Keybank National Association OH Cuts Stock Position in Gap Inc (NYSE:GPS)

Share on StockTwits

Keybank National Association OH lowered its holdings in Gap Inc (NYSE:GPS) by 21.2% during the 3rd quarter, Holdings Channel reports. The firm owned 11,154 shares of the apparel retailer’s stock after selling 3,008 shares during the period. Keybank National Association OH’s holdings in GAP were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of GPS. BlackRock Inc. boosted its position in GAP by 6.9% in the second quarter. BlackRock Inc. now owns 21,828,899 shares of the apparel retailer’s stock worth $392,265,000 after purchasing an additional 1,415,944 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of GAP by 691.9% in the second quarter. Nuveen Asset Management LLC now owns 1,061,116 shares of the apparel retailer’s stock valued at $19,068,000 after buying an additional 927,119 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of GAP by 43.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,053,569 shares of the apparel retailer’s stock valued at $54,873,000 after buying an additional 923,316 shares during the period. Invesco Ltd. raised its stake in shares of GAP by 14.0% in the second quarter. Invesco Ltd. now owns 7,517,993 shares of the apparel retailer’s stock valued at $135,098,000 after buying an additional 922,167 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in shares of GAP by 178.0% in the second quarter. Teacher Retirement System of Texas now owns 654,188 shares of the apparel retailer’s stock valued at $11,756,000 after buying an additional 418,832 shares during the period. 59.86% of the stock is currently owned by institutional investors and hedge funds.

NYSE:GPS opened at $17.74 on Friday. 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 firm has a market cap of $6.44 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 1.08 and a beta of 0.71. The business’s fifty day moving average is $17.05 and its 200 day moving average is $18.58.

GAP (NYSE:GPS) last released its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $0.63 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the previous year, the company posted $0.76 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities analysts predict that Gap Inc will post 1.73 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 5.47%. GAP’s payout ratio is 37.45%.

Several analysts have issued reports on the company. ValuEngine upgraded GAP from a “sell” rating to a “hold” rating in a research note on Thursday. B. Riley set a $21.00 target price on GAP and gave the company a “hold” rating in a research note on Friday, September 13th. Wells Fargo & Co restated a “market perform” rating and issued a $16.00 target price (down from $20.00) on shares of GAP in a research note on Friday, November 8th. Guggenheim restated a “hold” rating on shares of GAP in a research note on Thursday, September 12th. Finally, Credit Suisse Group lowered GAP from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $20.00 to $14.00 in a research note on Friday, October 18th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.07.

About GAP

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.

Further Reading: What is Depreciation?

Want to see what other hedge funds are holding GPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gap Inc (NYSE:GPS).

Institutional Ownership by Quarter for GAP (NYSE:GPS)

Receive News & Ratings for GAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAP and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Bethereum  Price Down 0.7% Over Last Week
Bethereum Price Down 0.7% Over Last Week
AdHive  Price Reaches $0.0004 on Major Exchanges
AdHive Price Reaches $0.0004 on Major Exchanges
Dragon Option  24 Hour Trading Volume Reaches $19,258.00
Dragon Option 24 Hour Trading Volume Reaches $19,258.00
Reliant Bancorp Inc  Receives $25.00 Consensus Price Target from Analysts
Reliant Bancorp Inc Receives $25.00 Consensus Price Target from Analysts
Clearside Biomedical Inc  Expected to Post Earnings of -$0.06 Per Share
Clearside Biomedical Inc Expected to Post Earnings of -$0.06 Per Share
Fatcoin  Market Capitalization Reaches $2.15 Million
Fatcoin Market Capitalization Reaches $2.15 Million


© 2006-2019 Ticker Report