Dimensional Fund Advisors LP Increases Position in Gap Inc (GPS)

Dimensional Fund Advisors LP raised its position in shares of Gap Inc (NYSE:GPS) by 19.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,079,337 shares of the apparel retailer’s stock after buying an additional 332,422 shares during the period. Dimensional Fund Advisors LP’s holdings in Gap were worth $46,663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank boosted its position in Gap by 362.7% in the third quarter. Toronto Dominion Bank now owns 6,691 shares of the apparel retailer’s stock worth $149,000 after buying an additional 5,245 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Gap during the third quarter worth about $161,000. Nordea Investment Management AB boosted its position in Gap by 13.6% in the third quarter. Nordea Investment Management AB now owns 8,611 shares of the apparel retailer’s stock worth $192,000 after buying an additional 1,030 shares in the last quarter. Sentry Investment Management LLC boosted its position in Gap by 133.3% in the third quarter. Sentry Investment Management LLC now owns 8,889 shares of the apparel retailer’s stock worth $198,000 after buying an additional 5,079 shares in the last quarter. Finally, Regentatlantic Capital LLC acquired a new position in Gap during the third quarter worth about $211,000. 57.87% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Gap (NYSE:GPS)

Shares of Gap Inc (NYSE:GPS) opened at 23.46 on Tuesday. The firm has a 50-day moving average price of $23.94 and a 200 day moving average price of $24.63. Gap Inc has a 1-year low of $17.00 and a 1-year high of $30.74. The company has a market cap of $9.36 billion, a PE ratio of 13.88 and a beta of 0.99.

Gap (NYSE:GPS) last released its quarterly earnings data on Thursday, February 23rd. The apparel retailer reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.39 billion. Gap had a net margin of 4.33% and a return on equity of 32.19%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. On average, equities analysts anticipate that Gap Inc will post $1.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 5th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Monday, April 3rd. Gap’s dividend payout ratio is currently 55.09%.

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A number of research analysts recently issued reports on the company. FBR & Co set a $28.00 price target on Gap and gave the company a “hold” rating in a report on Sunday, January 8th. Jefferies Group LLC set a $34.00 price target on Gap and gave the company a “buy” rating in a report on Saturday, February 25th. Guggenheim assumed coverage on Gap in a report on Thursday, March 9th. They issued a “neutral” rating for the company. Wedbush lifted their price target on Gap from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, February 7th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $25.00 price objective on shares of Gap in a research report on Wednesday, December 7th. Four analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.74.

In related news, insider Andi Owen sold 38,278 shares of the business’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $23.97, for a total transaction of $917,523.66. Following the sale, the insider now owns 30,778 shares of the company’s stock, valued at $737,748.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 30.00% of the stock is currently owned by insiders.

About Gap

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.

5 Day Chart for NYSE:GPS

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