The Manufacturers Life Insurance Company Acquires Shares of 166,321 The Gap, Inc. $GAP

The Manufacturers Life Insurance Company bought a new stake in The Gap, Inc. (NYSE:GAP) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 166,321 shares of the company’s stock, valued at approximately $3,107,000.

Other hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in shares of GAP during the fourth quarter worth about $26,000. Plato Investment Management Ltd purchased a new stake in GAP during the 4th quarter valued at approximately $28,000. Global Retirement Partners LLC purchased a new stake in GAP during the 2nd quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in GAP during the 2nd quarter worth approximately $50,000. Finally, Quantbot Technologies LP acquired a new stake in GAP during the 2nd quarter worth approximately $73,000. Institutional investors and hedge funds own 58.81% of the company’s stock.

GAP Price Performance

Shares of GAP opened at $22.05 on Wednesday. The Gap, Inc. has a twelve month low of $18.11 and a twelve month high of $29.36. The stock’s 50 day moving average is $20.13 and its two-hundred day moving average is $22.76. The firm has a market capitalization of $7.94 billion, a PE ratio of 6.58, a P/E/G ratio of 0.89 and a beta of 2.05. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38.

GAP (NYSE:GAP) last released its earnings results on Thursday, August 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. Research analysts anticipate that The Gap, Inc. will post 2.55 earnings per share for the current year.

GAP Dividend Announcement

The firm 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 of this dividend is Wednesday, October 7th. GAP’s dividend payout ratio is currently 20.90%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GAP. Barclays boosted their target price on GAP from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday. Morgan Stanley increased their price target on GAP from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, August 28th. TD Cowen lifted their price objective on shares of GAP from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, August 28th. The Goldman Sachs Group boosted their price objective on shares of GAP from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday. Finally, Evercore set a $20.00 price objective on shares of GAP and gave the stock an “in-line” rating in a research report on Friday, May 29th. 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 issued a Sell rating to the stock. Based on data from MarketBeat, GAP currently has an average rating of “Hold” and an average target price 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.