Bank of New York Mellon Corp Acquires 368,191 Shares of The Gap, Inc. $GAP

Bank of New York Mellon Corp boosted its holdings in The Gap, Inc. (NYSE:GAP) by 13.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,195,934 shares of the company’s stock after acquiring an additional 368,191 shares during the quarter. Bank of New York Mellon Corp’s holdings in GAP were worth $81,816,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GAP. Amundi bought a new position in GAP in the 1st quarter worth about $259,000. EverSource Wealth Advisors LLC increased its stake in GAP by 177.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock worth $153,000 after acquiring an additional 4,483 shares during the last quarter. Jump Financial LLC bought a new position in GAP in the 2nd quarter worth about $612,000. California State Teachers Retirement System increased its stake in GAP by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 226,506 shares of the company’s stock worth $4,940,000 after acquiring an additional 1,703 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in GAP by 42.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company’s stock worth $96,134,000 after acquiring an additional 1,318,322 shares during the last quarter. 58.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on GAP. Telsey Advisory Group increased their price objective on GAP from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Jefferies Financial Group reduced their price objective on GAP from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. Bank of America reduced their price objective on GAP from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. Wells Fargo & Company reduced their price objective on GAP from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, BTIG Research reiterated a “buy” rating and set a $28.00 price objective on shares of GAP in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, GAP has a consensus rating of “Moderate Buy” and an average price target of $28.71.

Insider Buying and Selling at GAP

In other news, insider Julie Gruber sold 74,217 shares of GAP stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $23.85, for a total value of $1,770,075.45. Following the sale, the insider directly owned 53,970 shares in the company, valued at approximately $1,287,184.50. This trade represents a 57.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Breitbard sold 119,155 shares of GAP stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $23.80, for a total value of $2,835,889.00. Following the completion of the sale, the chief executive officer owned 135,884 shares in the company, valued at approximately $3,234,039.20. This represents a 46.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 923,098 shares of company stock worth $22,648,158 over the last quarter. Company insiders own 31.00% of the company’s stock.

GAP Price Performance

GAP opened at $21.29 on Tuesday. The stock’s 50 day simple moving average is $23.80 and its 200 day simple moving average is $25.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.08. The Gap, Inc. has a 1 year low of $18.68 and a 1 year high of $29.36. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 1.27 and a beta of 2.03.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). GAP had a return on equity of 21.13% and a net margin of 6.25%.The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. GAP’s revenue was up 1.0% compared to the same quarter last year. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. As a group, analysts predict that The Gap, Inc. will post 2.34 earnings per share for the current year.

GAP Dividend Announcement

The business also recently declared 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 3.3%. The ex-dividend date is Wednesday, July 8th. GAP’s dividend payout ratio (DPR) is presently 27.56%.

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.