Gap Inc (GPS) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP grew its holdings in shares of Gap Inc (NYSE:GPS) by 31.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,975,433 shares of the apparel retailer’s stock after acquiring an additional 960,583 shares during the period. Dimensional Fund Advisors LP’s holdings in GAP were worth $102,406,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Teachers Advisors LLC grew its holdings in shares of GAP by 19.0% during the third quarter. Teachers Advisors LLC now owns 1,446,209 shares of the apparel retailer’s stock valued at $41,723,000 after buying an additional 230,741 shares during the last quarter. Morgan Stanley grew its holdings in shares of GAP by 64.8% during the third quarter. Morgan Stanley now owns 720,112 shares of the apparel retailer’s stock valued at $20,774,000 after buying an additional 283,224 shares during the last quarter. Federated Investors Inc. PA grew its holdings in shares of GAP by 33.8% during the third quarter. Federated Investors Inc. PA now owns 112,938 shares of the apparel retailer’s stock valued at $3,258,000 after buying an additional 28,505 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of GAP by 5.4% during the third quarter. Vanguard Group Inc now owns 27,822,458 shares of the apparel retailer’s stock valued at $802,678,000 after buying an additional 1,433,737 shares during the last quarter. Finally, Gateway Investment Advisers LLC grew its holdings in shares of GAP by 0.4% during the fourth quarter. Gateway Investment Advisers LLC now owns 270,971 shares of the apparel retailer’s stock valued at $6,980,000 after buying an additional 1,140 shares during the last quarter. Institutional investors own 57.79% of the company’s stock.
Shares of GPS stock opened at $22.39 on Thursday. Gap Inc has a 12-month low of $21.75 and a 12-month high of $34.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.96. The company has a market capitalization of $8.61 billion, a P/E ratio of 8.64, a P/E/G ratio of 1.02 and a beta of 0.53.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were issued a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 4.33%. The ex-dividend date was Tuesday, April 9th. GAP’s dividend payout ratio is currently 37.45%.
In other GAP news, CEO Sonia Syngal sold 11,764 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $26.51, for a total value of $311,863.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Julie Gruber sold 3,286 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $24.00, for a total transaction of $78,864.00. The disclosure for this sale can be found here. Company insiders own 37.60% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Guggenheim reiterated a “hold” rating on shares of GAP in a report on Sunday, April 21st. Zacks Investment Research upgraded shares of GAP from a “sell” rating to a “hold” rating in a report on Monday. ValuEngine cut shares of GAP from a “sell” rating to a “strong sell” rating in a report on Monday. Credit Suisse Group cut their price target on shares of GAP from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, February 26th. Finally, Deutsche Bank increased their price target on shares of GAP from $30.00 to $34.00 and gave the company a “hold” rating in a report on Friday, March 1st. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $29.33.
The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Hill City brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.
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