Hefty Wealth Partners raised its position in shares of Gap, Inc. (The) (NYSE:GPS) by 3,522.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,447 shares of the apparel retailer’s stock after buying an additional 25,717 shares during the period. Hefty Wealth Partners’ holdings in Gap, Inc. (The) were worth $581,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Gap, Inc. (The) by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,576 shares of the apparel retailer’s stock worth $282,000 after buying an additional 59 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Gap, Inc. (The) by 19.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,079,337 shares of the apparel retailer’s stock worth $46,663,000 after buying an additional 332,422 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Gap, Inc. (The) by 176.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 38,793 shares of the apparel retailer’s stock worth $870,000 after buying an additional 24,760 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Gap, Inc. (The) during the fourth quarter worth approximately $269,000. Finally, Janus Capital Management LLC boosted its stake in shares of Gap, Inc. (The) by 347.3% in the fourth quarter. Janus Capital Management LLC now owns 178,986 shares of the apparel retailer’s stock worth $4,017,000 after buying an additional 138,969 shares during the period. 56.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Gap, Inc. (NYSE GPS) traded up 2.19% during trading on Friday, hitting $23.28. The stock had a trading volume of 10,244,777 shares. Gap, Inc. has a 12-month low of $21.02 and a 12-month high of $30.74. The firm has a market cap of $9.21 billion, a P/E ratio of 13.46 and a beta of 0.86. The firm has a 50 day moving average price of $22.83 and a 200 day moving average price of $23.85. Gap, Inc. (The) also was the recipient of some unusual options trading on Thursday. Traders bought 22,770 call options on the company. This represents an increase of 607% compared to the typical daily volume of 3,222 call options.

Gap, Inc. (The) (NYSE:GPS) last posted its earnings results on Thursday, May 18th. The apparel retailer reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.07. Gap, Inc. (The) had a return on equity of 29.75% and a net margin of 4.46%. The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the firm earned $0.32 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts expect that Gap, Inc. will post $2.00 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 5th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Friday, June 30th. Gap, Inc. (The)’s dividend payout ratio (DPR) is presently 53.18%.

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GPS has been the topic of a number of recent research reports. Jefferies Group LLC reissued a “buy” rating and set a $34.00 price objective on shares of Gap, Inc. (The) in a report on Tuesday, March 28th. Royal Bank Of Canada reissued a “hold” rating and set a $26.00 price objective on shares of Gap, Inc. (The) in a report on Tuesday, April 18th. BMO Capital Markets reissued a “hold” rating and set a $30.00 price objective on shares of Gap, Inc. (The) in a report on Tuesday, April 18th. J P Morgan Chase & Co raised Gap, Inc. (The) from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $21.00 to $24.00 in a report on Thursday, April 20th. Finally, Vetr cut Gap, Inc. (The) from a “buy” rating to a “hold” rating and set a $24.84 price objective on the stock. in a report on Thursday, April 20th. Five equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.78.

In related news, CEO Jeff Kirwan sold 5,000 shares of Gap, Inc. (The) stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $24.88, for a total value of $124,400.00. Following the sale, the chief executive officer now directly owns 29,548 shares in the company, valued at approximately $735,154.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders sold 7,000 shares of company stock worth $169,120. 27.30% of the stock is currently owned by insiders.

About Gap, Inc. (The)

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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