Andrew Garbarino

Representative Andrew R. Garbarino (R-New York) recently sold shares of The Gap, Inc. (NYSE:GAP). In a filing disclosed on August 21st, the Representative disclosed that they had sold between $1,001 and $15,000 in GAP stock on August 21st. The trade occurred in the Representative’s “STOCK ACCOUNT” account.

GAP Stock Up 0.5%

GAP stock opened at $21.52 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 0.98 and a debt-to-equity ratio of 0.45. The Gap, Inc. has a 1-year low of $16.99 and a 1-year high of $29.29. The company has a fifty day simple moving average of $21.02 and a 200 day simple moving average of $21.73. The company has a market cap of $8.10 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 2.37 and a beta of 2.15.

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GAP (NYSE:GAP – Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.44 by $0.07. The firm had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.41 billion. GAP had a net margin of 5.80% and a return on equity of 27.86%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. GAP has set its FY 2025 guidance at EPS. Q2 2025 guidance at EPS. Research analysts anticipate that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Announces Dividend

Institutional Inflows and Outflows

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 8th will be given a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $0.66 dividend on an annualized basis and a yield of 3.1%. GAP’s dividend payout ratio (DPR) is 28.57%.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dodge & Cox bought a new stake in GAP in the 1st quarter valued at $592,222,000. Ameriprise Financial Inc. acquired a new position in shares of GAP in the first quarter valued at $63,674,000. Bank of New York Mellon Corp acquired a new position in shares of GAP in the first quarter valued at $56,763,000. LSV Asset Management raised its position in shares of GAP by 101.0% in the second quarter. LSV Asset Management now owns 3,184,477 shares of the company’s stock valued at $69,453,000 after purchasing an additional 1,600,041 shares during the period. Finally, Rhumbline Advisers acquired a new stake in shares of GAP during the 1st quarter worth about $12,210,000. 58.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GAP shares. Wells Fargo & Company lowered GAP from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $30.00 to $24.00 in a report on Wednesday, April 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $26.00 price target on shares of GAP in a research report on Monday. Wall Street Zen downgraded GAP from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. JPMorgan Chase & Co. raised their target price on shares of GAP from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. Finally, Citigroup restated a “neutral” rating and set a $22.00 target price (down from $30.00) on shares of GAP in a report on Wednesday, August 20th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.73.

Read Our Latest Stock Analysis on GAP

About Representative Garbarino

Andrew Garbarino (Republican Party) is a member of the U.S. House, representing New York’s 2nd Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Garbarino (Republican Party, Conservative Party) ran for re-election to the U.S. House to represent New York’s 2nd Congressional District. He won in the general election on November 5, 2024.

Andrew Garbarino was born in Sayville, New York. Garbarino earned a B.A. in history and classical humanities from George Washington University and a J.D. from Hofstra University. His career experience includes working with his family’s law firm. Garbarino is a member of the Sayville Rotary Club and Knights of Columbus.

About GAP

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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.

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