Atlas Capital Advisors Inc. Buys New Holdings in The Gap, Inc. (NYSE:GAP)

Key Points

• Atlas Capital Advisors Inc. acquired 12,800 shares of The Gap, Inc., valued at approximately $264,000, marking a new investment in the company during the first quarter.
• The Gap, Inc. reported $0.51 EPS for the last quarter, exceeding analysts' expectations by $0.07, alongside a revenue increase of 2.2% year-over-year.
• The company declared a quarterly dividend of $0.165, reflecting an annualized yield of 3.3% with a payout ratio of 28.57%.

Atlas Capital Advisors Inc. acquired a new position in shares of The Gap, Inc. (NYSE:GAP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,800 shares of the company's stock, valued at approximately $264,000.

Several other institutional investors and hedge funds also recently modified their holdings of GAP. Bank of New York Mellon Corp bought a new stake in GAP during the first quarter worth about $56,763,000. LSV Asset Management bought a new stake in GAP during the first quarter worth about $32,655,000. Rhumbline Advisers bought a new stake in GAP during the first quarter worth about $12,210,000. Hennessy Advisors Inc. bought a new stake in GAP during the first quarter worth about $7,422,000. Finally, New York State Teachers Retirement System bought a new stake in GAP during the first quarter worth about $5,065,000. 58.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Mark Breitbard sold 51,385 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $27.00, for a total value of $1,387,395.00. Following the transaction, the chief executive officer directly owned 123,985 shares of the company's stock, valued at $3,347,595. The trade was a 29.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 31.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company lowered GAP from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $30.00 to $24.00 in a report on Wednesday, April 30th. Telsey Advisory Group restated a "market perform" rating and issued a $26.00 price objective on shares of GAP in a research note on Friday, May 30th. Barclays upped their price objective on GAP from $26.00 to $33.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. Morgan Stanley dropped their price objective on GAP from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Finally, Wall Street Zen lowered GAP from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, GAP presently has a consensus rating of "Moderate Buy" and an average target price of $27.93.

GAP Trading Up 2.9%

GAP traded up $0.57 during midday trading on Tuesday, hitting $20.27. 313,288 shares of the company were exchanged, compared to its average volume of 8,894,997. The firm has a market capitalization of $7.63 billion, a P/E ratio of 8.74, a P/E/G ratio of 2.17 and a beta of 2.15. The Gap, Inc. has a 1-year low of $16.99 and a 1-year high of $29.29. The firm's 50 day moving average price is $21.16 and its 200-day moving average price is $21.91. The company has a quick ratio of 0.98, a current ratio of 1.71 and a debt-to-equity ratio of 0.45.

GAP (NYSE:GAP - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.44 by $0.07. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.41 billion. GAP had a return on equity of 27.86% and a net margin of 5.80%. The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. As a group, equities analysts forecast that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 9th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, July 9th. GAP's payout ratio is currently 28.57%.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.