Spectrum Management Group Inc. Invests $1.18 Million in Gap Inc (GPS) Stock

Spectrum Management Group Inc. purchased a new position in Gap Inc (NYSE:GPS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,730 shares of the apparel retailer’s stock, valued at approximately $1,183,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GPS. Cerebellum GP LLC purchased a new stake in GAP in the fourth quarter worth $130,000. Acropolis Investment Management LLC increased its stake in GAP by 115.4% in the fourth quarter. Acropolis Investment Management LLC now owns 4,185 shares of the apparel retailer’s stock worth $143,000 after purchasing an additional 2,242 shares during the period. Howe & Rusling Inc. purchased a new stake in GAP in the third quarter worth $190,000. AE Wealth Management LLC purchased a new stake in GAP in the third quarter worth $223,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in GAP in the third quarter worth $229,000. Institutional investors own 54.99% of the company’s stock.

In related news, VP Dara Bazzano sold 1,593 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $30.04, for a total transaction of $47,853.72. Following the sale, the vice president now owns 2,866 shares of the company’s stock, valued at $86,094.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Katherine Tsang sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $29.48, for a total value of $589,600.00. Following the sale, the director now directly owns 783 shares in the company, valued at approximately $23,082.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,554,529 shares of company stock worth $48,965,623. Insiders own 27.30% of the company’s stock.

A number of analysts have weighed in on the company. Oppenheimer set a $33.00 target price on GAP and gave the stock a “buy” rating in a research note on Monday, October 30th. Canaccord Genuity reiterated a “buy” rating on shares of GAP in a research note on Thursday, December 14th. ValuEngine upgraded GAP from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 30th. Zacks Investment Research lowered GAP from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Royal Bank of Canada set a $26.00 target price on GAP and gave the stock a “hold” rating in a research note on Monday, October 30th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.94.

Gap Inc (NYSE:GPS) opened at $32.29 on Friday. The company has a market capitalization of $12,120.68, a price-to-earnings ratio of 14.88, a PEG ratio of 1.69 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 1.73. Gap Inc has a 52 week low of $21.02 and a 52 week high of $35.68.

GAP (NYSE:GPS) last announced its quarterly 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. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. GAP had a return on equity of 27.47% and a net margin of 5.57%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. analysts forecast that Gap Inc will post 2.1 EPS for the current year.

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GAP Company 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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