Private Advisor Group LLC bought a new position in Gap Inc (NYSE:GPS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,699 shares of the apparel retailer’s stock, valued at approximately $279,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Louisiana State Employees Retirement System lifted its holdings in shares of GAP by 1.5% during the second 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. Municipal Employees Retirement System of Michigan lifted its holdings in shares of GAP by 105.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 14,250 shares of the apparel retailer’s stock worth $313,000 after buying an additional 7,320 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of GAP by 188.0% during the second quarter. Retirement Systems of Alabama now owns 305,445 shares of the apparel retailer’s stock worth $6,717,000 after buying an additional 199,398 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of GAP by 60.5% during the second quarter. Canada Pension Plan Investment Board now owns 373,900 shares of the apparel retailer’s stock worth $8,222,000 after buying an additional 141,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of GAP by 2.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,360,593 shares of the apparel retailer’s stock worth $29,920,000 after buying an additional 31,024 shares during the last quarter. Hedge funds and other institutional investors own 54.78% of the company’s stock.

Gap Inc (NYSE GPS) traded up $0.30 during trading on Thursday, reaching $34.26. The company had a trading volume of 4,762,600 shares, compared to its average volume of 5,970,731. The company has a market capitalization of $13,205.59, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.02 and a beta of 0.95. Gap Inc has a fifty-two week low of $21.02 and a fifty-two week high of $34.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 1.73.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors 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 dividend on an annualized basis and a dividend yield of 2.69%. GAP’s payout ratio is presently 42.40%.

In related news, Director William Sydney Fisher sold 666,849 shares of GAP stock in a transaction that occurred 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 legal filing with the SEC, which is accessible through the SEC website. Also, VP Dara Bazzano sold 1,593 shares of GAP stock in a transaction on Monday, November 27th. The shares were sold at an average price of $30.04, for a total value of $47,853.72. Following the completion of the transaction, the vice president now directly owns 2,866 shares of the company’s stock, valued at $86,094.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,212,077 shares of company stock valued at $67,302,126. 27.30% of the stock is owned by corporate insiders.

A number of brokerages recently commented on GPS. Zacks Investment Research upgraded GAP from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, August 25th. Oppenheimer set a $33.00 price target on GAP and gave the company a “buy” rating in a research report on Monday, October 30th. ValuEngine upgraded GAP from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 30th. Royal Bank of Canada set a $26.00 price target on GAP and gave the company a “hold” rating in a research report on Monday, October 30th. Finally, KeyCorp reiterated a “buy” rating and issued a $33.00 price target on shares of GAP in a research report on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. GAP has a consensus rating of “Hold” and a consensus target price of $27.94.

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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.

Institutional Ownership by Quarter for GAP (NYSE:GPS)

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