Victory Capital Management Inc. boosted its holdings in shares of Gap Inc (NYSE:GPS) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 209,439 shares of the apparel retailer’s stock after purchasing an additional 20,499 shares during the period. Victory Capital Management Inc. owned about 0.05% of GAP worth $7,133,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Chevy Chase Trust Holdings Inc. raised its position 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 worth $5,694,000 after purchasing an additional 1,902 shares during the last quarter. Hermes Investment Management Ltd. grew its holdings in GAP by 7.3% during the 4th quarter. Hermes Investment Management Ltd. now owns 29,252 shares of the apparel retailer’s stock worth $996,000 after acquiring an additional 2,000 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in GAP by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 728,655 shares of the apparel retailer’s stock worth $21,517,000 after acquiring an additional 2,093 shares during the period. Acropolis Investment Management LLC grew its holdings in GAP by 115.4% during the 4th quarter. Acropolis Investment Management LLC now owns 4,185 shares of the apparel retailer’s stock worth $143,000 after acquiring an additional 2,242 shares during the period. Finally, Andra AP fonden grew its holdings in GAP by 2.6% during the 3rd quarter. Andra AP fonden now owns 89,800 shares of the apparel retailer’s stock worth $2,652,000 after acquiring an additional 2,300 shares during the period. Hedge funds and other institutional investors own 56.64% of the company’s stock.
Gap Inc (NYSE:GPS) traded up $0.32 during midday trading on Friday, hitting $32.69. 3,628,245 shares of the stock traded hands, compared to its average volume of 4,600,000. Gap Inc has a one year low of $21.02 and a one year high of $35.68. The company has a current ratio of 1.73, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $12,710.00, a price-to-earnings ratio of 15.00, a P/E/G ratio of 1.74 and a beta of 0.86.
In related news, EVP Julie Gruber sold 7,133 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $34.00, for a total transaction of $242,522.00. Following the completion of the transaction, the executive vice president now owns 24,583 shares of the company’s stock, valued at $835,822. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Brent Hyder sold 5,839 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $33.04, for a total transaction of $192,920.56. The disclosure for this sale can be found here. In the last three months, insiders sold 1,533,887 shares of company stock worth $48,356,763. Insiders own 27.30% of the company’s stock.
Several equities analysts have recently issued reports on GPS shares. Oppenheimer set a $33.00 price target on shares of GAP and gave the company a “buy” rating in a report on Monday, October 30th. Royal Bank of Canada set a $26.00 price objective on shares of GAP and gave the company a “hold” rating in a research report on Monday, October 30th. KeyCorp reaffirmed a “buy” rating and issued a $33.00 price objective on shares of GAP in a research report on Friday, November 3rd. Zacks Investment Research cut shares of GAP from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Finally, TheStreet cut shares of GAP from a “b” rating to a “c+” rating in a research report on Monday, November 13th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $28.97.
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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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