Pinebridge Investments L.P. boosted its position in shares of Gap Inc (NYSE:GPS) by 15.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,712 shares of the apparel retailer’s stock after buying an additional 2,884 shares during the quarter. Pinebridge Investments L.P.’s holdings in GAP were worth $641,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its stake in shares of GAP by 339.7% during the second quarter. Janus Henderson Group PLC now owns 141,919 shares of the apparel retailer’s stock valued at $3,121,000 after purchasing an additional 109,643 shares during the period. Alpha Windward LLC boosted its stake in shares of GAP by 1,046.5% during the third quarter. Alpha Windward LLC now owns 22,415 shares of the apparel retailer’s stock valued at $662,000 after purchasing an additional 20,460 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of GAP by 10.6% during the third quarter. Bank of New York Mellon Corp now owns 10,710,283 shares of the apparel retailer’s stock valued at $316,275,000 after purchasing an additional 1,030,160 shares during the period. Empirical Finance LLC boosted its stake in shares of GAP by 82.4% during the second quarter. Empirical Finance LLC now owns 71,149 shares of the apparel retailer’s stock valued at $1,565,000 after purchasing an additional 32,145 shares during the period. Finally, Bridgewater Associates LP boosted its stake in shares of GAP by 98.4% during the second quarter. Bridgewater Associates LP now owns 551,572 shares of the apparel retailer’s stock valued at $12,129,000 after purchasing an additional 273,572 shares during the period. 54.78% of the stock is owned by institutional investors.

GPS has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of GAP from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Monday, September 11th. ValuEngine lowered shares of GAP from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Citigroup raised shares of GAP from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $22.00 to $24.00 in a research note on Friday, September 1st. Royal Bank Of Canada upped their price objective on shares of GAP from $26.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Friday, November 17th. Finally, Instinet reaffirmed a “neutral” rating and issued a $25.00 price objective on shares of GAP in a research note on Sunday, August 20th. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $27.94.

In other news, CEO Jeff Kirwan sold 1,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.38, for a total transaction of $29,380.00. Following the transaction, the chief executive officer now owns 25,268 shares in the company, valued at $742,373.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Dara Bazzano sold 1,593 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $30.04, for a total transaction of $47,853.72. Following the transaction, the vice president now owns 2,866 shares in the company, valued at approximately $86,094.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,212,077 shares of company stock worth $67,302,126. Corporate insiders own 27.30% of the company’s stock.

Gap Inc (NYSE GPS) opened at $33.49 on Monday. Gap Inc has a fifty-two week low of $21.02 and a fifty-two week high of $34.30. The company has a current ratio of 1.73, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The stock has a market cap of $13,022.82, a PE ratio of 16.50, a PEG ratio of 1.99 and a beta of 0.95.

GAP (NYSE:GPS) last posted its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. GAP had a net margin of 5.57% and a return on equity of 27.47%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. sell-side analysts forecast that Gap Inc will post 2.1 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. GAP’s dividend payout ratio (DPR) is currently 42.40%.

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About GAP

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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Institutional Ownership by Quarter for GAP (NYSE:GPS)

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