Bank of New York Mellon Corp Lowers Position in The Gap, Inc. $GAP

Bank of New York Mellon Corp cut its position in shares of The Gap, Inc. (NYSE:GAP) by 2.0% during the 1st quarter, HoldingsChannel reports. The firm owned 3,132,774 shares of the company’s stock after selling 63,160 shares during the period. Bank of New York Mellon Corp’s holdings in GAP were worth $75,813,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GAP. Cullen Frost Bankers Inc. bought a new position in GAP in the fourth quarter worth $26,000. Plato Investment Management Ltd purchased a new position in GAP during the fourth quarter valued at $28,000. V Square Quantitative Management LLC bought a new stake in shares of GAP during the 4th quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its holdings 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 in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of GAP during the 4th quarter valued at $203,000. 58.81% of the stock is owned by hedge funds and other institutional investors.

GAP Trading Down 1.6%

NYSE GAP opened at $19.56 on Wednesday. The Gap, Inc. has a 12 month low of $18.11 and a 12 month high of $29.36. The stock has a market cap of $7.04 billion, a P/E ratio of 7.70, a P/E/G ratio of 1.17 and a beta of 2.04. The stock’s fifty day moving average price is $20.90 and its 200-day moving average price is $24.21. The company has a current ratio of 1.81, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41.

GAP (NYSE:GAP) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.38 earnings per share 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 21.13%. GAP’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. As a group, equities analysts forecast that The Gap, Inc. will post 2.34 EPS for the current fiscal year.

GAP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 8th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, July 8th. GAP’s dividend payout ratio is 27.56%.

Analyst Upgrades and Downgrades

GAP has been the subject of several research reports. Weiss Ratings lowered shares of GAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 7th. Morgan Stanley reissued an “equal weight” rating and set a $21.00 price target on shares of GAP in a research report on Monday, July 6th. TD Cowen dropped their price objective on shares of GAP from $32.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Jefferies Financial Group cut their price objective on shares of GAP from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Finally, Wells Fargo & Company decreased their target price on shares of GAP from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

About GAP

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.