The value of the company’s investment in Gap, Inc. (The) (NYSE:GPS) by 20.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Arizona State Retirement System now owns 74,243 shares of the apparel retailer’s stock worth $1,803,000 after buying an additional 200 shares in the last quarter.
Royal Bank Of Canada reissued their hold rating on shares of Gap, Inc. (The) worth $27,439,000 at the end of the most recent quarter.
A number of institutional investors have recently added to or reduced their stakes in Global Positioning System. Ameritas Investment Partners Inc. acquired a new position in Gap, Inc. (The) during the first quarter valued at about $127,000. DnB Asset Management AS boosted its position in shares of Gap, Inc. (The) by 1.5% in the first quarter.
Over the past five trading sessions shares of Dollar General Corporation (NYSE:DG) are 1.55%; 10.36% for the month; 4.07% for the last quarter; 5.34% for the past six-months; and -17.53% for the last 12 months. Yorktown Management & Research Co Inc bought a new stake in shares of Gap, Inc. Following the sale, the chief executive officer now owns 29,548 shares of the company’s stock, valued at $735,154.24. Finally, Morgan Stanley boosted its position in shares of Gap, Inc. (The) by 39.3% in the first quarter. The stock of Gap Inc (NYSE:GPS) earned “Sell” rating by UBS on Friday, August 19. (The) during the first quarter worth about $217,000. The institutional investor owned 148,413 shares of the apparel retailer’s stock after selling 38,406 shares during the period.
The following firms have also recently changed their position in GPS. During the last 52 weeks, the price has been as high as $30.74 and as low as $21.02. The stock rose 0.30% or $0.07 reaching $23.12. Gap, Inc. The stock has a 50-day moving average price of $22.90 and a 200 day moving average price of $23.73. The stock has a market cap of $9.41 billion, a P/E ratio of 13.737 and a beta of 0.87. It dropped, as 46 investors sold Global Positioning System shares while 142 reduced holdings. (The) also was the target of some unusual options trading on Monday. Institutional investors and hedge funds own 56.42% of the company’s stock. This is an increase of approximately 443% compared to the average daily volume of 114 put options. The Gap, Inc. (NYSE:GPS), at its latest closing price of $23.77, it has a price-to-book ratio of 3.40, compared to an industry average at 3.93. The apparel retailer reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The business had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.39 billion.
While looking at the Stock’s Performance, The Gap, Inc. now shows a Weekly Performance of 1.49%, where Monthly Performance is 12.12%, Quarterly performance is -11.07%, 6 Months performance is 1.97% and yearly performance percentage is -1%. While in the same Quarter Previous year, the Actual EPS was $0.6. Advantus Capital Mgmt Incorporated owns 0.01% invested in Gap Inc (NYSE:GPS) for 21,873 shares.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Friday, June 30th. This dividend represents a yeild of $3.85 which is the dividend as a percentage of the current share price. TheStreet upgraded shares of Gap, Inc.
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A number of equities research analysts have recently weighed in on Global Positioning System shares. Jefferies Group LLC set a $34.00 target price on Gap, Inc. On November 28 the stock rating was upgraded to “Neutral” from ” in a report from PiperJaffray. The firm has “Buy” rating given on Wednesday, August 17 by Argus Research. James Investment Research Inc. purchased a new stake in shares of Gap, Inc. (NYSE:GPS), 5 have Buy rating, 6 Sell and 22 Hold. Citadel Limited Liability Company reported 329,295 shares or 0.01% of all its holdings. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a $27.00 price target (up from $26.00) on shares of Gap, Inc. (The) from a strong-buy rating to a buy rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company. On November 18 the stock rating was downgraded to “Sell” from “Neutral” and a price target of $25.00 was set in an announcement from Citigroup. The stock was sold at an average price of $24.88, for a total transaction of $124,400.00. In the last quarter, insiders sold 8,000 shares of company stock worth $192,960. Moreover, Emerald Advisers Inc Pa has 1.18% invested in the company for 990,342 shares. It operates Gap, Banana Republic and Old Navy stores throughout Asia, Australia, Europe, Latin America, the Middle East and Africa.