GAP (NYSE:GAP) Price Target Lowered to $29.00 at Jefferies Financial Group

GAP (NYSE:GAP) had its target price trimmed by Jefferies Financial Group from $32.00 to $29.00 in a research note published on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also commented on GAP. The Goldman Sachs Group lowered their target price on GAP from $32.00 to $28.00 and set a “buy” rating for the company in a report on Friday. Zacks Research lowered GAP from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Wells Fargo & Company lowered their target price on GAP from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Friday. BTIG Research reaffirmed a “buy” rating and set a $28.00 target price on shares of GAP in a report on Friday. Finally, Barclays lowered their target price on GAP from $33.00 to $26.00 and set an “overweight” rating for the company in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, GAP has an average rating of “Moderate Buy” and a consensus price target of $28.71.

GAP Trading Down 15.4%

Shares of NYSE GAP opened at $21.14 on Friday. The stock has a market capitalization of $7.72 billion, a P/E ratio of 8.32, a PEG ratio of 1.45 and a beta of 2.11. The stock’s 50 day moving average price is $24.20 and its two-hundred day moving average price is $25.66. GAP has a 52-week low of $18.68 and a 52-week high of $29.36. The company has a quick ratio of 1.08, a current ratio of 1.75 and a debt-to-equity ratio of 0.39.

GAP (NYSE:GAP) last posted its earnings results on Thursday, May 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.52 billion. GAP had a net margin of 6.25% and a return on equity of 21.17%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. On average, analysts anticipate that GAP will post 2.29 earnings per share for the current fiscal year.

GAP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 8th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, July 8th. GAP’s dividend payout ratio is 27.56%.

Insiders Place Their Bets

In related news, major shareholder John J. Fisher sold 300,000 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $25.40, for a total value of $7,620,000.00. Following the completion of the transaction, the insider directly owned 446,781 shares of the company’s stock, valued at $11,348,237.40. This represents a 40.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Horacio Barbeito sold 113,684 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $24.01, for a total value of $2,729,552.84. Following the completion of the transaction, the chief executive officer directly owned 115,024 shares of the company’s stock, valued at $2,761,726.24. This trade represents a 49.71% 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. 31.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On GAP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA grew its holdings in GAP by 146.5% in the 1st quarter. Glenmede Trust Co. NA now owns 77,435 shares of the company’s stock worth $1,874,000 after buying an additional 46,017 shares in the last quarter. Kentucky Retirement Systems bought a new position in GAP in the 1st quarter worth approximately $529,000. California State Teachers Retirement System grew its holdings in GAP by 23.5% in the 1st quarter. California State Teachers Retirement System now owns 279,201 shares of the company’s stock worth $6,757,000 after buying an additional 53,098 shares in the last quarter. Miller Howard Investments Inc. NY grew its holdings in GAP by 112.2% in the 1st quarter. Miller Howard Investments Inc. NY now owns 1,704,021 shares of the company’s stock worth $41,237,000 after buying an additional 900,855 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in GAP by 2.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 73,812 shares of the company’s stock worth $1,890,000 after purchasing an additional 1,945 shares during the period. 58.81% of the stock is owned by institutional investors.

Key Headlines Impacting GAP

Here are the key news stories impacting GAP this week:

• Negative Sentiment: The Gap reported Q1 EPS of $0.38, missing estimates, and revenue of $3.50 billion, also slightly below expectations. The market is reacting to the earnings miss and lower revenue trend. Article Title
• Negative Sentiment: Management lowered fiscal 2026 revenue guidance to 1% to 2% growth from 2% to 3%, citing slower Old Navy growth and weaker-than-expected spring/summer demand. Article Title
• Negative Sentiment: Several headlines highlighted that shares fell sharply after the company’s cautious Q2 outlook and sales guidance reset, with analysts and media focusing on the weak consumer backdrop and pressure on nonessential spending. Article Title
• Neutral Sentiment: Gap still posted 2% comparable sales growth for a ninth straight quarter, and the flagship Gap brand remained relatively strong, which partially offsets the weaker outlook. Article Title
• Neutral Sentiment: Analysts broadly kept positive or neutral ratings but lowered price targets, signaling that Wall Street sees upside from current levels, while acknowledging slower near-term growth. Article Title
• Negative Sentiment: A shareholder investigation notice added another overhang, reflecting investor concern that the quarter’s results may have involved disclosure or securities-law issues. Article Title

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.