Gap

The board of directors of Gap Inc. has approved a dividend of $0.175 per share for the third quarter of fiscal 2026. Payment will be made on or after October 28, 2026 to shareholders of record at the close of business on October 7, 2026. » More on de.investing.com

Jefferies and Barclays downgraded Gap on the same day, cutting their price targets from $29 and $26 to $23 and $20, respectively. Both banks cite weakening price discipline, increased discounting at Old Navy and disappointing trends at Athleta as reasons. The stock fell in premarket trading to about $20.70; the next quarterly report on August 27 is seen as a potential sentiment changer. » More on de.investing.com

Gap shares fell almost 2% in premarket trading after Barclays lowered its rating from "Overweight" to "Equalweight" and cut the price target from $26 to $20. Barclays pointed to increased discounting at Old Navy and Banana Republic, weak same-store sales at Old Navy and a disappointing recovery at Athleta. The downgrade follows a similar move by Wells Fargo and highlights concerns about weakening discount discipline and threatened margin improvements. Investors remain cautious ahead of the quarterly results on August 27 until management can demonstrate a turnaround. » More on de.investing.com