Candriam Luxembourg S.C.A. Has $5.07 Million Stake in Gap, Inc. (The) (GPS)
Candriam Luxembourg S.C.A. grew its holdings in shares of Gap, Inc. (The) (NYSE:GPS) by 451.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 171,674 shares of the apparel retailer’s stock after acquiring an additional 140,541 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Gap, Inc. (The) were worth $5,070,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Ffcm LLC raised its stake in shares of Gap, Inc. (The) by 198.0% during the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after acquiring an additional 3,519 shares during the last quarter. James Investment Research Inc. bought a new position in shares of Gap, Inc. (The) during the second quarter valued at $144,000. Howe & Rusling Inc. bought a new position in shares of Gap, Inc. (The) during the third quarter valued at $190,000. Paragon Capital Management Ltd bought a new position in shares of Gap, Inc. (The) during the second quarter valued at $229,000. Finally, BB&T Securities LLC bought a new position in shares of Gap, Inc. (The) during the second quarter valued at $233,000. 56.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Gap, Inc. (NYSE:GPS) opened at $26.72 on Tuesday. The company has a market cap of $10,678.48, a PE ratio of 13.28, a price-to-earnings-growth ratio of 1.65 and a beta of 0.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.77 and a quick ratio of 0.92. Gap, Inc. has a 12-month low of $21.02 and a 12-month high of $30.74.
Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.52 by $0.06. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. equities analysts forecast that Gap, Inc. will post 2.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Tuesday, January 2nd. Gap, Inc. (The)’s dividend payout ratio is 43.81%.
A number of equities analysts recently weighed in on GPS shares. 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 Wednesday, August 9th. KeyCorp reissued a “buy” rating and set a $33.00 target price on shares of Gap, Inc. (The) in a research note on Tuesday, September 26th. BMO Capital Markets set a $23.00 target price on shares of Gap, Inc. (The) and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Oppenheimer Holdings, Inc. set a $28.00 target price on shares of Gap, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, August 17th. Finally, Robert W. Baird set a $26.00 target price on shares of Gap, Inc. (The) and gave the stock a “hold” rating in a research note on Sunday, October 1st. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.86.
In other news, CEO Jeff Kirwan sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $29.38, for a total value of $29,380.00. Following the sale, the chief executive officer now owns 25,268 shares of the company’s stock, valued at $742,373.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Paul Joseph Chapman sold 4,898 shares of the business’s stock in a transaction that occurred 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 ninety days, insiders sold 676,682 shares of company stock worth $18,906,180. Insiders own 27.30% of the company’s stock.
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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