Redwood Investment Management LLC Purchases Shares of 63,460 The Gap, Inc. $GAP

Redwood Investment Management LLC acquired a new position in shares of The Gap, Inc. (NYSE:GAP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 63,460 shares of the company’s stock, valued at approximately $1,185,000.

Other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in GAP by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 71,867 shares of the company’s stock worth $1,537,000 after acquiring an additional 447 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of GAP in the 4th quarter valued at about $26,000. Plato Investment Management Ltd acquired a new stake in shares of GAP in the 4th quarter valued at about $28,000. Global Retirement Partners LLC acquired a new stake in shares of GAP in the 2nd quarter valued at about $29,000. Finally, California State Teachers Retirement System grew its stake in GAP by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 226,506 shares of the company’s stock worth $4,940,000 after buying an additional 1,703 shares during the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.

Wall Street Analysts Forecast Growth

GAP has been the subject of a number of research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 price objective on shares of GAP in a research note on Monday, July 6th. Jefferies Financial Group cut shares of GAP from a “buy” rating to a “hold” rating and cut their target price for the company from $29.00 to $23.00 in a report on Wednesday, August 12th. BTIG Research set a $26.00 price target on shares of GAP in a research report on Thursday, July 30th. Wells Fargo & Company reiterated an “equal weight” rating and set a $22.00 price target (down from $26.00) on shares of GAP in a research note on Friday, August 7th. Finally, Weiss Ratings downgraded shares of GAP from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.29.

GAP Stock Performance

NYSE:GAP opened at $21.09 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $7.59 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 1.19 and a beta of 2.05. The firm has a 50-day moving average price of $20.02 and a two-hundred day moving average price of $22.93. The Gap, Inc. has a twelve month low of $18.11 and a twelve month high of $29.36.

GAP (NYSE:GAP) last announced its earnings results on Thursday, May 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). GAP had a net margin of 6.25% and a return on equity of 21.13%. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same period in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, research analysts expect that The Gap, Inc. will post 2.33 earnings per share for the current fiscal year.

GAP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be given a $0.175 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $0.70 annualized dividend and a dividend yield of 3.3%. GAP’s dividend payout ratio (DPR) is currently 27.56%.

About GAP

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.