Capital Fund Management S.A. increased its holdings in shares of Gap Inc (NYSE:GPS) by 551.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,639 shares of the apparel retailer’s stock after purchasing an additional 15,439 shares during the period. Capital Fund Management S.A.’s holdings in GAP were worth $365,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of GAP by 5.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 12,602,613 shares of the apparel retailer’s stock valued at $363,586,000 after purchasing an additional 701,959 shares in the last quarter. Wells Fargo & Company MN raised its position in GAP by 4.1% in the 3rd quarter. Wells Fargo & Company MN now owns 4,306,449 shares of the apparel retailer’s stock valued at $124,241,000 after buying an additional 168,980 shares during the last quarter. Point72 Asset Management L.P. raised its position in GAP by 626.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,743,079 shares of the apparel retailer’s stock valued at $88,848,000 after buying an additional 2,365,680 shares during the last quarter. Voya Investment Management LLC raised its position in GAP by 25.3% in the 2nd quarter. Voya Investment Management LLC now owns 2,337,564 shares of the apparel retailer’s stock valued at $75,713,000 after buying an additional 472,565 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in GAP by 2.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,729,802 shares of the apparel retailer’s stock valued at $56,025,000 after buying an additional 47,827 shares during the last quarter. Institutional investors and hedge funds own 56.60% of the company’s stock.

A number of brokerages recently issued reports on GPS. B. Riley dropped their target price on GAP from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, August 24th. Guggenheim reissued a “hold” rating on shares of GAP in a research report on Friday, August 24th. Zacks Investment Research lowered GAP from a “buy” rating to a “hold” rating in a research report on Tuesday, August 21st. Wedbush began coverage on GAP in a research report on Friday, August 10th. They issued a “neutral” rating and a $32.00 target price on the stock. Finally, Citigroup raised GAP from a “sell” rating to a “neutral” rating and set a $28.00 target price on the stock in a research report on Monday, August 27th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.30.

NYSE:GPS opened at $26.92 on Thursday. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 1.17 and a beta of 0.67. Gap Inc has a twelve month low of $24.25 and a twelve month high of $35.68. The company has a current ratio of 1.97, a quick ratio of 0.85 and a debt-to-equity ratio of 0.36.

GAP (NYSE:GPS) last posted its quarterly earnings results on Tuesday, November 20th. The apparel retailer reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4 billion. GAP had a return on equity of 29.45% and a net margin of 5.57%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 EPS. Research analysts forecast that Gap Inc will post 2.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 30th. Shareholders of record on Wednesday, January 9th will be given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, January 8th. GAP’s dividend payout ratio (DPR) is 45.54%.

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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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