Caisse DE Depot ET Placement DU Quebec lowered its position in shares of Gap Inc (NYSE:GPS) by 21.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,400 shares of the apparel retailer’s stock after selling 20,300 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in GAP were worth $2,466,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. San Francisco Sentry Investment Group CA grew its position in shares of GAP by 543.3% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 3,493 shares of the apparel retailer’s stock valued at $119,000 after buying an additional 2,950 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of GAP in the 4th quarter valued at about $130,000. Acropolis Investment Management LLC grew its position in shares of GAP by 115.4% in the 4th quarter. Acropolis Investment Management LLC now owns 4,185 shares of the apparel retailer’s stock valued at $143,000 after buying an additional 2,242 shares during the last quarter. Mariner Wealth Advisors LLC bought a new stake in shares of GAP in the 4th quarter valued at about $203,000. Finally, Squar Milner Financial Services LLC bought a new stake in shares of GAP in the 4th quarter valued at about $210,000. Institutional investors and hedge funds own 58.72% of the company’s stock.
Gap Inc (NYSE:GPS) opened at $32.67 on Wednesday. Gap Inc has a 52 week low of $21.02 and a 52 week high of $35.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.04 and a current ratio of 1.86. The firm has a market capitalization of $12,700.00, a P/E ratio of 15.20, a P/E/G ratio of 1.58 and a beta of 0.88.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 2nd. Shareholders of record on Wednesday, April 11th will be issued a dividend of $0.2425 per share. This is a positive change from GAP’s previous quarterly dividend of $0.23. This represents a $0.97 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, April 10th. GAP’s payout ratio is currently 42.79%.
A number of research firms have commented on GPS. Oppenheimer upped their price target on GAP from $30.00 to $33.00 in a research report on Friday, March 9th. Nomura boosted their price objective on GAP from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 5th. TheStreet raised GAP from a “c+” rating to a “b” rating in a research note on Thursday, March 1st. MKM Partners set a $35.00 price objective on GAP and gave the company a “hold” rating in a research note on Friday, March 2nd. Finally, B. Riley reissued a “neutral” rating and issued a $35.00 price objective (up from $29.00) on shares of GAP in a research note on Friday, March 2nd. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $31.99.
In other GAP news, EVP Julie Gruber sold 5,462 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $35.00, for a total transaction of $191,170.00. Following the completion of the sale, the executive vice president now directly owns 11,988 shares of the company’s stock, valued at approximately $419,580. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dara Bazzano sold 4,066 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $34.00, for a total value of $138,244.00. The disclosure for this sale can be found here. Insiders have sold a total of 696,033 shares of company stock valued at $23,754,526 over the last three months. Corporate insiders own 27.30% of the company’s stock.
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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.
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