Sumitomo Mitsui Asset Management Company LTD maintained its position in Gap, Inc. (The) (NYSE:GPS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,339 shares of the apparel retailer’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Gap, Inc. (The) were worth $403,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Stephens Inc. AR increased its stake in Gap, Inc. (The) by 0.4% in the first quarter. Stephens Inc. AR now owns 14,596 shares of the apparel retailer’s stock worth $355,000 after buying an additional 59 shares in the last quarter. Advantus Capital Management Inc increased its stake in Gap, Inc. (The) by 0.4% in the first quarter. Advantus Capital Management Inc now owns 21,962 shares of the apparel retailer’s stock worth $533,000 after buying an additional 89 shares in the last quarter. Private Advisor Group LLC increased its stake in Gap, Inc. (The) by 1.5% in the first quarter. Private Advisor Group LLC now owns 10,700 shares of the apparel retailer’s stock worth $245,000 after buying an additional 153 shares in the last quarter. Arizona State Retirement System increased its stake in Gap, Inc. (The) by 0.3% in the first quarter. 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. Finally, Louisiana State Employees Retirement System increased its stake in Gap, Inc. (The) by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the apparel retailer’s stock worth $301,000 after buying an additional 200 shares in the last quarter. 56.42% of the stock is owned by hedge funds and other institutional investors.

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 stock’s 50 day moving average price is $23.08 and its 200-day moving average price is $23.72. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 13.38 and a beta of 0.87.

Gap, Inc. (The) (NYSE:GPS) last posted its quarterly earnings data on Thursday, May 18th. The apparel retailer reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The company 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%. Gap, Inc. (The)’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share. Equities analysts anticipate that Gap, Inc. will post $2.00 EPS for the current fiscal year.

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

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GPS has been the subject of a number of analyst reports. BidaskClub raised Gap, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Jefferies Group LLC set a $35.00 target price on Gap, Inc. (The) and gave the stock a “buy” rating in a research note on Friday, May 19th. FBR & Co set a $28.00 target price on Gap, Inc. (The) and gave the stock a “hold” rating in a research note on Friday, May 19th. Royal Bank Of Canada reissued a “hold” rating and set a $26.00 target price on shares of Gap, Inc. (The) in a research note on Tuesday, April 18th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $27.00 target price (up previously from $26.00) on shares of Gap, Inc. (The) in a research note on Friday, July 14th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company. Gap, Inc. (The) presently has an average rating of “Hold” and a consensus price target of $25.78.

In related news, CEO Jeff Kirwan sold 5,000 shares of the company’s stock in a transaction 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 can be accessed through this hyperlink. In the last quarter, 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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Institutional Ownership by Quarter for Gap, Inc. (The) (NYSE:GPS)

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