OxFORD Asset Management LLP reduced its stake in shares of Gap Inc (NYSE:GPS) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,611 shares of the apparel retailer’s stock after selling 10,811 shares during the quarter. OxFORD Asset Management LLP owned about 0.05% of GAP worth $6,338,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Ffcm LLC increased its stake in GAP by 198.0% in the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after purchasing an additional 3,519 shares during the period. Howe & Rusling Inc. acquired a new position in GAP in the third quarter valued at $190,000. AE Wealth Management LLC acquired a new position in GAP in the third quarter valued at $223,000. Campbell & CO Investment Adviser LLC acquired a new position in GAP in the third quarter valued at $229,000. Finally, LMR Partners LLP acquired a new position in GAP in the third quarter valued at $231,000. Hedge funds and other institutional investors own 54.78% of the company’s stock.
In related news, CEO Jeff Kirwan sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $26.11, for a total transaction of $26,110.00. Following the completion of the transaction, the chief executive officer now owns 24,268 shares of the company’s stock, valued at $633,637.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sonia Syngal sold 1,935 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $25.79, for a total transaction of $49,903.65. Following the transaction, the chief executive officer now directly owns 39,656 shares of the company’s stock, valued at approximately $1,022,728.24. The disclosure for this sale can be found here. Insiders have sold 2,206,879 shares of company stock valued at $67,109,508 in the last ninety days. 27.30% of the stock is currently owned by company insiders.
GAP (NYSE:GPS) last posted its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.76 billion. GAP had a net margin of 5.57% and a return on equity of 27.47%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. equities analysts expect that Gap Inc will post 2.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Tuesday, January 2nd. GAP’s dividend payout ratio (DPR) is 42.40%.
A number of research analysts have commented on GPS shares. Zacks Investment Research upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, August 8th. Royal Bank Of Canada reiterated a “hold” rating and set a $26.00 price target on shares of GAP in a research note on Wednesday, August 9th. BMO Capital Markets set a $23.00 price target on shares of GAP and gave the stock a “hold” rating in a research note on Tuesday, August 8th. FBR & Co set a $25.00 price target on shares of GAP and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Finally, Jefferies Group set a $35.00 price target on shares of GAP and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $27.94.
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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