NuWave Investment Management LLC purchased a new stake in Gap Inc (NYSE:GPS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,160 shares of the apparel retailer’s stock, valued at approximately $244,000.
A number of other institutional investors and hedge funds have also bought and sold shares of GPS. Macquarie Group Ltd. grew its holdings in GAP by 124.7% in the 2nd quarter. Macquarie Group Ltd. now owns 38,376 shares of the apparel retailer’s stock valued at $844,000 after buying an additional 21,300 shares during the period. Janus Henderson Group PLC grew its holdings in GAP by 339.7% in the 2nd quarter. Janus Henderson Group PLC now owns 141,919 shares of the apparel retailer’s stock valued at $3,121,000 after buying an additional 109,643 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in GAP in the 2nd quarter valued at about $346,000. Verition Fund Management LLC grew its holdings in GAP by 21.9% in the 2nd quarter. Verition Fund Management LLC now owns 23,570 shares of the apparel retailer’s stock valued at $518,000 after buying an additional 4,228 shares during the period. Finally, Bridges Investment Management Inc. purchased a new stake in GAP in the 3rd quarter valued at about $236,000. Institutional investors own 55.03% of the company’s stock.
GPS has been the subject of several recent analyst reports. Robert W. Baird set a $28.00 price target on GAP and gave the company a “hold” rating in a report on Friday, November 17th. Oppenheimer restated a “market perform” rating and issued a $33.00 price target on shares of GAP in a report on Thursday, December 14th. Zacks Investment Research upgraded GAP from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Thursday, January 18th. Barclays lifted their price objective on GAP from $34.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Finally, B. Riley set a $25.00 price objective on GAP and gave the company a “hold” rating in a research note on Friday, November 17th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.94.
Gap Inc (GPS) opened at $32.43 on Wednesday. The company has a market capitalization of $12,217.89, a P/E ratio of 14.94, a P/E/G ratio of 1.71 and a beta of 0.86. 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 Inc has a 52-week low of $21.02 and a 52-week high of $35.68.
GAP (NYSE:GPS) last released its quarterly earnings results 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 firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. GAP had a return on equity of 27.47% and a net margin of 5.57%. GAP’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. analysts predict that Gap Inc will post 2.1 earnings per share for the current fiscal year.
In related news, EVP Brent Hyder sold 5,839 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $33.04, for a total transaction of $192,920.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Katherine Tsang sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $29.48, for a total value of $589,600.00. Following the transaction, the director now directly owns 783 shares in the company, valued at $23,082.84. The disclosure for this sale can be found here. Insiders have sold a total of 1,554,529 shares of company stock worth $48,965,623 over the last three months. 27.30% of the stock is currently owned by corporate insiders.
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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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