BlueMountain Capital Management LLC boosted its holdings in Gap, Inc. (The) (NYSE:GPS) by 93.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 416,986 shares of the apparel retailer’s stock after buying an additional 201,389 shares during the quarter. BlueMountain Capital Management LLC owned 0.11% of Gap, Inc. (The) worth $9,170,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Nationwide Fund Advisors grew its position in Gap, Inc. (The) by 90.6% in the first quarter. Nationwide Fund Advisors now owns 118,671 shares of the apparel retailer’s stock worth $2,883,000 after buying an additional 56,424 shares during the last quarter. OppenheimerFunds Inc. grew its position in Gap, Inc. (The) by 15.5% in the first quarter. OppenheimerFunds Inc. now owns 82,410 shares of the apparel retailer’s stock worth $2,002,000 after buying an additional 11,080 shares during the last quarter. World Asset Management Inc grew its position in Gap, Inc. (The) by 9.4% in the first quarter. World Asset Management Inc now owns 26,770 shares of the apparel retailer’s stock worth $650,000 after buying an additional 2,294 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in Gap, Inc. (The) by 8.0% in the second quarter. Xact Kapitalforvaltning AB now owns 29,517 shares of the apparel retailer’s stock worth $649,000 after buying an additional 2,186 shares during the last quarter. Finally, Morgan Stanley grew its position in Gap, Inc. (The) by 20.1% in the first quarter. Morgan Stanley now owns 1,953,064 shares of the apparel retailer’s stock worth $47,440,000 after buying an additional 326,601 shares during the last quarter. Hedge funds and other institutional investors own 56.21% of the company’s stock.

Shares of Gap, Inc. (NYSE:GPS) traded up 0.809% on Friday, reaching $28.025. 1,294,870 shares of the company traded hands. The stock has a 50 day moving average of $24.10 and a 200 day moving average of $23.81. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 13.352 and a beta of 0.82. Gap, Inc. has a 52-week low of $21.02 and a 52-week high of $30.74.

Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. On average, analysts expect that Gap, Inc. will post $2.06 earnings per share for the current 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 $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio is currently 43.81%.

In other Gap, Inc. (The) news, CEO Sonia Syngal sold 1,935 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $25.79, for a total value of $49,903.65. Following the completion of the sale, the chief executive officer now owns 39,656 shares in the company, valued at $1,022,728.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul Joseph Chapman sold 4,898 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $22.82, for a total transaction of $111,772.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,833 shares of company stock valued at $231,606. Corporate insiders own 27.30% of the company’s stock.

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GPS has been the topic of several recent research reports. CIBC upgraded shares of Gap, Inc. (The) from a “market perform” rating to an “outperform” rating in a research report on Monday, June 5th. Oppenheimer Holdings, Inc. set a $28.00 price objective on shares of Gap, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered shares of Gap, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. ValuEngine lowered shares of Gap, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC set a $35.00 price objective on shares of Gap, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.01.

Gap, Inc. (The) 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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