AE Wealth Management LLC bought a new stake in Gap, Inc. (The) (NYSE:GPS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,562 shares of the apparel retailer’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GPS. FMR LLC lifted its stake in shares of Gap, Inc. (The) by 91.3% in the 1st quarter. FMR LLC now owns 161,761 shares of the apparel retailer’s stock valued at $3,929,000 after acquiring an additional 77,185 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Gap, Inc. (The) by 2.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 18,320 shares of the apparel retailer’s stock valued at $402,000 after purchasing an additional 380 shares during the period. Mn Services Vermogensbeheer B.V. increased its holdings in Gap, Inc. (The) by 523.3% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 38,677 shares of the apparel retailer’s stock valued at $851,000 after purchasing an additional 32,472 shares during the period. James Investment Research Inc. purchased a new position in Gap, Inc. (The) during the 2nd quarter valued at about $144,000. Finally, Louisiana State Employees Retirement System increased its holdings in Gap, Inc. (The) by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the apparel retailer’s stock valued at $301,000 after purchasing an additional 200 shares during the period. 57.67% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “AE Wealth Management LLC Invests $223,000 in Gap, Inc. (The) (GPS)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.thecerbatgem.com/2017/11/22/ae-wealth-management-llc-invests-223000-in-gap-inc-the-gps.html.

Shares of Gap, Inc. (NYSE:GPS) traded down $0.22 during midday trading on Wednesday, reaching $29.71. 5,364,100 shares of the company’s stock traded hands, compared to its average volume of 5,982,932. The company has a current ratio of 1.73, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $11,737.31, a P/E ratio of 14.74, a P/E/G ratio of 1.78 and a beta of 0.86. Gap, Inc. has a twelve month low of $21.02 and a twelve month high of $30.14.

Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.76 billion. Gap, Inc. (The) had a net margin of 5.57% and a return on equity of 27.47%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. research analysts predict that Gap, Inc. will post 2.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Tuesday, January 2nd. Gap, Inc. (The)’s payout ratio is currently 42.40%.

In other news, CEO Sonia Syngal sold 1,935 shares of Gap, Inc. (The) stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $25.79, for a total transaction of $49,903.65. Following the completion of the sale, the chief executive officer now owns 39,656 shares of the company’s stock, valued at $1,022,728.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeff Kirwan sold 1,000 shares of Gap, Inc. (The) stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $29.38, for a total transaction of $29,380.00. Following the sale, the chief executive officer now directly owns 25,268 shares of the company’s stock, valued at approximately $742,373.84. The disclosure for this sale can be found here. In the last three months, insiders sold 672,426 shares of company stock valued at $18,813,667. 27.30% of the stock is owned by insiders.

GPS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, August 8th. Royal Bank Of Canada restated a “hold” rating and set a $26.00 price target on shares of Gap, Inc. (The) in a report on Wednesday, August 9th. BMO Capital Markets set a $23.00 price target on Gap, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, August 8th. FBR & Co set a $25.00 price target on Gap, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, August 15th. Finally, Jefferies Group LLC set a $35.00 price target on Gap, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, twenty-four have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $27.74.

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.

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

Receive News & Stock Ratings for Gap Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gap Inc. (The) and related stocks with our FREE daily email newsletter.