Dupont Capital Management Corp cut its position in Gap, Inc. (The) (NYSE:GPS) by 4.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 53,986 shares of the apparel retailer’s stock after selling 2,471 shares during the period. Dupont Capital Management Corp’s holdings in Gap, Inc. (The) were worth $1,187,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of GPS. Ameritas Investment Partners Inc. bought a new stake in Gap, Inc. (The) during the first quarter worth approximately $127,000. Penserra Capital Management LLC boosted its stake in Gap, Inc. (The) by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,980 shares of the apparel retailer’s stock worth $145,000 after buying an additional 520 shares during the last quarter. James Investment Research Inc. bought a new stake in Gap, Inc. (The) during the second quarter worth approximately $144,000. Yorktown Management & Research Co Inc bought a new stake in Gap, Inc. (The) during the first quarter worth approximately $211,000. Finally, Foster & Motley Inc. bought a new stake in Gap, Inc. (The) during the first quarter worth approximately $217,000. Institutional investors and hedge funds own 57.30% of the company’s stock.
Shares of Gap, Inc. (NYSE GPS) opened at 22.96 on Wednesday. Gap, Inc. has a 52-week low of $21.02 and a 52-week high of $30.74. The stock has a 50 day moving average of $23.15 and a 200 day moving average of $23.70. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 10.94 and a beta of 0.87. Gap, Inc. (The) also was the recipient of some unusual options trading on Monday. Stock investors bought 619 put options on the company. This represents an increase of approximately 443% compared to the typical daily volume of 114 put options.
Gap, Inc. (The) (NYSE:GPS) last issued its earnings results on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Gap, Inc. (The)’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts expect that Gap, Inc. will post $2.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a $0.23 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.92 annualized dividend and a yield of 4.01%. Gap, Inc. (The)’s dividend payout ratio is presently 43.81%.
A number of research analysts have recently issued reports on GPS shares. Royal Bank Of Canada reiterated a “hold” rating and set a $26.00 price objective on shares of Gap, Inc. (The) in a report on Wednesday, August 9th. Robert W. Baird reiterated a “neutral” rating and set a $26.00 price objective on shares of Gap, Inc. (The) in a report on Sunday. BMO Capital Markets set a $23.00 price objective on shares of Gap, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, August 8th. Oppenheimer Holdings, Inc. set a $28.00 price objective on shares of Gap, Inc. (The) and gave the company a “buy” rating in a report on Thursday, August 17th. Finally, Deutsche Bank AG lifted their price objective on shares of Gap, Inc. (The) from $23.00 to $24.00 and gave the company a “hold” rating in a report on Friday, August 18th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.63.
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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