Advisor Group Inc. cut its holdings in shares of Gap, Inc. (The) (NYSE:GPS) by 8.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,417 shares of the apparel retailer’s stock after selling 5,345 shares during the period. Advisor Group Inc.’s holdings in Gap, Inc. (The) were worth $1,725,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ffcm LLC grew its position in Gap, Inc. (The) by 198.0% during the 2nd quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock worth $121,000 after acquiring an additional 3,519 shares during the last quarter. James Investment Research Inc. bought a new stake in Gap, Inc. (The) during the 2nd quarter worth approximately $144,000. Howe & Rusling Inc. bought a new stake in Gap, Inc. (The) during the 3rd quarter worth approximately $190,000. Paragon Capital Management Ltd bought a new stake in Gap, Inc. (The) during the 2nd quarter worth approximately $229,000. Finally, BB&T Securities LLC bought a new stake in Gap, Inc. (The) during the 2nd quarter worth approximately $233,000. Institutional investors and hedge funds own 56.78% of the company’s stock.
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Gap, Inc. (GPS) opened at $29.40 on Friday. The firm has a market capitalization of $10,880.00, a PE ratio of 13.04, a PEG ratio of 1.62 and a beta of 0.86. The company has a quick ratio of 0.92, a current ratio of 1.77 and a debt-to-equity ratio of 0.42. Gap, Inc. has a 1-year low of $21.02 and a 1-year high of $30.14.
Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. Gap, Inc. (The)’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. sell-side analysts expect that Gap, Inc. will post 2.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Tuesday, January 2nd. Gap, Inc. (The)’s payout ratio is 43.81%.
In other news, CEO Jeff Kirwan sold 1,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $29.38, for a total value of $29,380.00. Following the completion of the transaction, the chief executive officer now owns 25,268 shares in the company, valued at approximately $742,373.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sonia Syngal sold 1,935 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $25.79, for a total value of $49,903.65. Following the completion of the transaction, the chief executive officer now owns 39,656 shares of the company’s stock, valued at approximately $1,022,728.24. The disclosure for this sale can be found here. Insiders sold a total of 676,682 shares of company stock valued at $18,906,180 in the last 90 days. 27.30% of the stock is owned by corporate insiders.
GPS has been the topic of a number of research analyst reports. Jefferies Group LLC set a $35.00 price target on Gap, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Friday, August 18th. Oppenheimer Holdings, Inc. set a $28.00 price target on Gap, Inc. (The) and gave the stock a “buy” rating in a research report on Thursday, August 17th. ValuEngine upgraded Gap, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Finally, KeyCorp reiterated a “buy” rating and issued a $33.00 price objective on shares of Gap, Inc. (The) in a research report on Tuesday, September 26th. Four analysts have rated the stock with a sell rating, twenty-three have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.51.
Gap, Inc. (The) Profile
The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.
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