Janus Henderson Group PLC Acquires 109,643 Shares of Gap, Inc. (The) (NYSE:GPS)

Janus Henderson Group PLC boosted its stake in Gap, Inc. (The) (NYSE:GPS) by 339.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,919 shares of the apparel retailer’s stock after acquiring an additional 109,643 shares during the period. Janus Henderson Group PLC’s holdings in Gap, Inc. (The) were worth $3,121,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GPS. Ffcm LLC boosted its stake in Gap, Inc. (The) by 198.0% in the 2nd quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock worth $121,000 after purchasing an additional 3,519 shares in the last quarter. James Investment Research Inc. purchased a new position in Gap, Inc. (The) in the 2nd quarter worth about $144,000. Paragon Capital Management Ltd purchased a new position in Gap, Inc. (The) in the 2nd quarter worth about $229,000. BB&T Securities LLC purchased a new position in Gap, Inc. (The) in the 2nd quarter worth about $233,000. Finally, Pacer Advisors Inc. raised its position in Gap, Inc. (The) by 17.7% in the 2nd quarter. Pacer Advisors Inc. now owns 11,275 shares of the apparel retailer’s stock worth $248,000 after buying an additional 1,694 shares during the last quarter. Hedge funds and other institutional investors own 56.50% of the company’s stock.

In related news, Director William Sydney Fisher sold 666,849 shares of Gap, Inc. (The) stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $27.99, for a total value of $18,665,103.51. Following the transaction, the director now owns 12,237,873 shares in the company, valued at $342,538,065.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Joseph Chapman sold 4,898 shares of the business’s stock in a transaction dated 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. Over the last three months, insiders have sold 676,682 shares of company stock valued at $18,906,180. Company insiders own 27.30% of the company’s stock.

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Several equities research analysts have recently commented on GPS shares. Robert W. Baird set a $26.00 price target on shares of Gap, Inc. (The) and gave the company a “hold” rating in a research report on Sunday, October 1st. Oppenheimer Holdings, Inc. upped their price target on shares of Gap, Inc. (The) from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded Gap, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. KeyCorp reiterated a “buy” rating and set a $33.00 price objective on shares of Gap, Inc. (The) in a research note on Tuesday, September 26th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $26.00 price objective on shares of Gap, Inc. (The) in a research note on Monday, September 18th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seven have assigned a buy rating to the company. Gap, Inc. (The) has an average rating of “Hold” and an average target price of $26.86.

Shares of Gap, Inc. (NYSE:GPS) traded up $0.88 during trading on Friday, hitting $27.23. The stock had a trading volume of 6,373,100 shares, compared to its average volume of 5,904,453. The company has a current ratio of 1.77, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The firm has a market cap of $10,333.38, a price-to-earnings ratio of 12.85, a PEG ratio of 1.60 and a beta of 0.86. Gap, Inc. has a twelve month low of $21.02 and a twelve month high of $30.74.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Tuesday, January 2nd. Gap, Inc. (The)’s dividend payout ratio (DPR) is 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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