The Gap, Inc. (The) (GPS) Position Held by Quotient Investors LLC

The Gap, Inc. (The) (GPS) Position Held by Quotient Investors LLC

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State Treasurer State of Michigan boosted its position in shares of Gap, Inc. (The) by 0.4% in the second quarter. State Treasurer State of Michigan now owns 72,346 shares of the apparel retailer’s stock worth $1,591,000 after buying an additional 300 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Gap, Inc. (The) by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the apparel retailer’s stock worth $301,000 after buying an additional 200 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Gap, Inc. (The) by 15.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 153,985 shares of the apparel retailer’s stock worth $3,386,000 after buying an additional 20,700 shares during the period. James Investment Research Inc. bought a new position in shares of Gap, Inc. (The) during the second quarter worth about $144,000. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Gap, Inc. (The) by 523.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 38,677 shares of the apparel retailer’s stock worth $851,000 after buying an additional 32,472 shares during the period. 56.38% of the stock is owned by institutional investors.

Quotient Investors LLC continued to hold its position in shares of Gap, Inc. (The) (NYSE:GPS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,300 shares of the apparel retailer’s stock at the end of the second quarter. Quotient Investors LLC’s holdings in Gap, Inc. (The) were worth $299,000 at the end of the most recent reporting period.

Gap, Inc. (NYSE GPS) traded down 1.822% during midday trading on Wednesday, reaching $23.445. 1,914,502 shares of the company traded hands. The firm has a 50 day moving average of $22.87 and a 200-day moving average of $23.73. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 13.552 and a beta of 0.87. Gap, Inc. has a 12 month low of $21.02 and a 12 month high of $30.74.

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 the Thomson Reuters’ consensus estimate of $0.29 by $0.07. The company had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.39 billion. Gap, Inc. (The) had a net margin of 4.46% and a return on equity of 29.75%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 earnings per share. Analysts forecast that Gap, Inc. will post $2.00 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Wednesday, July 5th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Friday, June 30th. Gap, Inc. (The)’s dividend payout ratio is currently 53.18%.

A number of brokerages have recently weighed in on GPS. BidaskClub raised shares of Gap, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. J P Morgan Chase & Co reissued a “neutral” rating and set a $27.00 price objective (up from $26.00) on shares of Gap, Inc. (The) in a research note on Friday, July 14th. BMO Capital Markets set a $23.00 price objective on shares of Gap, Inc. (The) and gave the stock a “hold” rating in a research note on Thursday, July 6th. CIBC raised shares of Gap, Inc. (The) from a “market perform” rating to an “outperform” rating in a research note on Monday, June 5th. Finally, Oppenheimer Holdings, Inc. raised shares of Gap, Inc. (The) from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $24.00 to $28.00 in a research note on Sunday, June 4th. Four investment 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. The company currently has a consensus rating of “Hold” and a consensus target price of $25.78.

In related news, CEO Jeff Kirwan sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $24.88, for a total transaction of $124,400.00. Following the completion of the sale, the chief executive officer now directly 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 through this link. Over the last ninety days, insiders have sold 7,000 shares of company stock valued at $169,120. 27.30% of the stock is owned by insiders.

About Gap, Inc. (The)

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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