Nomura Asset Management Co. Ltd. increased its stake in Gap, Inc. (The) (NYSE:GPS) by 0.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,548 shares of the apparel retailer’s stock after buying an additional 5 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Gap, Inc. (The) were worth $1,252,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Nationwide Fund Advisors increased its stake in shares of Gap, Inc. (The) by 90.6% in the first quarter. Nationwide Fund Advisors now owns 118,671 shares of the apparel retailer’s stock valued at $2,883,000 after buying an additional 56,424 shares during the period. Pensionfund DSM Netherlands bought a new stake in shares of Gap, Inc. (The) during the first quarter valued at approximately $2,813,000. DnB Asset Management AS increased its stake in shares of Gap, Inc. (The) by 39.3% in the first quarter. DnB Asset Management AS now owns 22,667 shares of the apparel retailer’s stock valued at $551,000 after buying an additional 6,400 shares during the period. World Asset Management Inc increased its stake in shares of Gap, Inc. (The) by 9.4% in the first quarter. World Asset Management Inc now owns 26,770 shares of the apparel retailer’s stock valued at $650,000 after buying an additional 2,294 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in shares of Gap, Inc. (The) by 15.5% in the first quarter. OppenheimerFunds Inc. now owns 82,410 shares of the apparel retailer’s stock valued at $2,002,000 after buying an additional 11,080 shares during the period. 56.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Gap, Inc. (GPS) traded up 1.70% during trading on Friday, reaching $23.87. The company’s stock had a trading volume of 2,833,876 shares. Gap, Inc. has a one year low of $21.02 and a one year high of $30.74. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 13.80 and a beta of 0.87. The firm’s 50-day moving average price is $22.87 and its 200-day moving average price is $23.73.
Gap, Inc. (The) (NYSE:GPS) last posted its earnings results on Thursday, May 18th. The apparel retailer reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. Gap, Inc. (The) had a net margin of 4.46% and a return on equity of 29.75%. The business had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the firm posted $0.32 EPS. The firm’s revenue was up .1% on a year-over-year basis. On average, equities analysts anticipate that Gap, Inc. will post $2.00 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 5th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Friday, June 30th. Gap, Inc. (The)’s dividend payout ratio (DPR) is presently 53.18%.
GPS has been the subject of several analyst reports. Jefferies Group LLC set a $34.00 price objective on Gap, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, May 4th. Vetr downgraded Gap, Inc. (The) from a “buy” rating to a “hold” rating and set a $24.84 price objective for the company. in a research note on Thursday, April 20th. Morgan Stanley reissued an “underperform” rating and issued a $20.00 price objective on shares of Gap, Inc. (The) in a research note on Monday, May 22nd. J P Morgan Chase & Co raised Gap, Inc. (The) from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $21.00 to $24.00 in a research note on Thursday, April 20th. Finally, CIBC raised Gap, Inc. (The) from a “market perform” rating to an “outperform” rating in a research note on Monday, June 5th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.78.
In other Gap, Inc. (The) news, CEO Jeff Kirwan sold 5,000 shares of Gap, Inc. (The) stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $24.88, for a total value of $124,400.00. Following the completion of the sale, the chief executive officer now owns 29,548 shares of the company’s stock, valued at approximately $735,154.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 8,000 shares of company stock valued at $192,960. 27.30% of the stock is currently owned by insiders.
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.
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