Trexquant Investment LP Invests $884,000 in Gap, Inc. (The) (GPS)
Trexquant Investment LP purchased a new stake in Gap, Inc. (The) (NYSE:GPS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 40,200 shares of the apparel retailer’s stock, valued at approximately $884,000.
Other large investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Gap, Inc. (The) during the first quarter valued at $127,000. James Investment Research Inc. acquired a new stake in shares of Gap, Inc. (The) during the second quarter valued at $144,000. Penserra Capital Management LLC boosted its stake in shares of 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 valued at $145,000 after buying an additional 520 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in shares of Gap, Inc. (The) during the first quarter valued at $211,000. Finally, Foster & Motley Inc. acquired a new stake in shares of Gap, Inc. (The) during the first quarter valued at $217,000. Institutional investors own 56.42% of the company’s stock.
Shares of Gap, Inc. (GPS) opened at 23.77 on Thursday. The firm’s 50 day moving average is $23.02 and its 200 day moving average is $23.73. The stock has a market capitalization of $9.41 billion, a price-to-earnings ratio of 13.74 and a beta of 0.87. Gap, Inc. has a 52-week low of $21.02 and a 52-week high of $30.74. Gap, Inc. (The) also was the recipient of unusually large options trading on Monday. Traders acquired 619 put options on the stock. This represents an increase of approximately 443% compared to the typical volume of 114 put options.
Gap, Inc. (The) (NYSE:GPS) last posted its earnings results on Thursday, May 18th. The apparel retailer reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.07. The firm had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Gap, Inc. (The) had a return on equity of 29.75% and a net margin of 4.46%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share. Equities analysts expect that Gap, Inc. will post $2.00 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Wednesday, July 5th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Friday, June 30th. Gap, Inc. (The)’s payout ratio is 53.18%.
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Several equities research analysts recently weighed in on the stock. TheStreet cut shares of Gap, Inc. (The) from a “b-” rating to a “c” rating in a research report on Thursday, May 18th. Vetr cut shares of Gap, Inc. (The) from a “buy” rating to a “hold” rating and set a $24.84 price target on the stock. in a research report on Thursday, April 20th. BMO Capital Markets set a $23.00 price target on shares of Gap, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday. Jefferies Group LLC set a $35.00 price target on shares of Gap, Inc. (The) and gave the stock a “buy” rating in a research report on Friday, May 19th. Finally, Oppenheimer Holdings, Inc. upgraded shares of Gap, Inc. (The) from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $24.00 to $28.00 in a research report on Sunday, June 4th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $25.78.
In related news, CEO Jeff Kirwan sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $24.88, for a total transaction of $124,400.00. Following the completion of the sale, the chief executive officer now owns 29,548 shares in the company, valued at $735,154.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 8,000 shares of company stock valued at $192,960. 27.30% of the stock is owned by company insiders.
Gap, Inc. (The) 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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