Swiss National Bank increased its position in shares of Gap, Inc. (The) (NYSE:GPS) by 0.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 874,931 shares of the apparel retailer’s stock after buying an additional 3,000 shares during the period. Swiss National Bank owned 223,105.62% of Gap, Inc. (The) worth $25,837,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Gap, Inc. (The) by 2.8% during the second quarter. Vanguard Group Inc. now owns 23,743,881 shares of the apparel retailer’s stock worth $522,127,000 after buying an additional 643,396 shares during the last quarter. BlackRock Inc. grew its holdings in Gap, Inc. (The) by 1.5% in the second quarter. BlackRock Inc. now owns 23,076,989 shares of the apparel retailer’s stock worth $507,464,000 after purchasing an additional 338,876 shares during the period. Bank of New York Mellon Corp grew its holdings in Gap, Inc. (The) by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 9,680,123 shares of the apparel retailer’s stock worth $212,867,000 after purchasing an additional 57,609 shares during the period. Franklin Resources Inc. grew its holdings in Gap, Inc. (The) by 0.3% in the second quarter. Franklin Resources Inc. now owns 5,617,494 shares of the apparel retailer’s stock worth $123,529,000 after purchasing an additional 15,504 shares during the period. Finally, APG Asset Management N.V. grew its holdings in Gap, Inc. (The) by 27.7% in the third quarter. APG Asset Management N.V. now owns 4,652,508 shares of the apparel retailer’s stock worth $137,389,000 after purchasing an additional 1,009,400 shares during the period. 56.78% of the stock is owned by institutional investors and hedge funds.

Shares of Gap, Inc. (GPS) opened at $29.40 on Friday. Gap, Inc. has a 12-month low of $21.02 and a 12-month high of $30.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.77 and a quick ratio of 0.92. The stock has a market cap of $10,880.00, a P/E ratio of 13.04, a PEG ratio of 1.62 and a beta of 0.86.

Gap, Inc. (The) (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, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. sell-side analysts expect that Gap, Inc. will post 2.06 EPS for the current year.

The company also recently announced 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. This represents a $0.92 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Tuesday, January 2nd. Gap, Inc. (The)’s dividend payout ratio (DPR) is presently 43.81%.

In related news, CEO Jeff Kirwan sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $26.11, for a total transaction of $26,110.00. Following the sale, the chief executive officer now owns 24,268 shares of the company’s stock, valued at approximately $633,637.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Joseph Chapman sold 4,898 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was 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. Insiders have sold a total of 676,682 shares of company stock worth $18,906,180 in the last ninety days. 27.30% of the stock is currently owned by insiders.

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A number of equities research analysts have commented on the stock. KeyCorp set a $35.00 price target on shares of Gap, Inc. (The) and gave the stock a “buy” rating in a report on Thursday. SunTrust Banks, Inc. set a $27.00 price target on shares of Gap, Inc. (The) and gave the stock a “hold” rating in a report on Thursday. Buckingham Research raised their price target on shares of Gap, Inc. (The) from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday. Nomura raised their price target on shares of Gap, Inc. (The) from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Barclays PLC raised their price target on shares of Gap, Inc. (The) from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $27.51.

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.

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

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