Invictus RG Acquires 4,183 Shares of Gap, Inc. (The) (GPS)

Invictus RG raised its position in shares of Gap, Inc. (The) (NYSE:GPS) by 66.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 10,515 shares of the apparel retailer’s stock after buying an additional 4,183 shares during the period. Invictus RG’s holdings in Gap, Inc. (The) were worth $255,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Gap, Inc. (The) by 8.8% in the first quarter. Vanguard Group Inc. now owns 23,100,485 shares of the apparel retailer’s stock worth $561,111,000 after buying an additional 1,876,653 shares during the last quarter. BlackRock Inc. boosted its position in shares of Gap, Inc. (The) by 4,968.6% in the first quarter. BlackRock Inc. now owns 22,738,113 shares of the apparel retailer’s stock worth $552,308,000 after buying an additional 22,289,507 shares during the last quarter. American International Group Inc. boosted its position in shares of Gap, Inc. (The) by 1.2% in the first quarter. American International Group Inc. now owns 16,667,815 shares of the apparel retailer’s stock worth $404,861,000 after buying an additional 201,177 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of Gap, Inc. (The) by 14.3% in the first quarter. APG Asset Management N.V. now owns 3,993,257 shares of the apparel retailer’s stock worth $96,996,000 after buying an additional 500,997 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Gap, Inc. (The) by 0.6% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,540,214 shares of the apparel retailer’s stock worth $85,992,000 after buying an additional 20,820 shares during the last quarter. 57.27% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Gap, Inc. (The) (NYSE:GPS)

Gap, Inc. (NYSE:GPS) traded down 3.91% on Tuesday, reaching $22.13. 3,001,765 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $23.76 and its 200 day moving average is $24.02. Gap, Inc. has a 1-year low of $19.33 and a 1-year high of $30.74. The stock has a market capitalization of $8.76 billion, a P/E ratio of 12.79 and a beta of 0.86. Gap, Inc. (The) also saw unusually large options trading on Tuesday. Traders acquired 1,228 call options on the company. This is an increase of 140% compared to the typical volume of 512 call options.

Gap, Inc. (The) (NYSE:GPS) last posted its quarterly earnings results on Thursday, May 18th. The apparel retailer reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.07. Gap, Inc. (The) had a return on equity of 29.75% and a net margin of 4.46%. The company had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the business earned $0.32 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. Analysts expect that Gap, Inc. will post $2.00 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 5th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Friday, June 30th. Gap, Inc. (The)’s dividend payout ratio (DPR) is presently 53.18%.

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GPS has been the topic of a number of recent research reports. Wedbush cut their target price on shares of Gap, Inc. (The) from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, February 24th. CIBC raised shares of Gap, Inc. (The) from a “market perform” rating to an “outperform” rating in a report on Monday, June 5th. Wolfe Research reaffirmed an “outperform” rating and issued a $32.00 target price on shares of Gap, Inc. (The) in a report on Friday, April 28th. Vetr raised shares of Gap, Inc. (The) from a “sell” rating to a “hold” rating and set a $24.84 target price on the stock in a report on Monday, May 15th. Finally, ValuEngine cut shares of Gap, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $25.97.

In other news, Director Robert J. Fisher sold 500,000 shares of the firm’s stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $24.58, for a total transaction of $12,290,000.00. Following the completion of the sale, the director now directly owns 8,867,728 shares of the company’s stock, valued at approximately $217,968,754.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeff Kirwan sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $24.88, for a total value of $124,400.00. Following the sale, the chief executive officer now directly owns 29,548 shares of the company’s stock, valued at $735,154.24. The disclosure for this sale can be found here. Insiders have sold a total of 506,000 shares of company stock valued at $12,436,940 over the last ninety days. Company insiders own 27.30% of the company’s stock.

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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