Northwestern Mutual Investment Management Company LLC trimmed its holdings in Gap, Inc. (The) (NYSE:GPS) by 80.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,653 shares of the apparel retailer’s stock after selling 35,694 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Gap, Inc. (The) were worth $184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GPS. Nationwide Fund Advisors lifted its stake in shares of Gap, Inc. (The) by 90.6% in the first quarter. Nationwide Fund Advisors now owns 118,671 shares of the apparel retailer’s stock valued at $2,883,000 after buying an additional 56,424 shares in the last quarter. Suntrust Banks Inc. bought a new position in shares of Gap, Inc. (The) in the first quarter valued at $575,000. World Asset Management Inc lifted its stake in shares of Gap, Inc. (The) by 9.4% in the first quarter. World Asset Management Inc now owns 26,770 shares of the apparel retailer’s stock valued at $650,000 after buying an additional 2,294 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Gap, Inc. (The) by 10.2% in the first quarter. UBS Asset Management Americas Inc. now owns 699,510 shares of the apparel retailer’s stock valued at $16,991,000 after buying an additional 64,574 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Gap, Inc. (The) by 29.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,274 shares of the apparel retailer’s stock valued at $395,000 after buying an additional 3,698 shares in the last quarter. 56.22% of the stock is currently owned by hedge funds and other institutional investors.

In other Gap, Inc. (The) news, CEO Sonia Syngal sold 1,935 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $25.79, for a total transaction of $49,903.65. Following the completion of the sale, the chief executive officer now directly owns 39,656 shares of the company’s stock, valued at approximately $1,022,728.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul Joseph Chapman sold 4,898 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $22.82, for a total transaction of $111,772.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,833 shares of company stock valued at $231,606. Insiders own 27.30% of the company’s stock.

A number of research firms have weighed in on GPS. Jefferies Group LLC set a $35.00 price objective on shares of Gap, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, August 16th. Telsey Advisory Group raised their price objective on shares of Gap, Inc. (The) from $27.00 to $31.00 and gave the company a “market perform” rating in a research note on Tuesday. BidaskClub raised shares of Gap, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Gap, Inc. (The) in a research note on Monday. Finally, FBR & Co set a $25.00 price objective on shares of Gap, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, August 15th. Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $26.48.

Gap, Inc. (NYSE:GPS) opened at 28.00 on Thursday. Gap, Inc. has a 52-week low of $21.02 and a 52-week high of $30.74. The stock has a 50 day moving average of $24.44 and a 200-day moving average of $23.86. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 13.34 and a beta of 0.82. Gap, Inc. (The) also saw unusually large options trading activity on Monday. Stock traders purchased 619 put options on the stock. This is an increase of 443% compared to the average 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.06. The company 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 firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. On average, equities research analysts anticipate that Gap, Inc. will post $2.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio (DPR) is currently 43.81%.

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Gap, Inc. (The) 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.

Institutional Ownership by Quarter for Gap, Inc. (The) (NYSE:GPS)

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