Meeder Asset Management Inc. raised its stake in Gap Inc (NYSE:GPS) by 53.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,264 shares of the apparel retailer’s stock after acquiring an additional 20,572 shares during the quarter. Meeder Asset Management Inc.’s holdings in GAP were worth $2,018,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cerebellum GP LLC bought a new position in GAP in the 4th quarter valued at approximately $130,000. Acropolis Investment Management LLC raised its holdings in GAP by 115.4% in the 4th quarter. Acropolis Investment Management LLC now owns 4,185 shares of the apparel retailer’s stock valued at $143,000 after buying an additional 2,242 shares during the last quarter. Howe & Rusling Inc. bought a new position in GAP in the 3rd quarter valued at approximately $190,000. AE Wealth Management LLC bought a new position in GAP in the 3rd quarter valued at approximately $223,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in GAP in the 3rd quarter valued at approximately $229,000. Institutional investors and hedge funds own 55.03% of the company’s stock.
In related news, Director Katherine Tsang sold 20,000 shares of GAP stock in a transaction on Friday, November 24th. The shares were sold at an average price of $29.48, for a total value of $589,600.00. Following the completion of the sale, the director now owns 783 shares of the company’s stock, valued at approximately $23,082.84. 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 transaction of $47,853.72. Following the completion of the sale, the vice president now directly owns 2,866 shares of the company’s stock, valued at approximately $86,094.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,554,529 shares of company stock valued at $48,965,623. Insiders own 27.30% of the company’s stock.
Shares of Gap Inc (NYSE GPS) traded up $0.59 during mid-day trading on Wednesday, hitting $33.02. 1,879,996 shares of the stock traded hands, compared to its average volume of 4,543,255. The firm has a market cap of $12,217.89, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 1.71 and a beta of 0.86. Gap Inc has a one year low of $21.02 and a one year high of $35.68. The company has a current ratio of 1.73, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41.
GAP (NYSE:GPS) last announced its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.76 billion. GAP had a net margin of 5.57% and a return on equity of 27.47%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. equities analysts expect that Gap Inc will post 2.1 EPS for the current year.
A number of research analysts recently issued reports on the stock. Oppenheimer set a $33.00 price objective on shares of GAP and gave the company a “buy” rating in a report on Monday, October 30th. Canaccord Genuity restated a “buy” rating on shares of GAP in a report on Thursday, December 14th. ValuEngine upgraded shares of GAP from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 30th. Zacks Investment Research lowered shares of GAP from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Finally, Royal Bank of Canada set a $26.00 price target on shares of GAP and gave the stock a “hold” rating in a report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.94.
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GAP 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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