Gap Inc (GPS) Holdings Trimmed by Two Sigma Advisers LP

Two Sigma Advisers LP decreased its holdings in Gap Inc (NYSE:GPS) by 44.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 597,399 shares of the apparel retailer’s stock after selling 479,561 shares during the quarter. Two Sigma Advisers LP owned 0.15% of GAP worth $20,347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its position in shares of GAP by 12.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 440,893 shares of the apparel retailer’s stock valued at $12,992,000 after purchasing an additional 47,102 shares during the last quarter. California Public Employees Retirement System increased its position in shares of GAP by 4.2% during the 3rd quarter. California Public Employees Retirement System now owns 893,708 shares of the apparel retailer’s stock valued at $26,391,000 after purchasing an additional 36,083 shares during the last quarter. Wealthfront Inc. increased its position in shares of GAP by 16.8% during the 4th quarter. Wealthfront Inc. now owns 38,204 shares of the apparel retailer’s stock valued at $1,301,000 after purchasing an additional 5,503 shares during the last quarter. Bristol Advisors LLC purchased a new stake in shares of GAP during the 4th quarter valued at about $2,384,000. Finally, BlackRock Inc. increased its position in shares of GAP by 5.0% during the 4th quarter. BlackRock Inc. now owns 17,130,343 shares of the apparel retailer’s stock valued at $583,458,000 after purchasing an additional 810,280 shares during the last quarter. 58.30% of the stock is owned by hedge funds and other institutional investors.

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Several equities research analysts have recently commented on the stock. Credit Suisse Group assumed coverage on shares of GAP in a research report on Monday, March 12th. They set a “neutral” rating and a $35.00 price target for the company. Oppenheimer upped their price target on shares of GAP from $30.00 to $33.00 in a research report on Friday, March 9th. Nomura upped their price target on shares of GAP from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, March 5th. Zacks Investment Research raised shares of GAP from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Monday, March 5th. Finally, TheStreet raised shares of GAP from a “c+” rating to a “b” rating in a research report on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $31.99.

In other news, CEO Jeff Kirwan sold 50,000 shares of the company’s 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 sale, the chief executive officer now directly owns 50,000 shares of the company’s stock, valued at approximately $1,628,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sonia Syngal sold 28,846 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $33.10, for a total value of $954,802.60. The disclosure for this sale can be found here. Insiders sold a total of 696,033 shares of company stock valued at $23,754,526 over the last 90 days. 27.30% of the stock is currently owned by corporate insiders.

Gap Inc (NYSE GPS) opened at $32.23 on Tuesday. Gap Inc has a 52 week low of $21.02 and a 52 week high of $35.68. The company has a quick ratio of 1.04, a current ratio of 1.86 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $12,346.86, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 1.51 and a beta of 0.88.

GAP (NYSE:GPS) last posted its quarterly earnings results on Thursday, March 1st. The apparel retailer reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. GAP had a return on equity of 28.13% and a net margin of 5.35%. The business had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the prior year, the company posted $0.51 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. equities analysts anticipate that Gap Inc will post 2.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 2nd. Shareholders of record on Wednesday, April 11th will be paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 3.01%. This is an increase from GAP’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, April 10th. GAP’s dividend payout ratio is presently 42.99%.

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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.

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Institutional Ownership by Quarter for GAP (NYSE:GPS)

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