Dimensional Fund Advisors LP Increases Position in Gap Inc (GPS)

Dimensional Fund Advisors LP boosted its position in shares of Gap Inc (NYSE:GPS) by 19.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,079,337 shares of the apparel retailer’s stock after buying an additional 332,422 shares during the period. Dimensional Fund Advisors LP owned 0.52% of Gap worth $46,663,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Gap by 16,151.9% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 3,798,070 shares of the apparel retailer’s stock worth $84,469,000 after buying an additional 3,774,700 shares during the period. Morgan Stanley boosted its stake in shares of Gap by 459.2% in the third quarter. Morgan Stanley now owns 1,898,797 shares of the apparel retailer’s stock worth $42,229,000 after buying an additional 1,559,268 shares during the period. First Trust Advisors LP boosted its stake in shares of Gap by 135.0% in the third quarter. First Trust Advisors LP now owns 1,940,725 shares of the apparel retailer’s stock worth $43,162,000 after buying an additional 1,114,714 shares during the period. Gotham Asset Management LLC boosted its stake in shares of Gap by 187.2% in the third quarter. Gotham Asset Management LLC now owns 1,531,805 shares of the apparel retailer’s stock worth $34,067,000 after buying an additional 998,415 shares during the period. Finally, American International Group Inc. boosted its stake in shares of Gap by 6.0% in the third quarter. American International Group Inc. now owns 15,249,281 shares of the apparel retailer’s stock worth $339,144,000 after buying an additional 868,093 shares during the period. 57.87% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Gap (NYSE:GPS)

Gap Inc (NYSE:GPS) opened at 23.46 on Tuesday. The stock has a 50 day moving average price of $23.94 and a 200 day moving average price of $24.63. Gap Inc has a 12 month low of $17.00 and a 12 month high of $30.74. The stock has a market capitalization of $9.36 billion, a PE ratio of 13.88 and a beta of 0.99.

Gap (NYSE:GPS) last posted its quarterly earnings data on Thursday, February 23rd. The apparel retailer reported $0.51 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. Gap had a net margin of 4.33% and a return on equity of 32.19%. The company earned $4.43 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same quarter last year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts forecast that Gap Inc will post $1.99 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Monday, April 3rd. Gap’s dividend payout ratio is presently 55.09%.

Your IP Address:

A number of equities research analysts have commented on GPS shares. Vetr raised Gap from a “sell” rating to a “buy” rating and set a $26.76 price objective for the company in a research note on Monday, November 21st. Morgan Stanley reissued an “underweight” rating on shares of Gap in a research note on Tuesday, November 29th. Mizuho reduced their price objective on Gap from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, December 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $36.00 price objective on shares of Gap in a research note on Tuesday, February 7th. Finally, Citigroup Inc reduced their price objective on Gap from $24.00 to $22.00 and set a “sell” rating for the company in a research note on Tuesday, February 7th. Four analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $24.74.

In other Gap news, insider Andi Owen sold 38,278 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $23.97, for a total transaction of $917,523.66. Following the completion of the sale, the insider now directly owns 30,778 shares of the company’s stock, valued at $737,748.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 30.00% of the stock is currently owned by corporate insiders.

About Gap

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.

5 Day Chart for NYSE:GPS

Receive News & Ratings for Gap Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gap Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply