Korea Investment CORP reduced its position in Gap Inc (NYSE:GPS) by 53.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,669 shares of the apparel retailer’s stock after selling 140,800 shares during the period. Korea Investment CORP’s holdings in GAP were worth $3,134,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Employees Retirement System of Texas grew its stake in GAP by 41.4% in the fourth quarter. Employees Retirement System of Texas now owns 41,000 shares of the apparel retailer’s stock worth $1,056,000 after purchasing an additional 12,000 shares in the last quarter. Northern Trust Corp grew its stake in GAP by 6.5% in the fourth quarter. Northern Trust Corp now owns 3,674,108 shares of the apparel retailer’s stock worth $94,645,000 after purchasing an additional 225,682 shares in the last quarter. Blueshift Asset Management LLC bought a new position in GAP in the fourth quarter worth approximately $805,000. Mn Services Vermogensbeheer B.V. grew its stake in GAP by 243.3% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 126,938 shares of the apparel retailer’s stock worth $2,860,000 after purchasing an additional 89,961 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co bought a new position in GAP in the fourth quarter worth approximately $328,000. Institutional investors own 57.25% of the company’s stock.

In other news, CEO Sonia Syngal sold 11,764 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $26.51, for a total transaction of $311,863.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Julie Gruber sold 7,500 shares of the stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $24.73, for a total value of $185,475.00. The disclosure for this sale can be found here. 30.60% of the stock is owned by corporate insiders.

GAP stock opened at $25.52 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 1.16 and a beta of 0.53. Gap Inc has a twelve month low of $24.25 and a twelve month high of $34.21.

GAP (NYSE:GPS) last posted its earnings results on Thursday, February 28th. The apparel retailer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. GAP had a return on equity of 29.65% and a net margin of 6.05%. During the same quarter last year, the company earned $0.61 earnings per share. Analysts anticipate that Gap Inc will post 2.49 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.2425 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $0.97 dividend on an annualized basis and a yield of 3.80%. GAP’s dividend payout ratio is currently 37.45%.

Several research analysts recently issued reports on the company. ValuEngine raised GAP from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. Standpoint Research cut GAP from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Deutsche Bank increased their price objective on GAP from $30.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. Guggenheim reissued a “hold” rating on shares of GAP in a research note on Friday, March 1st. Finally, Credit Suisse Group dropped their price objective on GAP from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 26th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. GAP presently has an average rating of “Hold” and an average price target of $29.33.

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GAP Profile

The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, and Intermix brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.

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Institutional Ownership by Quarter for GAP (NYSE:GPS)

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