Alliancebernstein L.P. decreased its stake in shares of Gap Inc (NYSE:GPS) by 13.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 515,387 shares of the apparel retailer’s stock after selling 78,494 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of GAP worth $17,554,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GPS. Raymond James Financial Services Advisors Inc. lifted its position in GAP by 19.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 60,077 shares of the apparel retailer’s stock valued at $1,774,000 after purchasing an additional 9,732 shares during the last quarter. Principal Financial Group Inc. lifted its position in GAP by 50.6% during the third quarter. Principal Financial Group Inc. now owns 542,113 shares of the apparel retailer’s stock valued at $16,008,000 after purchasing an additional 182,208 shares during the last quarter. New York State Common Retirement Fund lifted its position in GAP by 1.1% during the third quarter. New York State Common Retirement Fund now owns 526,200 shares of the apparel retailer’s stock valued at $15,539,000 after purchasing an additional 5,900 shares during the last quarter. Rhumbline Advisers lifted its position in GAP by 2.3% during the third quarter. Rhumbline Advisers now owns 480,122 shares of the apparel retailer’s stock valued at $14,178,000 after purchasing an additional 10,692 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in GAP by 0.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 728,655 shares of the apparel retailer’s stock valued at $21,517,000 after purchasing an additional 2,093 shares during the last quarter. Hedge funds and other institutional investors own 58.30% of the company’s stock.

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GAP stock opened at $32.11 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.04 and a debt-to-equity ratio of 0.40. The company has a market cap of $12,537.47, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.53 and a beta of 0.88. Gap Inc has a 12-month low of $21.02 and a 12-month high of $35.68.

GAP (NYSE:GPS) last posted its earnings results on Thursday, March 1st. The apparel retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.68 billion. GAP had a net margin of 5.35% and a return on equity of 28.13%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. equities research analysts expect that Gap Inc will post 2.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 2nd. Shareholders of record on Wednesday, April 11th will be given a dividend of $0.2425 per share. This is an increase from GAP’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, April 10th. This represents a $0.97 dividend on an annualized basis and a yield of 3.02%. GAP’s dividend payout ratio (DPR) is 42.99%.

Several equities analysts have commented on GPS shares. Cowen reiterated a “hold” rating and set a $32.00 price objective on shares of GAP in a research report on Wednesday, November 22nd. ValuEngine upgraded shares of GAP from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 30th. Citigroup lowered shares of GAP from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $32.50 to $25.00 in a research report on Thursday, November 30th. Oppenheimer reiterated a “market perform” rating and set a $33.00 price objective on shares of GAP in a research report on Thursday, December 14th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of GAP in a research report on Thursday, December 14th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. GAP has an average rating of “Hold” and a consensus price target of $31.99.

In other GAP news, major shareholder John J. Fisher sold 500,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $34.43, for a total transaction of $17,215,000.00. Following the transaction, the insider now owns 2,319,396 shares of the company’s stock, valued at approximately $79,856,804.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julie Gruber sold 5,462 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $35.00, for a total transaction of $191,170.00. Following the transaction, the executive vice president now directly owns 11,988 shares in the company, valued at approximately $419,580. The disclosure for this sale can be found here. Insiders have sold a total of 702,893 shares of company stock worth $23,976,241 in the last three months. Insiders own 27.30% of the company’s stock.

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GAP 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.

Institutional Ownership by Quarter for GAP (NYSE:GPS)

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