Squar Milner Financial Services LLC Acquires New Stake in Gap Inc (GPS)

Squar Milner Financial Services LLC purchased a new stake in Gap Inc (NYSE:GPS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,985 shares of the apparel retailer’s stock, valued at approximately $210,000.

A number of other hedge funds also recently made changes to their positions in the stock. Chevy Chase Trust Holdings Inc. boosted its stake in GAP by 1.0% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 192,812 shares of the apparel retailer’s stock valued at $5,694,000 after buying an additional 1,902 shares in the last quarter. Hermes Investment Management Ltd. boosted its stake in GAP by 7.3% in the 4th quarter. Hermes Investment Management Ltd. now owns 29,252 shares of the apparel retailer’s stock valued at $996,000 after buying an additional 2,000 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in GAP by 0.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 728,655 shares of the apparel retailer’s stock valued at $21,517,000 after buying an additional 2,093 shares in the last quarter. Acropolis Investment Management LLC boosted its stake in GAP by 115.4% in the 4th quarter. Acropolis Investment Management LLC now owns 4,185 shares of the apparel retailer’s stock valued at $143,000 after buying an additional 2,242 shares in the last quarter. Finally, Andra AP fonden boosted its stake in GAP by 2.6% in the 3rd quarter. Andra AP fonden now owns 89,800 shares of the apparel retailer’s stock valued at $2,652,000 after buying an additional 2,300 shares in the last quarter. 55.03% of the stock is currently owned by institutional investors and hedge funds.

Gap Inc (GPS) opened at $33.27 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 1.73. Gap Inc has a one year low of $21.02 and a one year high of $35.68. The stock has a market capitalization of $12,960.61, a price-to-earnings ratio of 16.42, a PEG ratio of 1.81 and a beta of 0.86.

GAP (NYSE:GPS) last issued its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.03. GAP had a return on equity of 27.47% and a net margin of 5.57%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. analysts forecast that Gap Inc will post 2.1 EPS for the current fiscal year.

In other news, EVP Brent Hyder sold 5,839 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $33.04, for a total transaction of $192,920.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Katherine Tsang sold 20,000 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $29.48, for a total value of $589,600.00. Following the transaction, the director now directly owns 783 shares in the company, valued at approximately $23,082.84. The disclosure for this sale can be found here. Insiders have sold 1,553,887 shares of company stock worth $48,946,363 in the last ninety days. 27.30% of the stock is currently owned by insiders.

Several analysts recently commented on the company. Wolfe Research lowered GAP from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 26th. Buckingham Research boosted their price target on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, November 17th. Barclays boosted their price target on GAP from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, November 17th. Cowen reaffirmed a “hold” rating and issued a $32.00 price target on shares of GAP in a research note on Wednesday, November 22nd. Finally, B. Riley set a $25.00 price target on GAP and gave the company a “hold” rating in a research note on Friday, November 17th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $28.94.

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GAP 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.

Institutional Ownership by Quarter for GAP (NYSE:GPS)

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