GAM Holding AG increased its stake in shares of Gap, Inc. (The) (NYSE:GPS) by 171.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 255,320 shares of the apparel retailer’s stock after buying an additional 161,276 shares during the period. GAM Holding AG owned approximately 0.06% of Gap, Inc. (The) worth $5,614,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of Gap, Inc. (The) by 4,968.6% in the first quarter. BlackRock Inc. now owns 22,738,113 shares of the apparel retailer’s stock valued at $552,308,000 after buying an additional 22,289,507 shares during the period. Vanguard Group Inc. boosted its position in shares of Gap, Inc. (The) by 8.8% in the first quarter. Vanguard Group Inc. now owns 23,100,485 shares of the apparel retailer’s stock valued at $561,111,000 after buying an additional 1,876,653 shares during the period. Prudential Financial Inc. boosted its position in shares of Gap, Inc. (The) by 161.2% in the first quarter. Prudential Financial Inc. now owns 1,257,992 shares of the apparel retailer’s stock valued at $30,556,000 after buying an additional 776,400 shares during the period. NN Investment Partners Holdings N.V. boosted its position in shares of Gap, Inc. (The) by 36.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,605,366 shares of the apparel retailer’s stock valued at $57,291,000 after buying an additional 697,881 shares during the period. Finally, WINTON GROUP Ltd boosted its position in shares of Gap, Inc. (The) by 78.7% in the first quarter. WINTON GROUP Ltd now owns 1,150,829 shares of the apparel retailer’s stock valued at $25,594,000 after buying an additional 506,686 shares during the period. Institutional investors and hedge funds own 57.30% of the company’s stock.

Gap, Inc. (GPS) opened at 23.31 on Friday. The stock’s 50 day moving average price is $23.16 and its 200 day moving average price is $23.69. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 11.11 and a beta of 0.87. Gap, Inc. has a 52 week low of $21.02 and a 52 week high of $30.74.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th 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 3.95%. The ex-dividend date of this dividend is Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio is presently 43.81%.

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Several equities analysts have recently weighed in on GPS shares. Jefferies Group LLC set a $34.00 price objective on shares of Gap, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, May 4th. Morgan Stanley reiterated an “underperform” rating and issued a $20.00 price objective on shares of Gap, Inc. (The) in a research note on Monday, May 22nd. Zacks Investment Research cut shares of Gap, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. CIBC upgraded shares of Gap, Inc. (The) from a “market perform” rating to an “outperform” rating in a research note on Monday, June 5th. Finally, TheStreet cut shares of Gap, Inc. (The) from a “b-” rating to a “c” rating in a research note on Thursday, May 18th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $25.63.

In other Gap, Inc. (The) news, 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 transaction of $111,772.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 7,898 shares of company stock worth $180,332. 27.30% of the stock is currently owned by insiders.

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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