Bridgewater Associates LP grew its stake in shares of Gap, Inc. (The) (NYSE:GPS) by 98.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 551,572 shares of the apparel retailer’s stock after buying an additional 273,572 shares during the quarter. Bridgewater Associates LP owned about 0.14% of Gap, Inc. (The) worth $12,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in GPS. BlackRock Inc. raised its position in shares of Gap, Inc. (The) by 4,968.6% during the 1st quarter. BlackRock Inc. now owns 22,738,113 shares of the apparel retailer’s stock worth $552,308,000 after buying an additional 22,289,507 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Gap, Inc. (The) by 202.2% during the 2nd quarter. Prudential Financial Inc. now owns 3,801,842 shares of the apparel retailer’s stock worth $83,603,000 after buying an additional 2,543,850 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Gap, Inc. (The) by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 23,100,485 shares of the apparel retailer’s stock worth $561,111,000 after buying an additional 1,876,653 shares in the last quarter. NN Investment Partners Holdings N.V. raised its position in shares of Gap, Inc. (The) by 36.6% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 2,605,366 shares of the apparel retailer’s stock worth $57,291,000 after buying an additional 697,881 shares in the last quarter. Finally, WINTON GROUP Ltd raised its position in shares of Gap, Inc. (The) by 78.7% during the 1st quarter. WINTON GROUP Ltd now owns 1,150,829 shares of the apparel retailer’s stock worth $25,594,000 after buying an additional 506,686 shares in the last quarter. Institutional investors own 56.21% of the company’s stock.

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GPS has been the topic of a number of recent analyst reports. CIBC upgraded shares of Gap, Inc. (The) from a “market perform” rating to an “outperform” rating in a research report on Monday, June 5th. Oppenheimer Holdings, Inc. set a $28.00 target price on shares of Gap, Inc. (The) and gave the stock a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded shares of Gap, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. ValuEngine downgraded shares of Gap, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC set a $35.00 target price on shares of Gap, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday, August 16th. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $26.01.

Gap, Inc. (NYSE:GPS) traded up 2.32% during mid-day trading on Wednesday, reaching $28.25. 4,697,742 shares of the company’s stock traded hands. The stock has a market cap of $11.08 billion, a P/E ratio of 13.46 and a beta of 0.82. Gap, Inc. has a 1-year low of $21.02 and a 1-year high of $30.74. The firm has a 50-day moving average price of $23.74 and a 200-day moving average price of $23.73.

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 consensus estimate of $0.52 by $0.06. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. Equities research analysts anticipate that Gap, Inc. will post $2.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.92 annualized dividend and a dividend yield of 3.33%. Gap, Inc. (The)’s dividend payout ratio is currently 43.81%.

In other news, EVP Paul Joseph Chapman sold 4,898 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were 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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sonia Syngal sold 1,935 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $25.79, for a total transaction of $49,903.65. Following the transaction, the chief executive officer now directly owns 39,656 shares of the company’s stock, valued at $1,022,728.24. The disclosure for this sale can be found here. Insiders have sold a total of 9,833 shares of company stock valued at $231,606 over the last ninety days. Company insiders own 27.30% of the company’s stock.

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.

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Institutional Ownership by Quarter for Gap, Inc. (The) (NYSE:GPS)

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