Gap, Inc. (The) (GPS) Shares Bought by Clark Estates Inc. NY
Clark Estates Inc. NY raised its position in shares of Gap, Inc. (The) (NYSE:GPS) by 19.9% during the second quarter, Holdings Channel reports. The institutional investor owned 132,800 shares of the apparel retailer’s stock after buying an additional 22,000 shares during the period. Clark Estates Inc. NY’s holdings in Gap, Inc. (The) were worth $2,920,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new stake in Gap, Inc. (The) during the first quarter worth approximately $127,000. James Investment Research Inc. acquired a new stake in Gap, Inc. (The) during the second quarter worth approximately $144,000. Penserra Capital Management LLC increased 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 in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in Gap, Inc. (The) during the first quarter worth approximately $211,000. Finally, Foster & Motley Inc. acquired a new stake in Gap, Inc. (The) during the first quarter worth approximately $217,000. Institutional investors own 56.42% of the company’s stock.
Shares of Gap, Inc. (NYSE:GPS) opened at 23.15 on Friday. Gap, Inc. has a 12 month low of $21.02 and a 12 month high of $30.74. The firm has a market capitalization of $9.16 billion, a PE ratio of 13.38 and a beta of 0.87. The company has a 50 day moving average price of $23.08 and a 200-day moving average price of $23.72.
Gap, Inc. (The) (NYSE:GPS) last posted its quarterly earnings results on Thursday, May 18th. The apparel retailer reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate 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. Gap, Inc. (The) had a return on equity of 29.75% and a net margin of 4.46%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share. Equities research analysts expect that Gap, Inc. will post $2.00 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 3.97%. Gap, Inc. (The)’s dividend payout ratio (DPR) is 53.18%.
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GPS has been the topic of several research analyst reports. TheStreet downgraded Gap, Inc. (The) from a “b-” rating to a “c” rating in a report on Thursday, May 18th. Vetr downgraded Gap, Inc. (The) from a “buy” rating to a “hold” rating and set a $24.84 price objective on the stock. in a report on Thursday, April 20th. BMO Capital Markets set a $23.00 price objective on Gap, Inc. (The) and gave the company a “hold” rating in a report on Tuesday. Jefferies Group LLC set a $35.00 price objective on Gap, Inc. (The) and gave the company a “buy” rating in a report on Friday, May 19th. Finally, Oppenheimer Holdings, Inc. upgraded Gap, Inc. (The) from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $24.00 to $28.00 in a report on Sunday, June 4th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the stock. Gap, Inc. (The) presently has a consensus rating of “Hold” and a consensus price target of $25.78.
In related news, CEO Jeff Kirwan sold 5,000 shares of Gap, Inc. (The) stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $24.88, for a total value of $124,400.00. Following the completion of the transaction, the chief executive officer now directly owns 29,548 shares in the company, valued at $735,154.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 8,000 shares of company stock valued at $192,960 over the last quarter. Insiders own 27.30% of the company’s stock.
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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