Numeric Investors LLC Has $1.04 Million Holdings in Gap, Inc. (The) (GPS)

Numeric Investors LLC decreased its position in Gap, Inc. (The) (NYSE:GPS) by 76.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,300 shares of the apparel retailer’s stock after selling 151,000 shares during the quarter. Numeric Investors LLC’s holdings in Gap, Inc. (The) were worth $1,040,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Gap, Inc. (The) by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,354 shares of the apparel retailer’s stock valued at $360,000 after acquiring an additional 80 shares during the period. Advantus Capital Management Inc increased its position in shares of Gap, Inc. (The) by 0.4% in the first quarter. Advantus Capital Management Inc now owns 21,962 shares of the apparel retailer’s stock valued at $533,000 after acquiring an additional 89 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Gap, Inc. (The) by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the apparel retailer’s stock valued at $301,000 after acquiring an additional 200 shares during the period. State Treasurer State of Michigan increased its position in shares of Gap, Inc. (The) by 0.4% in the second quarter. State Treasurer State of Michigan now owns 72,346 shares of the apparel retailer’s stock valued at $1,591,000 after acquiring an additional 300 shares during the period. Finally, Mason Street Advisors LLC increased its position in shares of Gap, Inc. (The) by 1.0% in the first quarter. Mason Street Advisors LLC now owns 30,318 shares of the apparel retailer’s stock valued at $736,000 after acquiring an additional 307 shares during the period. Hedge funds and other institutional investors own 56.22% of the company’s stock.

In related news, CEO Jeff Kirwan sold 1,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $29.38, for a total value of $29,380.00. Following the completion of the transaction, the chief executive officer now directly owns 25,268 shares in the company, valued at approximately $742,373.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Paul Joseph Chapman sold 4,898 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $22.82, for a total transaction of $111,772.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 676,682 shares of company stock valued at $18,903,910. Company insiders own 27.30% of the company’s stock.

Shares of Gap, Inc. (GPS) opened at 28.70 on Wednesday. The stock has a market capitalization of $11.25 billion, a PE ratio of 13.67 and a beta of 0.88. The firm’s 50-day moving average is $26.90 and its 200-day moving average is $24.43. Gap, Inc. has a one year low of $21.02 and a one year high of $30.74.

Gap, Inc. (The) (NYSE:GPS) last posted its earnings results on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the business posted $0.60 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. On average, analysts expect that Gap, Inc. will post $2.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio is currently 43.81%.

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $26.00 price objective on shares of Gap, Inc. (The) in a research report on Wednesday, August 9th. KeyCorp restated a “buy” rating and issued a $33.00 price objective on shares of Gap, Inc. (The) in a research report on Tuesday, September 26th. Robert W. Baird set a $26.00 price objective on shares of Gap, Inc. (The) and gave the company a “hold” rating in a research report on Sunday, October 1st. BMO Capital Markets set a $23.00 price objective on shares of Gap, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday, August 8th. Finally, Deutsche Bank AG boosted their price objective on shares of Gap, Inc. (The) from $23.00 to $24.00 and gave the company a “hold” rating in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $26.79.

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

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