Calamos Advisors LLC Has $668,000 Stake in Gap Inc. (GPS)
Calamos Advisors LLC increased its position in shares of Gap Inc. (NYSE:GPS) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 31,503 shares of the apparel retailer’s stock after buying an additional 12 shares during the period. Calamos Advisors LLC’s holdings in Gap were worth $668,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in GPS. Americafirst Capital Management LLC bought a new stake in Gap during the second quarter worth approximately $139,000. Sigma Planning Corp bought a new stake in Gap during the second quarter worth approximately $216,000. Beddow Capital Management Inc. bought a new stake in Gap during the first quarter worth approximately $226,000. Charter Trust Co. raised its stake in Gap by 1.6% in the second quarter. Charter Trust Co. now owns 11,374 shares of the apparel retailer’s stock worth $241,000 after buying an additional 175 shares during the last quarter. Finally, Commonwealth Equity Services Inc bought a new stake in Gap during the first quarter worth approximately $287,000. 57.42% of the stock is owned by institutional investors and hedge funds.
Gap Inc. (NYSE:GPS) traded up 1.11% during midday trading on Thursday, hitting $22.78. The company had a trading volume of 7,696,230 shares. The company has a market capitalization of $9.08 billion, a P/E ratio of 12.83 and a beta of 1.28. Gap Inc. has a 52 week low of $17.00 and a 52 week high of $30.49. The stock has a 50 day moving average price of $23.87 and a 200 day moving average price of $23.07.
Gap (NYSE:GPS) last posted its earnings results on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.79 billion. Gap had a return on equity of 33.26% and a net margin of 4.60%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 earnings per share. Equities analysts forecast that Gap Inc. will post ($0.01) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be given a $0.23 dividend. The ex-dividend date is Monday, October 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.04%. Gap’s dividend payout ratio is currently 51.98%.
A number of research firms recently commented on GPS. Jefferies Group reissued a “buy” rating on shares of Gap in a research report on Monday, August 29th. Vetr upgraded Gap from a “sell” rating to a “hold” rating and set a $25.65 price objective for the company in a research note on Monday, July 25th. Canaccord Genuity restated a “buy” rating on shares of Gap in a research note on Wednesday, August 17th. Stifel Nicolaus restated a “hold” rating on shares of Gap in a research note on Friday, August 19th. Finally, Deutsche Bank AG reduced their price objective on Gap from $19.00 to $18.00 and set a “sell” rating for the company in a research note on Friday, August 19th. Seven analysts have rated the stock with a sell rating, twenty-five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.94.
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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