Caisse DE Depot ET Placement DU Quebec Acquires New Stake in The Gap, Inc. $GAP

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired 349,665 shares of The Gap, Inc., valued at approximately $7.2 million, representing a 0.09% ownership stake.
• Several hedge funds have also added positions in GAP, with Dodge & Cox purchasing a significant stake worth around $592 million during the same period.
• The Gap, Inc. recently declared a quarterly dividend of $0.165 per share, yielding about 3.0%, with a payout ratio of 28.57%.

Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of The Gap, Inc. (NYSE:GAP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 349,665 shares of the company's stock, valued at approximately $7,207,000. Caisse DE Depot ET Placement DU Quebec owned 0.09% of GAP at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dodge & Cox purchased a new position in shares of GAP during the first quarter valued at about $592,222,000. Ameriprise Financial Inc. purchased a new position in shares of GAP during the first quarter valued at about $63,674,000. Bank of New York Mellon Corp purchased a new position in shares of GAP during the first quarter valued at about $56,763,000. LSV Asset Management purchased a new position in shares of GAP during the first quarter valued at about $32,655,000. Finally, Rhumbline Advisers purchased a new position in shares of GAP during the first quarter valued at about $12,210,000. Hedge funds and other institutional investors own 58.81% of the company's stock.

GAP Stock Up 1.6%

GAP traded up $0.34 during trading on Friday, hitting $22.02. 26,895,383 shares of the company's stock traded hands, compared to its average volume of 8,787,238. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 2.43 and a beta of 2.15. The company's 50 day simple moving average is $21.09 and its two-hundred day simple moving average is $21.72. The Gap, Inc. has a 12-month low of $16.99 and a 12-month high of $29.29. The company has a current ratio of 1.71, a quick ratio of 0.98 and a debt-to-equity ratio of 0.45.

GAP (NYSE:GAP - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. GAP had a return on equity of 27.44% and a net margin of 5.86%.The firm had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The company's revenue was up .1% on a year-over-year basis. GAP has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 8th will be paid a dividend of $0.165 per share. The ex-dividend date is Wednesday, October 8th. This represents a $0.66 annualized dividend and a yield of 3.0%. GAP's dividend payout ratio is currently 28.57%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GAP shares. Evercore ISI boosted their price target on shares of GAP from $24.00 to $25.00 and gave the company an "outperform" rating in a research report on Friday. Wall Street Zen cut shares of GAP from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Telsey Advisory Group cut their price objective on shares of GAP from $26.00 to $24.00 and set a "market perform" rating on the stock in a report on Monday, August 25th. UBS Group cut their price objective on shares of GAP from $27.00 to $23.00 and set a "neutral" rating on the stock in a report on Friday, August 22nd. Finally, Wells Fargo & Company cut their price objective on shares of GAP from $24.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, GAP has a consensus rating of "Hold" and a consensus target price of $25.87.

GAP Company Profile

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.