FrontFour Capital Group LLC purchased a new stake in Gap Inc (NYSE:GPS) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 44,296 shares of the apparel retailer’s stock, valued at approximately $1,308,000.

Several other large investors have also made changes to their positions in GPS. Prudential Financial Inc. lifted its holdings in shares of GAP by 202.2% in the 2nd quarter. Prudential Financial Inc. now owns 3,801,842 shares of the apparel retailer’s stock valued at $83,603,000 after acquiring an additional 2,543,850 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of GAP by 305.0% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,624,032 shares of the apparel retailer’s stock valued at $77,488,000 after acquiring an additional 1,976,200 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of GAP by 10.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,710,283 shares of the apparel retailer’s stock valued at $316,275,000 after acquiring an additional 1,030,160 shares during the last quarter. APG Asset Management N.V. lifted its holdings in shares of GAP by 27.7% in the 3rd quarter. APG Asset Management N.V. now owns 4,652,508 shares of the apparel retailer’s stock valued at $137,389,000 after acquiring an additional 1,009,400 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of GAP by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 23,743,881 shares of the apparel retailer’s stock valued at $522,127,000 after acquiring an additional 643,396 shares during the last quarter. 54.78% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the stock. KeyCorp reaffirmed a “buy” rating and issued a $33.00 price target on shares of GAP in a report on Tuesday, September 26th. Oppenheimer set a $28.00 price target on shares of GAP and gave the company a “buy” rating in a report on Thursday, August 17th. Robert W. Baird set a $26.00 price target on shares of GAP and gave the company a “hold” rating in a report on Sunday, October 1st. FBR & Co set a $25.00 price target on shares of GAP and gave the company a “hold” rating in a report on Tuesday, August 15th. Finally, Deutsche Bank increased their price target on shares of GAP from $23.00 to $24.00 and gave the company a “hold” rating in a report on Friday, August 18th. Four investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $27.94.

In other GAP news, CEO Jeff Kirwan sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $29.38, for a total value of $29,380.00. Following the completion of the sale, the chief executive officer now directly owns 25,268 shares in the company, valued at $742,373.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William Sydney Fisher sold 666,849 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $27.99, for a total transaction of $18,665,103.51. Following the completion of the sale, the director now owns 12,237,873 shares of the company’s stock, valued at $342,538,065.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,212,077 shares of company stock worth $67,302,126. 27.30% of the stock is currently owned by corporate insiders.

Gap Inc (NYSE:GPS) opened at $33.96 on Wednesday. The stock has a market cap of $13,065.60, a P/E ratio of 16.55, a P/E/G ratio of 2.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 1.73. Gap Inc has a 1-year low of $21.02 and a 1-year high of $34.30.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Tuesday, January 2nd. GAP’s payout ratio is 42.40%.

TRADEMARK VIOLATION WARNING: This article was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/12/13/frontfour-capital-group-llc-invests-1-31-million-in-gap-inc-gps.html.

GAP 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 (NYSE:GPS)

Receive News & Ratings for GAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAP and related companies with MarketBeat.com's FREE daily email newsletter.