Quantbot Technologies LP Invests $1.85 Million in The Gap, Inc. $GAP

Quantbot Technologies LP acquired a new stake in shares of The Gap, Inc. (NYSE:GAP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 86,254 shares of the company’s stock, valued at approximately $1,845,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new stake in GAP in the 3rd quarter worth approximately $27,000. Cornerstone Planning Group LLC bought a new position in shares of GAP during the 3rd quarter valued at $35,000. EverSource Wealth Advisors LLC boosted its stake in shares of GAP by 177.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock worth $153,000 after buying an additional 4,483 shares during the last quarter. Covestor Ltd grew its holdings in shares of GAP by 1,228.1% in the third quarter. Covestor Ltd now owns 7,597 shares of the company’s stock worth $163,000 after acquiring an additional 7,025 shares during the period. Finally, Rothschild Investment LLC increased its position in GAP by 1,723.0% during the third quarter. Rothschild Investment LLC now owns 9,352 shares of the company’s stock valued at $200,000 after acquiring an additional 8,839 shares during the last quarter. Hedge funds and other institutional investors own 58.81% of the company’s stock.

GAP Trading Up 2.1%

GAP stock opened at $27.81 on Thursday. The Gap, Inc. has a 12-month low of $16.99 and a 12-month high of $29.36. The firm has a market capitalization of $10.34 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 2.80 and a beta of 2.29. The firm has a 50 day moving average of $27.31 and a 200 day moving average of $24.89. The company has a current ratio of 1.72, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41.

GAP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 8th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from GAP’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, April 8th. GAP’s dividend payout ratio is currently 29.46%.

Insider Activity

In other news, major shareholder John J. Fisher sold 3,971 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $27.04, for a total value of $107,375.84. Following the transaction, the insider directly owned 746,781 shares in the company, valued at $20,192,958.24. The trade was a 0.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Julie Gruber sold 30,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $28.00, for a total value of $840,000.00. Following the completion of the transaction, the insider directly owned 37,395 shares of the company’s stock, valued at approximately $1,047,060. This trade represents a 44.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 133,971 shares of company stock worth $3,629,264 in the last three months. Company insiders own 30.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GAP. Morgan Stanley raised their target price on GAP from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Robert W. Baird set a $33.00 price objective on shares of GAP and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Guggenheim assumed coverage on shares of GAP in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. UBS Group raised shares of GAP from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $41.00 in a report on Wednesday, January 7th. Finally, Jefferies Financial Group upgraded shares of GAP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $22.00 to $30.00 in a research note on Friday, November 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, GAP presently has an average rating of “Moderate Buy” and an average price target of $30.54.

About GAP

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.