Gap Inc (GPS) Position Lowered by Axa

Axa reduced its holdings in shares of Gap Inc (NYSE:GPS) by 78.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 250,300 shares of the apparel retailer’s stock after selling 889,746 shares during the period. Axa owned approximately 0.06% of GAP worth $7,391,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GPS. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of GAP by 286.9% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,620 shares of the apparel retailer’s stock worth $255,000 after acquiring an additional 6,392 shares during the period. Greenlight Capital Inc. acquired a new stake in shares of GAP in the third quarter valued at about $7,751,000. Gyroscope Capital Management Group LLC acquired a new stake in shares of GAP in the third quarter valued at about $5,826,000. Belpointe Asset Management LLC acquired a new stake in shares of GAP in the third quarter valued at about $658,000. Finally, FrontFour Capital Group LLC acquired a new stake in shares of GAP in the third quarter valued at about $1,308,000. 54.58% of the stock is currently owned by institutional investors.

In related news, EVP Julie Gruber sold 7,133 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $34.00, for a total value of $242,522.00. Following the completion of the transaction, the executive vice president now owns 24,583 shares in the company, valued at approximately $835,822. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeff Kirwan sold 1,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $26.11, for a total transaction of $26,110.00. Following the completion of the transaction, the chief executive officer now owns 24,268 shares of the company’s stock, valued at approximately $633,637.48. The disclosure for this sale can be found here. Insiders sold a total of 1,545,228 shares of company stock valued at $48,637,023 in the last quarter. 27.30% of the stock is currently owned by insiders.

Gap Inc (GPS) opened at $34.44 on Friday. The company has a market cap of $13,390.00, a PE ratio of 15.80, a PEG ratio of 2.05 and a beta of 0.95. The company has a current ratio of 1.73, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. Gap Inc has a 12-month low of $21.02 and a 12-month high of $34.70.

GAP (NYSE:GPS) last released its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.76 billion. GAP had a net margin of 5.57% and a return on equity of 27.47%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. research analysts expect that Gap Inc will post 2.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 2.67%. GAP’s dividend payout ratio is currently 42.20%.

Several analysts recently commented on the stock. Telsey Advisory Group raised their price objective on shares of GAP from $27.00 to $31.00 and gave the company a “market perform” rating in a research note on Tuesday, September 19th. Royal Bank of Canada restated a “hold” rating and set a $26.00 target price on shares of GAP in a research report on Monday, September 18th. KeyCorp restated an “overweight” rating on shares of GAP in a research report on Friday, November 17th. Canaccord Genuity restated a “buy” rating on shares of GAP in a research report on Thursday, December 14th. Finally, Zacks Investment Research cut shares of GAP from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Four equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.18.

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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.

Institutional Ownership by Quarter for GAP (NYSE:GPS)

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