Vanguard Group Inc. raised its stake in Gap, Inc. (The) (NYSE:GPS) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,743,881 shares of the apparel retailer’s stock after purchasing an additional 643,396 shares during the period. Vanguard Group Inc. owned 6.00% of Gap, Inc. (The) worth $522,127,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GPS. Stephens Inc. AR raised its holdings in Gap, Inc. (The) by 0.4% during the first quarter. Stephens Inc. AR now owns 14,596 shares of the apparel retailer’s stock worth $355,000 after purchasing an additional 59 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Gap, Inc. (The) by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,354 shares of the apparel retailer’s stock worth $360,000 after buying an additional 80 shares during the last quarter. Advantus Capital Management Inc lifted its position in shares of Gap, Inc. (The) by 0.4% during the 1st quarter. Advantus Capital Management Inc now owns 21,962 shares of the apparel retailer’s stock worth $533,000 after buying an additional 89 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Gap, Inc. (The) by 0.3% during the 1st quarter. Arizona State Retirement System now owns 74,243 shares of the apparel retailer’s stock worth $1,803,000 after buying an additional 200 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Gap, Inc. (The) by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the apparel retailer’s stock worth $301,000 after buying an additional 200 shares during the last quarter. Institutional investors own 56.22% of the company’s stock.

In other news, Director William Sydney Fisher sold 666,849 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $27.99, for a total transaction of $18,665,103.51. Following the completion of the sale, the director now directly owns 12,237,873 shares of the company’s stock, valued at approximately $342,538,065.27. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul Joseph Chapman sold 4,898 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total value of $111,772.36. The disclosure for this sale can be found here. Insiders sold 675,682 shares of company stock worth $18,874,530 in the last ninety days. 27.30% of the stock is owned by corporate insiders.

GPS has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Monday, September 11th. ValuEngine cut Gap, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Citigroup Inc. upgraded Gap, Inc. (The) from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $22.00 to $24.00 in a research report on Friday, September 1st. CIBC raised Gap, Inc. (The) from a “market perform” rating to an “outperform” rating in a report on Monday, June 5th. Finally, Instinet reissued a “neutral” rating and issued a $25.00 target price on shares of Gap, Inc. (The) in a report on Sunday, August 20th. Three equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have given a buy rating to the stock. Gap, Inc. (The) currently has a consensus rating of “Hold” and an average target price of $26.55.

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Gap, Inc. (GPS) opened at 29.50 on Tuesday. The firm’s 50-day moving average price is $25.80 and its 200 day moving average price is $24.18. The stock has a market cap of $11.57 billion, a P/E ratio of 14.05 and a beta of 0.87. Gap, Inc. has a 52-week low of $21.02 and a 52-week high of $30.74. Gap, Inc. (The) also was the target of unusually large options trading activity on Monday. Stock traders bought 619 put options on the company. This represents an increase of 443% compared to the typical daily volume of 114 put options.

Gap, Inc. (The) (NYSE:GPS) last released its earnings results on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 earnings per share. Equities analysts predict that Gap, Inc. will post $2.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.92 annualized dividend and a dividend yield of 3.12%. Gap, Inc. (The)’s dividend payout ratio is currently 43.81%.

Gap, Inc. (The) 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, Inc. (The) (NYSE:GPS)

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