Delta Lloyd Asset Management N.V. Buys Shares of 34,777 Gap, Inc. (The) (NYSE:GPS)

Delta Lloyd Asset Management N.V. bought a new position in Gap, Inc. (The) (NYSE:GPS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 34,777 shares of the apparel retailer’s stock, valued at approximately $765,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Gap, Inc. (The) by 8.8% in the first quarter. Vanguard Group Inc. now owns 23,100,485 shares of the apparel retailer’s stock valued at $561,111,000 after purchasing an additional 1,876,653 shares during the last quarter. BlackRock Inc. increased its stake in shares of Gap, Inc. (The) by 4,968.6% during the first quarter. BlackRock Inc. now owns 22,738,113 shares of the apparel retailer’s stock valued at $552,308,000 after buying an additional 22,289,507 shares during the period. American International Group Inc. increased its stake in shares of Gap, Inc. (The) by 1.2% during the first quarter. American International Group Inc. now owns 16,667,815 shares of the apparel retailer’s stock valued at $404,861,000 after buying an additional 201,177 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Gap, Inc. (The) by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 9,680,123 shares of the apparel retailer’s stock valued at $212,867,000 after buying an additional 57,609 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Gap, Inc. (The) by 202.2% during the second quarter. Prudential Financial Inc. now owns 3,801,842 shares of the apparel retailer’s stock valued at $83,603,000 after buying an additional 2,543,850 shares during the period. Institutional investors own 56.22% of the company’s stock.

In other news, CEO Sonia Syngal sold 1,935 shares of Gap, Inc. (The) stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $25.79, for a total transaction of $49,903.65. Following the completion of the sale, the chief executive officer now directly owns 39,656 shares in the company, valued at approximately $1,022,728.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William Sydney Fisher sold 666,849 shares of Gap, Inc. (The) stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $27.99, for a total value of $18,665,103.51. Following the transaction, the director now owns 12,237,873 shares of the company’s stock, valued at $342,538,065.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 676,682 shares of company stock valued at $18,896,710. Insiders own 27.30% of the company’s stock.

GPS has been the topic of several research analyst reports. ValuEngine cut Gap, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. raised Gap, Inc. (The) from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $24.00 to $28.00 in a research note on Sunday, June 4th. CIBC raised Gap, Inc. (The) from a “market perform” rating to an “outperform” rating in a research note on Monday, June 5th. BidaskClub raised Gap, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, BMO Capital Markets set a $23.00 target price on Gap, Inc. (The) and gave the stock a “hold” rating in a research note on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eight have assigned a buy rating to the company’s stock. Gap, Inc. (The) has an average rating of “Hold” and a consensus target price of $26.55.

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Shares of Gap, Inc. (GPS) opened at 28.36 on Friday. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of 13.51 and a beta of 0.82. The stock has a 50 day moving average price of $24.44 and a 200 day moving average price of $23.86. Gap, Inc. has a 1-year low of $21.02 and a 1-year high of $30.74.

Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.06. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. On average, equities analysts anticipate that Gap, Inc. will post $2.07 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a $0.23 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 3.24%. Gap, Inc. (The)’s payout ratio is currently 43.81%.

Gap, Inc. (The) Company 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, Inc. (The) (NYSE:GPS)

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