ARGI Investment Services LLC increased its stake in shares of Gap, Inc. (The) (NYSE:GPS) by 14.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,437 shares of the apparel retailer’s stock after buying an additional 7,846 shares during the period. ARGI Investment Services LLC’s holdings in Gap, Inc. (The) were worth $1,395,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tyers Asset Management LLC raised its position in Gap, Inc. (The) by 12.3% in the first quarter. Tyers Asset Management LLC now owns 206,756 shares of the apparel retailer’s stock valued at $5,022,000 after buying an additional 22,638 shares in the last quarter. State Treasurer State of Michigan raised its position in Gap, Inc. (The) by 0.4% in the first quarter. State Treasurer State of Michigan now owns 72,046 shares of the apparel retailer’s stock valued at $1,750,000 after buying an additional 300 shares in the last quarter. ING Groep NV raised its position in Gap, Inc. (The) by 4.3% in the first quarter. ING Groep NV now owns 186,819 shares of the apparel retailer’s stock valued at $4,538,000 after buying an additional 7,695 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Gap, Inc. (The) by 2.8% in the first quarter. Great West Life Assurance Co. Can now owns 206,019 shares of the apparel retailer’s stock valued at $5,000,000 after buying an additional 5,607 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Gap, Inc. (The) by 2.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 38,076 shares of the apparel retailer’s stock valued at $925,000 after buying an additional 1,035 shares in the last quarter. Hedge funds and other institutional investors own 55.68% of the company’s stock.

Gap, Inc. (NYSE GPS) traded up 0.72% on Thursday, reaching $23.65. 406,059 shares of the company traded hands. The stock has a market capitalization of $9.27 billion, a PE ratio of 11.27 and a beta of 0.87. Gap, Inc. has a one year low of $21.02 and a one year high of $30.74. The firm has a 50 day moving average of $23.19 and a 200-day moving average of $23.70.

Gap, Inc. (The) (NYSE:GPS) last posted its earnings results on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. On average, analysts anticipate that Gap, Inc. will post $2.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.92 annualized dividend and a dividend yield of 3.92%. Gap, Inc. (The)’s dividend payout ratio (DPR) is presently 43.81%.

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Several research analysts have recently commented on GPS shares. Jefferies Group LLC set a $34.00 price target on shares of Gap, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, May 4th. Vetr upgraded shares of Gap, Inc. (The) from a “sell” rating to a “hold” rating and set a $24.84 price target on the stock in a research note on Monday, May 15th. ValuEngine upgraded shares of Gap, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 17th. Royal Bank Of Canada restated a “hold” rating and set a $26.00 price target on shares of Gap, Inc. (The) in a research note on Wednesday, August 9th. Finally, BMO Capital Markets set a $23.00 price target on shares of Gap, Inc. (The) and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and six have assigned a buy rating to the company. Gap, Inc. (The) has a consensus rating of “Hold” and a consensus target price of $25.67.

In related news, EVP Paul Joseph Chapman sold 4,898 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total value of $111,772.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 6,898 shares of company stock worth $157,792 over the last three months. Insiders own 27.30% of the company’s stock.

About Gap, Inc. (The)

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.

Institutional Ownership by Quarter for Gap, Inc. (The) (NYSE:GPS)

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