Gap Inc (GPS) Shares Bought by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company raised its holdings in Gap Inc (NYSE:GPS) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 267,565 shares of the apparel retailer’s stock after buying an additional 7,931 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in GAP were worth $9,113,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in GPS. San Francisco Sentry Investment Group CA raised its stake in GAP by 543.3% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 3,493 shares of the apparel retailer’s stock valued at $119,000 after buying an additional 2,950 shares during the period. Cerebellum GP LLC bought a new stake in GAP in the fourth quarter valued at approximately $130,000. Acropolis Investment Management LLC raised its stake in GAP by 115.4% in the fourth quarter. Acropolis Investment Management LLC now owns 4,185 shares of the apparel retailer’s stock valued at $143,000 after buying an additional 2,242 shares during the period. IFG Advisory LLC bought a new stake in GAP in the fourth quarter valued at approximately $205,000. Finally, AE Wealth Management LLC bought a new stake in GAP in the third quarter valued at approximately $223,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.
Several analysts have issued reports on the company. Royal Bank of Canada set a $35.00 price objective on GAP and gave the company a “hold” rating in a research note on Thursday. KeyCorp restated an “overweight” rating on shares of GAP in a research note on Friday, November 17th. Canaccord Genuity restated a “buy” rating on shares of GAP in a research note on Thursday, December 14th. MKM Partners set a $35.00 price objective on GAP and gave the company a “hold” rating in a research note on Friday. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $28.00 price objective (up previously from $24.00) on shares of GAP in a research note on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $31.57.
Gap Inc (NYSE GPS) opened at $34.18 on Monday. Gap Inc has a 52 week low of $21.02 and a 52 week high of $35.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.04 and a current ratio of 1.86. The company has a market capitalization of $13,296.02, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.65 and a beta of 0.88.
GAP (NYSE:GPS) last posted its quarterly earnings data on Thursday, March 1st. The apparel retailer reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. GAP had a return on equity of 28.13% and a net margin of 5.35%. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter last year, the company earned $0.51 EPS. The company’s revenue was up 7.9% on a year-over-year basis. equities analysts forecast that Gap Inc will post 2.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 2nd. Shareholders of record on Wednesday, April 11th will be paid a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Tuesday, April 10th. This is a positive change from GAP’s previous quarterly dividend of $0.23. GAP’s dividend payout ratio (DPR) is 42.99%.
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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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