Nomura Asset Management Co. Ltd. boosted its stake in shares of 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 (SEC). The firm 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 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Gap, Inc. (The) by 4,968.6% in 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 in the last quarter. Vanguard Group Inc. raised its stake in shares of 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 buying an additional 1,876,653 shares in the last quarter. Norges Bank purchased a new stake in shares of Gap, Inc. (The) during the fourth quarter valued at about $33,632,000. Prudential Financial Inc. raised its stake in shares of Gap, Inc. (The) by 161.2% in the first quarter. Prudential Financial Inc. now owns 1,257,992 shares of the apparel retailer’s stock valued at $30,556,000 after buying an additional 776,400 shares in the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of Gap, Inc. (The) by 78.7% in the first quarter. WINTON GROUP Ltd now owns 1,150,829 shares of the apparel retailer’s stock valued at $25,594,000 after buying an additional 506,686 shares in the last quarter. Institutional investors and hedge funds own 56.61% of the company’s stock.
Gap, Inc. (NYSE GPS) opened at 21.20 on Wednesday. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 12.25 and a beta of 0.86. The firm has a 50-day moving average price of $22.83 and a 200-day moving average price of $23.85. Gap, Inc. has a 1-year low of $21.03 and a 1-year high of $30.74. Gap, Inc. (The) also was the recipient of some unusual options trading on Monday. Stock investors acquired 619 put options on the company. This is an increase of approximately 443% compared to the typical daily volume of 114 put options.
Gap, Inc. (The) (NYSE:GPS) last issued its earnings results on Thursday, May 18th. The apparel retailer reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.07. The firm had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.39 billion. Gap, Inc. (The) had a return on equity of 29.75% and a net margin of 4.46%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. On average, analysts expect that Gap, Inc. will post $2.00 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 5th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Friday, June 30th. Gap, Inc. (The)’s dividend payout ratio is presently 53.18%.
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GPS has been the subject of several research reports. TheStreet lowered Gap, Inc. (The) from a “b-” rating to a “c” rating in a report on Thursday, May 18th. 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. Oppenheimer Holdings, Inc. raised Gap, Inc. (The) from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $24.00 to $28.00 in a research note on Sunday, June 4th. Jefferies Group LLC set a $34.00 price objective on Gap, Inc. (The) and gave the company a “buy” rating in a research note on Thursday, May 4th. Finally, ValuEngine downgraded Gap, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.77.
In other Gap, Inc. (The) news, CEO Jeff Kirwan sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $24.88, for a total value of $124,400.00. Following the sale, the chief executive officer now owns 29,548 shares of the company’s stock, valued at approximately $735,154.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 7,000 shares of company stock worth $169,120. Company insiders own 27.30% of the company’s stock.
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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