The Manufacturers Life Insurance Company Takes $3.11 Million Position in The Gap, Inc. $GAP

Key Points

• The Manufacturers Life Insurance Company acquired 166,321 Gap shares worth approximately $3.11 million in the second quarter. Institutional investors collectively own 58.81% of GAP’s outstanding stock.
• Analyst sentiment is mixed: UBS and Goldman Sachs raised their price targets, while JPMorgan and Jefferies lowered theirs. The stock has an average “Hold” rating and a consensus target price of $27.36.
• Gap reported quarterly EPS of $0.52, beating estimates of $0.48, but revenue of $3.65 billion fell short of expectations and declined 2% year over year. The company also declared a quarterly dividend of $0.175 per share, representing a 3.2% annualized yield.

The Manufacturers Life Insurance Company purchased a new stake in shares of The Gap, Inc. (NYSE:GAP - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 166,321 shares of the company's stock, valued at approximately $3,107,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in GAP in the 2nd quarter valued at about $428,824,000. Ameriprise Financial Inc. increased 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 worth $98,154,000 after buying an additional 180,991 shares during the period. Geode Capital Management LLC increased its stake 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 buying an additional 14,141 shares during the period. LSV Asset Management lifted 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 buying an additional 121,001 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in 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. Hedge funds and other institutional investors own 58.81% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GAP shares. UBS Group upped their price target on GAP from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Friday. The Goldman Sachs Group upped their target price on shares of GAP from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Monday. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $27.00 price target (down from $35.00) on shares of GAP in a research note on Friday, May 29th. Jefferies Financial Group downgraded shares of GAP from a "buy" rating to a "hold" rating and decreased their price target for the stock from $29.00 to $23.00 in a research note on Wednesday, August 12th. Finally, Weiss Ratings cut shares of GAP from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, GAP has an average rating of "Hold" and a consensus target price of $27.36.

GAP Stock Down 1.2%

Shares of NYSE GAP opened at $22.05 on Wednesday. The stock has a market cap of $7.94 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 0.89 and a beta of 2.05. The company has a quick ratio of 1.11, a current ratio of 1.82 and a debt-to-equity ratio of 0.38. The Gap, Inc. has a 52-week low of $18.11 and a 52-week high of $29.36. The business has a 50-day moving average price of $20.13 and a 200 day moving average price of $22.76.

GAP (NYSE:GAP - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.69 billion. GAP had a return on equity of 19.72% and a net margin of 8.14%.The firm's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. Equities research analysts forecast that The Gap, Inc. will post 2.55 earnings per share for the current year.

GAP Announces Dividend

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

About GAP

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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