Dimensional Fund Advisors LP Has $66.07 Million Position in Gap, Inc. (The) (GPS)

Dimensional Fund Advisors LP boosted its position in shares of Gap, Inc. (The) (NYSE:GPS) by 22.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,004,102 shares of the apparel retailer’s stock after purchasing an additional 545,463 shares during the period. Dimensional Fund Advisors LP owned about 0.76% of Gap, Inc. (The) worth $66,067,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Gap, Inc. (The) by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 23,743,881 shares of the apparel retailer’s stock valued at $522,127,000 after purchasing an additional 643,396 shares during the last quarter. BlackRock Inc. lifted its holdings in Gap, Inc. (The) by 1.5% during the 2nd quarter. BlackRock Inc. now owns 23,076,989 shares of the apparel retailer’s stock valued at $507,464,000 after purchasing an additional 338,876 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Gap, Inc. (The) by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,680,123 shares of the apparel retailer’s stock valued at $212,867,000 after purchasing an additional 57,609 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Gap, Inc. (The) by 0.3% during the 2nd quarter. Franklin Resources Inc. now owns 5,617,494 shares of the apparel retailer’s stock valued at $123,529,000 after purchasing an additional 15,504 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Gap, Inc. (The) by 202.2% during the 2nd quarter. Prudential Financial Inc. now owns 3,801,842 shares of the apparel retailer’s stock valued at $83,603,000 after purchasing an additional 2,543,850 shares during the last quarter. 56.22% of the stock is owned by hedge funds and other institutional investors.

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Shares of Gap, Inc. (NYSE:GPS) opened at 27.21 on Friday. The stock’s 50 day moving average is $27.18 and its 200 day moving average is $24.48. The firm has a market cap of $10.67 billion, a PE ratio of 12.96 and a beta of 0.88. Gap, Inc. has a 12 month low of $21.02 and a 12 month high of $30.74.

Gap, Inc. (The) (NYSE:GPS) last issued its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS. Analysts forecast that Gap, Inc. will post $2.07 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 3.38%. Gap, Inc. (The)’s dividend payout ratio (DPR) is presently 43.81%.

In related news, CEO Jeff Kirwan sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $29.38, for a total value of $29,380.00. Following the completion of the transaction, the chief executive officer now owns 25,268 shares in the company, valued at approximately $742,373.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sonia Syngal sold 1,935 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $25.79, for a total transaction of $49,903.65. Following the completion of the transaction, the chief executive officer now owns 39,656 shares of the company’s stock, valued at approximately $1,022,728.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 676,682 shares of company stock valued at $18,903,910. 27.30% of the stock is owned by company insiders.

GPS has been the subject of several analyst reports. J P Morgan Chase & Co reissued a “neutral” rating and set a $27.00 price target (up from $26.00) on shares of Gap, Inc. (The) in a report on Friday, July 14th. Royal Bank Of Canada restated a “hold” rating and issued a $26.00 price objective on shares of Gap, Inc. (The) in a research report on Monday, September 18th. ValuEngine upgraded shares of Gap, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research upgraded shares of Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Monday, September 11th. Finally, Citigroup Inc. upgraded shares of Gap, Inc. (The) from a “sell” rating to a “neutral” rating and raised their price objective for the company from $22.00 to $24.00 in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $26.79.

About Gap, Inc. (The)

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.

Institutional Ownership by Quarter for Gap, Inc. (The) (NYSE:GPS)

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