000. Amundi lifted its stake in GAP by 3.6% in the 2nd quarter. Amundi now owns 49,008 shares of the company’s stock worth $916,000 after purchasing an additional 1,723 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of GAP during the 2nd quarter valued at about $50,000. Cookson Peirce & Co. Inc. boosted its holdings in shares of GAP by 5.8% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 49,602 shares of the company’s stock valued at $927,000 after purchasing an additional 2,715 shares during the last quarter. Finally, Empirical Finance LLC boosted its holdings in shares of GAP by 6.7% during the 2nd quarter. Empirical Finance LLC now owns 44,937 shares of the company’s stock valued at $839,000 after purchasing an additional 2,839 shares during the last quarter. 58.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on GAP shares. Jefferies Financial Group lowered GAP from a “buy” rating to a “hold” rating and cut their price objective for the company from $29.00 to $23.00 in a research report on Wednesday, August 12th. Wolfe Research began coverage on GAP in a report on Wednesday. They issued a “peer perform” rating on the stock. UBS Group boosted their target price on GAP from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Weiss Ratings raised GAP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, BTIG Research increased their price target on GAP from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, GAP has an average rating of “Hold” and an average price target of $27.07.

Insider Buying and Selling

In other news, Director William Fisher sold 500,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 15,903,198 shares of the company’s stock, valued at approximately $379,927,400.22. The trade was a 3.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Julie Gruber sold 27,538 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $23.56, for a total value of $648,795.28. Following the sale, the insider owned 30,876 shares in the company, valued at $727,438.56. The trade was a 47.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,027,538 shares of company stock valued at $24,249,556. Company insiders own 31.00% of the company’s stock.

GAP Stock Down 3.1%

Shares of NYSE:GAP opened at $22.74 on Thursday. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.98 and a beta of 2.05. The Gap, Inc. has a 12 month low of $18.11 and a 12 month high of $29.36. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $21.87 and a 200 day moving average price of $21.91.

GAP (NYSE:GAP) last issued 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. GAP had a return on equity of 19.72% and a net margin of 8.14%. The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The firm’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, equities research analysts predict that The Gap, Inc. will post 2.41 earnings per share for the current year.

GAP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a $0.1750 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, October 7th. GAP’s dividend payout ratio (DPR) is presently 20.90%.

About GAP

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.