105,000 Shares in Gap Inc (GPS) Acquired by Pensionfund DSM Netherlands
Pensionfund DSM Netherlands bought a new stake in Gap Inc (NYSE:GPS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 105,000 shares of the apparel retailer’s stock, valued at approximately $3,576,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ lifted its holdings in GAP by 305.0% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,624,032 shares of the apparel retailer’s stock valued at $77,488,000 after purchasing an additional 1,976,200 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in GAP by 10.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,710,283 shares of the apparel retailer’s stock valued at $316,275,000 after purchasing an additional 1,030,160 shares during the last quarter. APG Asset Management N.V. lifted its holdings in GAP by 27.7% during the 3rd quarter. APG Asset Management N.V. now owns 4,652,508 shares of the apparel retailer’s stock valued at $137,389,000 after purchasing an additional 1,009,400 shares during the last quarter. Vanguard Group Inc. lifted its holdings in GAP by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 23,743,881 shares of the apparel retailer’s stock valued at $522,127,000 after purchasing an additional 643,396 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in GAP by 197.6% during the 3rd quarter. Retirement Systems of Alabama now owns 908,992 shares of the apparel retailer’s stock valued at $26,843,000 after purchasing an additional 603,547 shares during the last quarter. 54.58% of the stock is owned by institutional investors and hedge funds.
Shares of Gap Inc (GPS) traded down $0.38 during trading hours on Tuesday, hitting $34.06. The stock had a trading volume of 2,189,400 shares, compared to its average volume of 5,872,168. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 0.77. Gap Inc has a one year low of $21.02 and a one year high of $35.24. The firm has a market capitalization of $13,244.47, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94.
GAP (NYSE:GPS) last issued its earnings results on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. GAP had a return on equity of 27.47% and a net margin of 5.57%. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. GAP’s revenue for the quarter was up 1.1% on a year-over-year basis. research analysts anticipate that Gap Inc will post 2.1 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a yield of 2.70%. GAP’s dividend payout ratio (DPR) is currently 42.40%.
A number of equities research analysts have recently weighed in on the company. Oppenheimer set a $33.00 target price on GAP and gave the stock a “buy” rating in a report on Monday, October 30th. Canaccord Genuity reaffirmed a “buy” rating on shares of GAP in a research note on Thursday, December 14th. ValuEngine raised GAP from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 30th. Zacks Investment Research downgraded GAP from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Royal Bank of Canada set a $26.00 target price on GAP and gave the company a “hold” rating in a research report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.37.
In other GAP news, CEO Jeff Kirwan sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $26.11, for a total value of $26,110.00. Following the completion of the transaction, the chief executive officer now owns 24,268 shares in the company, valued at approximately $633,637.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dara Bazzano sold 1,593 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $30.04, for a total value of $47,853.72. Following the completion of the transaction, the vice president now owns 2,866 shares of the company’s stock, valued at approximately $86,094.64. The disclosure for this sale can be found here. Insiders have sold 1,549,690 shares of company stock valued at $48,798,813 in the last quarter. 27.30% of the stock is currently owned by corporate insiders.
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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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