Clifford Swan Investment Counsel LLC decreased its holdings in shares of Gap Inc (NYSE:GPS) by 55.2% during the 4th quarter, Holdings Channel reports. The firm owned 98,905 shares of the apparel retailer’s stock after selling 121,775 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in GAP were worth $3,369,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of GPS. Macquarie Group Ltd. boosted its holdings in shares of GAP by 124.7% during the second quarter. Macquarie Group Ltd. now owns 38,376 shares of the apparel retailer’s stock worth $844,000 after purchasing an additional 21,300 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of GAP by 339.7% during the second quarter. Janus Henderson Group PLC now owns 141,919 shares of the apparel retailer’s stock worth $3,121,000 after purchasing an additional 109,643 shares during the last quarter. Shell Asset Management Co. boosted its holdings in shares of GAP by 176.5% during the third quarter. Shell Asset Management Co. now owns 39,448 shares of the apparel retailer’s stock worth $1,645,000 after purchasing an additional 25,183 shares during the last quarter. Howe & Rusling Inc. acquired a new stake in shares of GAP during the third quarter worth $190,000. Finally, Alpha Windward LLC boosted its holdings in shares of GAP by 1,046.5% during the third quarter. Alpha Windward LLC now owns 22,415 shares of the apparel retailer’s stock worth $662,000 after purchasing an additional 20,460 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.
Gap Inc (NYSE:GPS) opened at $33.27 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 0.77. Gap Inc has a 52-week low of $21.02 and a 52-week high of $35.68. The company has a market capitalization of $12,937.28, a PE ratio of 16.39, a price-to-earnings-growth ratio of 1.81 and a beta of 0.86.
Several equities research analysts have recently issued reports on GPS shares. Zacks Investment Research cut GAP from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Oppenheimer set a $33.00 price objective on GAP and gave the stock a “buy” rating in a report on Monday, October 30th. Royal Bank of Canada set a $26.00 price objective on GAP and gave the stock a “hold” rating in a report on Monday, October 30th. KeyCorp restated a “buy” rating and set a $33.00 price objective on shares of GAP in a report on Friday, November 3rd. Finally, TheStreet lowered GAP from a “b” rating to a “c+” rating in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.94.
In other GAP news, VP Dara Bazzano sold 1,593 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $30.04, for a total value of $47,853.72. Following the transaction, the vice president now directly owns 2,866 shares of the company’s stock, valued at $86,094.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Katherine Tsang sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $29.48, for a total value of $589,600.00. Following the sale, the director now owns 783 shares of the company’s stock, valued at $23,082.84. The disclosure for this sale can be found here. Insiders sold 1,553,887 shares of company stock worth $48,946,363 over the last three months. 27.30% of the stock is currently owned by corporate insiders.
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GAP Company Profile
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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