Gap Inc (GPS) Holdings Increased by KBC Group NV
KBC Group NV boosted its stake in shares of Gap Inc (NYSE:GPS) by 28.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,088 shares of the apparel retailer’s stock after buying an additional 9,485 shares during the period. KBC Group NV’s holdings in GAP were worth $1,272,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ffcm LLC increased its holdings in shares of GAP by 198.0% in the 2nd quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after purchasing an additional 3,519 shares during the period. Howe & Rusling Inc. acquired a new position in shares of GAP in the 3rd quarter valued at about $190,000. AE Wealth Management LLC acquired a new position in shares of GAP in the 3rd quarter valued at about $223,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of GAP in the 3rd quarter valued at about $229,000. Finally, LMR Partners LLP acquired a new position in shares of GAP in the 3rd quarter valued at about $231,000. Hedge funds and other institutional investors own 54.78% of the company’s stock.
Shares of Gap Inc (NYSE GPS) opened at $33.96 on Wednesday. Gap Inc has a 12 month low of $21.02 and a 12 month high of $34.30. The firm has a market capitalization of $13,065.60, a price-to-earnings ratio of 16.55, a PEG ratio of 2.00 and a beta of 0.95. The company has a quick ratio of 0.77, a current ratio of 1.73 and a debt-to-equity ratio of 0.41.
The company 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 $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Tuesday, January 2nd. GAP’s dividend payout ratio is 42.40%.
In related news, Director William Sydney Fisher sold 666,849 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $27.99, for a total value of $18,665,103.51. Following the transaction, the director now owns 12,237,873 shares in the company, valued at $342,538,065.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Julie Gruber sold 7,133 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $34.00, for a total value of $242,522.00. Following the completion of the transaction, the executive vice president now owns 24,583 shares in the company, valued at approximately $835,822. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,212,077 shares of company stock worth $67,302,126. 27.30% of the stock is owned by company insiders.
GPS has been the topic of a number of research reports. FBR & Co set a $25.00 target price on GAP and gave the company a “hold” rating in a report on Tuesday, August 15th. Jefferies Group set a $35.00 price target on GAP and gave the company a “buy” rating in a research note on Wednesday, August 16th. Zacks Investment Research cut GAP from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Oppenheimer set a $28.00 price target on GAP and gave the company a “buy” rating in a research note on Thursday, August 17th. Finally, Deutsche Bank boosted their price target on GAP from $23.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Four equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.94.
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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.
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