Commerzbank Aktiengesellschaft FI grew its stake in shares of Gap Inc (NYSE:GPS) by 40.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,444 shares of the apparel retailer’s stock after buying an additional 57,646 shares during the period. Commerzbank Aktiengesellschaft FI owned approximately 0.05% of GAP worth $3,462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Advisor Partners LLC acquired a new position in shares of GAP during the 3rd quarter worth approximately $222,000. Signaturefd LLC increased its position in shares of GAP by 52.5% during the 3rd quarter. Signaturefd LLC now owns 6,104 shares of the apparel retailer’s stock worth $106,000 after purchasing an additional 2,101 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of GAP during the 3rd quarter worth approximately $432,000. DNB Asset Management AS increased its position in shares of GAP by 9.3% during the 3rd quarter. DNB Asset Management AS now owns 23,399 shares of the apparel retailer’s stock worth $406,000 after purchasing an additional 1,987 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of GAP during the 3rd quarter worth approximately $222,000. Hedge funds and other institutional investors own 60.02% of the company’s stock.

GAP stock opened at $16.88 on Monday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.72 and a current ratio of 1.46. Gap Inc has a 52 week low of $15.11 and a 52 week high of $31.39. The stock has a market capitalization of $6.60 billion, a P/E ratio of 6.52, a price-to-earnings-growth ratio of 0.95 and a beta of 0.70. The stock has a fifty day moving average of $17.11 and a 200-day moving average of $19.76.

GAP (NYSE:GPS) last posted its quarterly earnings results on Thursday, August 22nd. The apparel retailer reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. GAP had a return on equity of 24.53% and a net margin of 5.71%. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. GAP’s revenue was down 2.0% on a year-over-year basis. On average, research analysts forecast that Gap Inc will post 2.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.243 per share. The ex-dividend date is Tuesday, October 8th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 5.76%. This is a boost from GAP’s previous quarterly dividend of $0.24. GAP’s payout ratio is 37.45%.

GPS has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their target price on GAP from $20.00 to $19.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 25th. Wedbush reissued a “neutral” rating on shares of GAP in a report on Monday, August 19th. Telsey Advisory Group boosted their target price on GAP from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Morgan Stanley set a $15.00 target price on GAP and gave the stock a “sell” rating in a report on Friday, September 13th. Finally, Credit Suisse Group lowered GAP from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $20.00 to $14.00 in a report on Friday. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.15.

GAP Company Profile

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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Institutional Ownership by Quarter for GAP (NYSE:GPS)

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