Great West Life Assurance Co. Can increased its stake in shares of Gap, Inc. (The) (NYSE:GPS) by 91.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 393,791 shares of the apparel retailer’s stock after buying an additional 187,772 shares during the period. Great West Life Assurance Co. Can’s holdings in Gap, Inc. (The) were worth $8,647,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GPS. Miller Howard Investments Inc. NY increased its stake in shares of Gap, Inc. (The) by 24.2% in the first quarter. Miller Howard Investments Inc. NY now owns 38,342 shares of the apparel retailer’s stock valued at $931,000 after buying an additional 7,463 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Gap, Inc. (The) by 10.8% in the first quarter. Russell Investments Group Ltd. now owns 864,341 shares of the apparel retailer’s stock valued at $20,996,000 after buying an additional 84,218 shares during the last quarter. ARP Americas LLC increased its stake in shares of Gap, Inc. (The) by 3.9% in the first quarter. ARP Americas LLC now owns 10,538 shares of the apparel retailer’s stock valued at $256,000 after buying an additional 400 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of Gap, Inc. (The) by 12.3% in the first quarter. Glen Harbor Capital Management LLC now owns 150,368 shares of the apparel retailer’s stock valued at $3,652,000 after buying an additional 16,464 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Gap, Inc. (The) by 10.5% in the first quarter. Acadian Asset Management LLC now owns 116,471 shares of the apparel retailer’s stock valued at $2,829,000 after buying an additional 11,100 shares during the last quarter. Hedge funds and other institutional investors own 56.42% of the company’s stock.

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 company has a market cap of $9.16 billion, a P/E ratio of 13.38 and a beta of 0.87. The firm 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 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.07. The business had revenue of $3.44 billion for 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 quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 EPS. On average, analysts forecast that Gap, Inc. will post $2.00 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.92 annualized dividend and a yield of 3.97%. Gap, Inc. (The)’s payout ratio is presently 53.18%.

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Several brokerages have weighed in on GPS. Wolfe Research reiterated an “outperform” rating and issued a $32.00 price objective on shares of Gap, Inc. (The) in a research report on Friday, April 28th. Jefferies Group LLC set a $34.00 target price on Gap, Inc. (The) and gave the company a “buy” rating in a report on Thursday, May 4th. TheStreet upgraded Gap, Inc. (The) from a “c” rating to a “b-” rating in a report on Thursday, April 20th. Vetr downgraded Gap, Inc. (The) from a “buy” rating to a “hold” rating and set a $24.84 target price for the company. in a report on Thursday, April 20th. Finally, ValuEngine upgraded Gap, Inc. (The) from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 17th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Gap, Inc. (The) has a consensus rating of “Hold” and an average price target of $25.78.

In other Gap, Inc. (The) news, CEO Jeff Kirwan sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $24.88, for a total transaction of $124,400.00. Following the sale, the chief executive officer now owns 29,548 shares in the company, valued at approximately $735,154.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 8,000 shares of company stock worth $192,960. Company 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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Institutional Ownership by Quarter for Gap, Inc. (The) (NYSE:GPS)

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