Empirical Finance LLC Has $2.44 Million Holdings in Gap, Inc. (The) (GPS)

Empirical Finance LLC raised its position in shares of Gap, Inc. (The) (NYSE:GPS) by 16.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,712 shares of the apparel retailer’s stock after purchasing an additional 11,563 shares during the quarter. Gap, Inc. (The) accounts for about 0.8% of Empirical Finance LLC’s investment portfolio, making the stock its 19th biggest holding. Empirical Finance LLC’s holdings in Gap, Inc. (The) were worth $2,443,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GPS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Gap, Inc. (The) by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,354 shares of the apparel retailer’s stock worth $360,000 after acquiring an additional 80 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Gap, Inc. (The) by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the apparel retailer’s stock worth $301,000 after acquiring an additional 200 shares during the period. State Treasurer State of Michigan grew its stake in shares of Gap, Inc. (The) by 0.4% in the second quarter. State Treasurer State of Michigan now owns 72,346 shares of the apparel retailer’s stock worth $1,591,000 after acquiring an additional 300 shares during the period. Amalgamated Bank grew its stake in shares of Gap, Inc. (The) by 2.5% in the first quarter. Amalgamated Bank now owns 15,636 shares of the apparel retailer’s stock worth $380,000 after acquiring an additional 375 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of Gap, Inc. (The) by 2.1% in the second quarter. State of Alaska Department of Revenue now owns 18,320 shares of the apparel retailer’s stock worth $402,000 after acquiring an additional 380 shares during the period. Institutional investors and hedge funds own 56.39% of the company’s stock.

Shares of Gap, Inc. (NYSE:GPS) traded down $0.07 on Friday, reaching $26.38. 3,322,217 shares of the company traded hands, compared to its average volume of 5,596,147. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.77 and a quick ratio of 0.92. The company has a market cap of $10,345.15, a P/E ratio of 12.87, a PEG ratio of 1.60 and a beta of 0.86.

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 the Thomson Reuters’ consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the business earned $0.60 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. sell-side analysts expect that Gap, Inc. will post 2.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th were given a $0.23 dividend. The ex-dividend date was Tuesday, October 3rd. This represents a $0.92 annualized dividend and a dividend yield of 3.49%. Gap, Inc. (The)’s dividend payout ratio is currently 43.81%.

A number of analysts have recently commented on GPS shares. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $27.00 price target (up from $26.00) on shares of Gap, Inc. (The) in a research note on Friday, July 14th. BidaskClub upgraded shares of Gap, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Zacks Investment Research upgraded shares of Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday, August 8th. Royal Bank Of Canada reissued a “hold” rating and issued a $26.00 price objective on shares of Gap, Inc. (The) in a report on Wednesday, August 9th. Finally, BMO Capital Markets set a $23.00 price objective on shares of Gap, Inc. (The) and gave the stock a “hold” rating in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $26.79.

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In related news, CEO Jeff Kirwan sold 1,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $29.38, for a total transaction of $29,380.00. Following the transaction, the chief executive officer now directly owns 25,268 shares in the company, valued at $742,373.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul Joseph Chapman sold 4,898 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total value of $111,772.36. The disclosure for this sale can be found here. Insiders sold 676,682 shares of company stock worth $18,906,180 over the last 90 days. Company insiders own 27.30% of the company’s stock.

Gap, Inc. (The) Profile

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

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