Sigma Planning Corp lessened its holdings in Gap Inc (NYSE:GPS) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,737 shares of the apparel retailer’s stock after selling 568 shares during the period. Sigma Planning Corp’s holdings in GAP were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in GAP by 4.1% in the third quarter. Wells Fargo & Company MN now owns 4,306,449 shares of the apparel retailer’s stock worth $124,241,000 after purchasing an additional 168,980 shares during the period. Nordea Investment Management AB boosted its holdings in shares of GAP by 9.4% during the third quarter. Nordea Investment Management AB now owns 63,016 shares of the apparel retailer’s stock valued at $1,818,000 after acquiring an additional 5,437 shares during the period. Empowered Funds LLC boosted its holdings in shares of GAP by 8.2% during the third quarter. Empowered Funds LLC now owns 105,660 shares of the apparel retailer’s stock valued at $3,030,000 after acquiring an additional 7,976 shares during the period. MHI Funds LLC acquired a new position in shares of GAP during the fourth quarter valued at $1,814,000. Finally, Marathon Trading Investment Management LLC acquired a new position in shares of GAP during the third quarter valued at $399,000. 56.74% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE GPS opened at $24.84 on Tuesday. Gap Inc has a fifty-two week low of $24.25 and a fifty-two week high of $34.71. The company has a current ratio of 1.97, a quick ratio of 0.85 and a debt-to-equity ratio of 0.36. The stock has a market cap of $9.50 billion, a P/E ratio of 11.66, a P/E/G ratio of 1.04 and a beta of 0.61.
GAP (NYSE:GPS) last issued its quarterly earnings data on Tuesday, November 20th. The apparel retailer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. GAP had a net margin of 5.57% and a return on equity of 29.45%. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same period in the previous year, the business earned $0.58 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. As a group, analysts predict that Gap Inc will post 2.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 30th. Shareholders of record on Wednesday, January 9th were given a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 3.90%. The ex-dividend date was Tuesday, January 8th. GAP’s dividend payout ratio (DPR) is presently 45.54%.
In other GAP news, EVP Julie Gruber sold 7,500 shares of the business’s stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $24.73, for a total value of $185,475.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 30.60% of the stock is currently owned by insiders.
Several equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of GAP from a “sell” rating to a “strong sell” rating in a report on Thursday, February 7th. Zacks Investment Research downgraded shares of GAP from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Goldman Sachs Group downgraded shares of GAP from a “neutral” rating to a “sell” rating and reduced their price target for the company from $27.00 to $23.00 in a report on Tuesday, January 22nd. Barclays downgraded shares of GAP from an “overweight” rating to an “underweight” rating and set a $25.25 price target for the company. in a report on Friday, January 11th. Finally, MKM Partners reduced their price target on shares of GAP to $30.00 and set a “neutral” rating for the company in a report on Wednesday, November 28th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $30.75.
The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, and Intermix brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.
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