Gap Inc (GPS) Holdings Reduced by Dalton Greiner Hartman Maher & Co.

Dalton Greiner Hartman Maher & Co. decreased its holdings in shares of Gap Inc (NYSE:GPS) by 23.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 357,909 shares of the apparel retailer’s stock after selling 110,217 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in GAP were worth $12,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its position in shares of GAP by 2.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,360,593 shares of the apparel retailer’s stock worth $29,920,000 after acquiring an additional 31,024 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of GAP by 17.7% in the 2nd quarter. Pacer Advisors Inc. now owns 11,275 shares of the apparel retailer’s stock worth $248,000 after acquiring an additional 1,694 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of GAP by 0.5% in the 2nd 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 in the last quarter. Tredje AP fonden raised its position in shares of GAP by 22.1% in the 2nd quarter. Tredje AP fonden now owns 42,730 shares of the apparel retailer’s stock worth $949,000 after acquiring an additional 7,740 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of GAP in the 2nd quarter worth approximately $788,000. 54.63% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the company. Robert W. Baird set a $35.00 target price on GAP and gave the stock a “hold” rating in a research report on Friday, December 22nd. Oppenheimer reissued a “market perform” rating and issued a $33.00 target price on shares of GAP in a research report on Thursday, December 14th. Canaccord Genuity reissued a “buy” rating on shares of GAP in a research report on Thursday, December 14th. ValuEngine raised GAP from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 30th. Finally, Citigroup lowered GAP from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $32.50 to $25.00 in a research report on Thursday, November 30th. Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.37.

In other GAP news, CEO Jeff Kirwan sold 1,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $26.11, for a total transaction of $26,110.00. Following the sale, the chief executive officer now directly owns 24,268 shares in the company, valued at approximately $633,637.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Katherine Tsang sold 20,000 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $29.48, for a total value of $589,600.00. Following the completion of the transaction, the director now owns 783 shares in the company, valued at $23,082.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,549,690 shares of company stock worth $48,798,813. Company insiders own 27.30% of the company’s stock.

Gap Inc (NYSE:GPS) opened at $32.03 on Thursday. Gap Inc has a 52-week low of $21.02 and a 52-week high of $35.24. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 1.73. The firm has a market capitalization of $12,460.00, a P/E ratio of 14.69, a P/E/G ratio of 1.94 and a beta of 0.94.

GAP (NYSE:GPS) last issued its earnings results on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. GAP had a return on equity of 27.47% and a net margin of 5.57%. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the business posted $0.60 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. equities analysts forecast that Gap Inc will post 2.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a yield of 2.87%. GAP’s dividend payout ratio is 42.20%.

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GAP 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 (NYSE:GPS)

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