New York State Common Retirement Fund Has $15.54 Million Holdings in Gap Inc (GPS)

New York State Common Retirement Fund raised its stake in shares of Gap Inc (NYSE:GPS) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 526,200 shares of the apparel retailer’s stock after buying an additional 5,900 shares during the quarter. New York State Common Retirement Fund owned about 0.13% of GAP worth $15,539,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Ffcm LLC lifted its stake in shares of GAP by 198.0% during the 2nd quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock worth $121,000 after purchasing an additional 3,519 shares during the period. Howe & Rusling Inc. purchased a new position in shares of GAP during the 3rd quarter worth $190,000. BB&T Securities LLC purchased a new position in shares of GAP during the 2nd quarter worth $233,000. Bridges Investment Management Inc. purchased a new position in shares of GAP during the 3rd quarter worth $236,000. Finally, Pacer Advisors Inc. lifted its stake in shares of GAP by 17.7% during the 2nd quarter. Pacer Advisors Inc. now owns 11,275 shares of the apparel retailer’s stock worth $248,000 after purchasing an additional 1,694 shares during the period. Hedge funds and other institutional investors own 54.78% of the company’s stock.

Gap Inc (NYSE:GPS) opened at $33.56 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 0.77. The firm has a market capitalization of $13,050.04, a price-to-earnings ratio of 16.53, a P/E/G ratio of 2.00 and a beta of 0.95. Gap Inc has a 52-week low of $21.02 and a 52-week high of $34.41.

GAP (NYSE:GPS) last issued its earnings results on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. GAP had a return on equity of 27.47% and a net margin of 5.57%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. analysts predict that Gap Inc will post 2.1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Tuesday, January 2nd. GAP’s dividend payout ratio (DPR) is presently 42.40%.

In other GAP news, CEO Jeff Kirwan sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $26.11, for a total value of $26,110.00. Following the transaction, the chief executive officer now directly owns 24,268 shares of the company’s stock, valued at $633,637.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Dara Bazzano sold 1,593 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $30.04, for a total value of $47,853.72. Following the completion of the transaction, the vice president now directly owns 2,866 shares in the company, valued at $86,094.64. The disclosure for this sale can be found here. Insiders sold 2,212,077 shares of company stock worth $67,302,126 over the last three months. 27.30% of the stock is currently owned by corporate insiders.

A number of research analysts have weighed in on the company. Zacks Investment Research raised GAP from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Friday, August 25th. Oppenheimer set a $33.00 price target on GAP and gave the stock a “buy” rating in a research note on Monday, October 30th. Canaccord Genuity reissued a “buy” rating on shares of GAP in a research note on Thursday. ValuEngine raised GAP from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 30th. Finally, Royal Bank of Canada set a $26.00 price target on GAP and gave the stock a “hold” rating in a research note on Monday, October 30th. Four analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.94.

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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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Institutional Ownership by Quarter for GAP (NYSE:GPS)

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