Caxton Associates LP bought a new position in Gap Inc (NYSE:GPS) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 10,000 shares of the apparel retailer’s stock, valued at approximately $341,000.
Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of GAP by 10.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,710,283 shares of the apparel retailer’s stock worth $316,275,000 after purchasing an additional 1,030,160 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of GAP by 12.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 440,893 shares of the apparel retailer’s stock worth $12,992,000 after acquiring an additional 47,102 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of GAP by 4.2% in the 3rd quarter. California Public Employees Retirement System now owns 893,708 shares of the apparel retailer’s stock worth $26,391,000 after acquiring an additional 36,083 shares in the last quarter. Bristol Advisors LLC bought a new position in shares of GAP in the 4th quarter worth about $2,384,000. Finally, BlackRock Inc. increased its stake in shares of GAP by 5.0% in the 4th quarter. BlackRock Inc. now owns 17,130,343 shares of the apparel retailer’s stock worth $583,458,000 after acquiring an additional 810,280 shares in the last quarter. 58.72% of the stock is owned by hedge funds and other institutional investors.
Shares of Gap Inc (GPS) opened at $32.67 on Wednesday. Gap Inc has a 12 month low of $21.02 and a 12 month high of $35.68. The company has a market cap of $12,700.00, a P/E ratio of 15.20, a PEG ratio of 1.58 and a beta of 0.88. The company has a quick ratio of 1.04, a current ratio of 1.86 and a debt-to-equity ratio of 0.40.
GAP (NYSE:GPS) last announced its quarterly earnings results on Thursday, March 1st. The apparel retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. GAP had a net margin of 5.35% and a return on equity of 28.13%. The firm had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same period in the previous year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. research analysts anticipate that Gap Inc will post 2.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 2nd. Stockholders of record on Wednesday, April 11th will be paid a $0.2425 dividend. The ex-dividend date of this dividend is Tuesday, April 10th. This is a positive change from GAP’s previous quarterly dividend of $0.23. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.97%. GAP’s payout ratio is currently 42.79%.
GPS has been the subject of several research reports. Robert W. Baird set a $28.00 price target on shares of GAP and gave the stock a “hold” rating in a research note on Friday, November 17th. Oppenheimer reiterated a “market perform” rating and issued a $33.00 price target on shares of GAP in a research note on Thursday, December 14th. Cowen set a $38.00 price target on shares of GAP and gave the stock a “hold” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Thursday, January 18th. Finally, Deutsche Bank decreased their price target on shares of GAP from $33.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, February 26th. Three equities 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 given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $31.99.
In other news, EVP Brent Hyder sold 5,839 shares of GAP stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $33.04, for a total value of $192,920.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeff Kirwan sold 50,000 shares of GAP stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $32.56, for a total transaction of $1,628,000.00. Following the completion of the sale, the chief executive officer now owns 50,000 shares of the company’s stock, valued at $1,628,000. The disclosure for this sale can be found here. Insiders sold 696,033 shares of company stock valued at $23,754,526 over the last quarter. Company insiders own 27.30% of the company’s stock.
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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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