Legal & General Group Plc Invests $6.46 Million in The Gap, Inc. $GAP

Key Points

• Legal & General Group Plc acquired 345,719 GAP shares in the second quarter, valued at approximately $6.46 million, while institutional investors collectively own 58.81% of the company.
• GAP reported quarterly EPS of $0.52, beating estimates of $0.48, but revenue fell 2% year over year to $3.65 billion. The company guided to fiscal 2026 EPS of $2.35–$2.45.
• GAP declared a quarterly dividend of $0.175 per share, equivalent to an annualized $0.70 payout and a 3.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $27.36.

Legal & General Group Plc acquired a new stake in The Gap, Inc. (NYSE:GAP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 345,719 shares of the company's stock, valued at approximately $6,458,000. Legal & General Group Plc owned approximately 0.10% of GAP as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in GAP in the second quarter worth $428,824,000. Ameriprise Financial Inc. raised its holdings in shares of GAP by 4.1% during the third 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 during the period. Geode Capital Management LLC raised its holdings in shares of GAP by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 4,291,846 shares of the company's stock valued at $110,750,000 after purchasing an additional 14,141 shares during the period. LSV Asset Management boosted its position in shares of 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its stake 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 buying an additional 368,191 shares during the period. Institutional investors and hedge funds own 58.81% of the company's stock.

GAP Stock Up 0.3%

GAP stock opened at $22.07 on Thursday. The stock has a market cap of $7.75 billion, a P/E ratio of 6.59, a P/E/G ratio of 0.93 and a beta of 2.08. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock's fifty day simple moving average is $20.15 and its two-hundred day simple moving average is $22.73. The Gap, Inc. has a 1-year low of $18.11 and a 1-year high of $29.36.

GAP (NYSE:GAP - Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.69 billion. GAP had a return on equity of 19.72% and a net margin of 8.14%.The business's revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. Analysts expect that The Gap, Inc. will post 2.41 EPS for the current year.

GAP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, October 7th. GAP's dividend payout ratio (DPR) is 20.90%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GAP. TD Cowen boosted their target price on GAP from $23.00 to $27.00 and gave the company a "buy" rating in a research report on Friday, August 28th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $27.00 price objective (down from $35.00) on shares of GAP in a research note on Friday, May 29th. Morgan Stanley boosted their price objective on GAP from $21.00 to $23.00 and gave the company an "equal weight" rating in a report on Friday, August 28th. The Goldman Sachs Group upped their target price on GAP from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Monday. Finally, UBS Group increased their target price on GAP from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Friday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, GAP presently has an average rating of "Hold" and a consensus price target of $27.36.

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.

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