Traders Sell Gap, Inc. (The) (GPS) on Strength (GPS)

Traders sold shares of Gap, Inc. (The) (NYSE:GPS) on strength during trading hours on Wednesday. $45.13 million flowed into the stock on the tick-up and $69.94 million flowed out of the stock on the tick-down, for a money net flow of $24.81 million out of the stock. Of all stocks tracked, Gap, Inc. (The) had the 0th highest net out-flow for the day. Gap, Inc. (The) traded up $0.61 for the day and closed at $28.22

Several equities analysts have weighed in on the company. Zacks Investment Research cut Gap, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $39.00 price objective (up from $35.00) on shares of Gap, Inc. (The) in a report on Thursday, September 7th. ValuEngine raised Gap, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. BMO Capital Markets set a $23.00 price objective on Gap, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $26.00 price target on shares of Gap, Inc. (The) in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $26.01.

The firm has a market capitalization of $10.91 billion, a P/E ratio of 13.25 and a beta of 0.82. The stock’s 50 day moving average is $24.10 and its 200-day moving average is $23.81.

Gap, Inc. (The) (NYSE:GPS) last released its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. On average, equities research analysts expect that Gap, Inc. will post $2.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio is 43.81%.

In other news, CEO Sonia Syngal sold 1,935 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $25.79, for a total transaction of $49,903.65. Following the sale, the chief executive officer now directly owns 39,656 shares in the company, valued at approximately $1,022,728.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Joseph Chapman sold 4,898 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $22.82, for a total transaction of $111,772.36. The disclosure for this sale can be found here. Insiders have sold a total of 9,833 shares of company stock worth $231,606 over the last 90 days. Corporate insiders own 27.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in GPS. Nationwide Fund Advisors raised its position in Gap, Inc. (The) by 90.6% in the 1st quarter. Nationwide Fund Advisors now owns 118,671 shares of the apparel retailer’s stock worth $2,883,000 after purchasing an additional 56,424 shares during the period. Great West Life Assurance Co. Can raised its position in Gap, Inc. (The) by 2.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 206,019 shares of the apparel retailer’s stock worth $5,000,000 after purchasing an additional 5,607 shares during the period. State Treasurer State of Michigan raised its position in Gap, Inc. (The) by 0.4% in the 1st quarter. State Treasurer State of Michigan now owns 72,046 shares of the apparel retailer’s stock worth $1,750,000 after purchasing an additional 300 shares during the period. DekaBank Deutsche Girozentrale raised its position in Gap, Inc. (The) by 64.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 24,718 shares of the apparel retailer’s stock worth $624,000 after purchasing an additional 9,650 shares during the period. Finally, Suntrust Banks Inc. purchased a new stake in Gap, Inc. (The) in the 1st quarter worth about $575,000. Hedge funds and other institutional investors own 56.21% of the company’s stock.

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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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