Connor Clark & Lunn Investment Management Ltd. Takes $12.79 Million Position in The Gap, Inc. $GAP

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of The Gap, Inc. (NYSE:GAP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 684,889 shares of the company’s stock, valued at approximately $12,794,000.

Several other institutional investors have also modified their holdings of GAP. BlackRock Inc. purchased a new position in GAP in the second quarter valued at about $428,824,000. Ameriprise Financial Inc. grew its stake in GAP by 4.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,588,800 shares of the company’s stock valued at $98,154,000 after purchasing an additional 180,991 shares in the last quarter. Geode Capital Management LLC increased its holdings in GAP by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 4,291,846 shares of the company’s stock worth $110,750,000 after purchasing an additional 14,141 shares during the last quarter. LSV Asset Management increased its holdings in GAP by 3.6% during the 4th quarter. LSV Asset Management now owns 3,462,702 shares of the company’s stock worth $88,645,000 after purchasing an additional 121,001 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of GAP by 13.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,195,934 shares of the company’s stock valued at $81,816,000 after purchasing an additional 368,191 shares in the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.

GAP Stock Down 1.0%

Shares of GAP stock opened at $20.15 on Wednesday. The business has a 50-day moving average price of $20.01 and a 200 day moving average price of $22.98. The Gap, Inc. has a fifty-two week low of $18.11 and a fifty-two week high of $29.36. The firm has a market cap of $7.25 billion, a P/E ratio of 7.93, a P/E/G ratio of 1.21 and a beta of 2.05. The company has a quick ratio of 1.08, a current ratio of 1.81 and a debt-to-equity ratio of 0.41.

GAP (NYSE:GAP) last issued its earnings results on Thursday, May 28th. The company reported $0.38 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 firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the previous year, the business posted $0.51 EPS. 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. On average, sell-side analysts forecast that The Gap, Inc. will post 2.33 earnings per share for the current fiscal year.

GAP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a dividend of $0.175 per share. The ex-dividend date is Wednesday, October 7th. This represents a $0.70 annualized dividend and a yield of 3.5%. GAP’s dividend payout ratio (DPR) is 27.56%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Jefferies Financial Group cut GAP from a “buy” rating to a “hold” rating and reduced their target price for the company from $29.00 to $23.00 in a research note on Wednesday, August 12th. Barclays restated an “equal weight” rating and issued a $20.00 price target (down from $26.00) on shares of GAP in a research note on Tuesday, August 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $27.00 price target (down from $35.00) on shares of GAP in a report on Friday, May 29th. Weiss Ratings cut shares of GAP from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Finally, BTIG Research set a $26.00 price objective on shares of GAP in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.29.

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.