Legacy Capital reduces Gap stake amid market weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 02 Jan 26
Source: Fool
Gap Inc shares fell by 3.01% today, hitting a 20-day low amid a broader market decline, with the Nasdaq-100 down 0.21% and the S&P 500 down 0.04%.
This decline is attributed to Legacy Capital Wealth Partners reducing its stake in Gap by $4.32 million, indicating waning confidence in the stock. The fund's holding decreased from 582,356 shares to 382,356 shares, now representing only 1.8% of its 13F AUM. This sell-off reflects concerns about Gap's growth potential, especially as the stock has underperformed the S&P 500 over the past year.
The implications of this stake reduction suggest that investor sentiment towards Gap is weakening, which may further impact its stock performance in a competitive retail environment.
Analyst Views on GAP
Wall Street analysts forecast GAP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GAP is 31.07 USD with a low forecast of 25.00 USD and a high forecast of 41.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
12 Buy
3 Hold
0 Sell
Strong Buy
Current: 26.980
Low
25.00
Averages
31.07
High
41.00
Current: 26.980
Low
25.00
Averages
31.07
High
41.00
About GAP
The Gap, Inc. is a specialty apparel company in America. The Company offers apparel, accessories and personal care products for women, men, and children. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories and lifestyle products for men, women, and children. It is an omni-channel retailer, with sales to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. Its omni-channel services, including buying online pick-up in-store, order-in-store, find-in-store, and ship-from-store, as well as enhanced mobile-enabled experiences, are tailored across its collection of brands. Gap includes adult apparel and accessories; GapKids, babyGap, Gap Maternity, GapBody, and GapFit collections. Banana Republic is a premium lifestyle retailer celebrating exploration and self-expression through timeless quality, versatile fabrics, and exceptionally made womenswear, menswear, and home designs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
