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

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in The Gap, Inc. (NYSE:GAP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 684,889 shares of the company’s stock, valued at approximately $12,794,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.19% of GAP at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GAP. BlackRock Inc. acquired a new stake in GAP during the 2nd quarter worth approximately $428,824,000. Ameriprise Financial Inc. raised its holdings in GAP by 4.1% in the third quarter. Ameriprise Financial Inc. now owns 4,588,800 shares of the company’s stock valued at $98,154,000 after buying an additional 180,991 shares during the period. Geode Capital Management LLC lifted its position in 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 buying an additional 14,141 shares in the last quarter. LSV Asset Management lifted its position in GAP by 3.6% during the fourth quarter. LSV Asset Management now owns 3,462,702 shares of the company’s stock valued at $88,645,000 after buying an additional 121,001 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in GAP by 13.0% during the fourth quarter. Bank of New York Mellon Corp now owns 3,195,934 shares of the company’s stock worth $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.

GAP Stock Down 1.0%

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

GAP (NYSE:GAP) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.52 billion. GAP had a net margin of 6.25% and a return on equity of 21.13%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 EPS. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. As a group, sell-side analysts predict that The Gap, Inc. will post 2.33 EPS for the current fiscal year.

GAP Dividend Announcement

The company also recently declared 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 3.5%. The ex-dividend date of this dividend is Wednesday, October 7th. GAP’s dividend payout ratio (DPR) is presently 27.56%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TD Cowen dropped their price objective on shares of GAP from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, August 18th. Weiss Ratings lowered shares of GAP from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $22.00 price target (down from $26.00) on shares of GAP in a research report on Friday, August 7th. Bank of America lowered their price target on GAP from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Finally, The Goldman Sachs Group cut their price objective on GAP from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.