Nisa Investment Advisors LLC Purchases New Position in The Gap, Inc. (NYSE:GAP)

Nisa Investment Advisors LLC acquired a new position in shares of The Gap, Inc. (NYSE:GAP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 40,365 shares of the company's stock, valued at approximately $832,000.

Other hedge funds also recently modified their holdings of the company. Hexagon Capital Partners LLC acquired a new stake in shares of GAP in the first quarter valued at approximately $30,000. First Horizon Advisors Inc. acquired a new stake in shares of GAP in the first quarter valued at approximately $75,000. Deseret Mutual Benefit Administrators acquired a new stake in shares of GAP in the first quarter valued at approximately $81,000. FNY Investment Advisers LLC acquired a new stake in shares of GAP in the first quarter valued at approximately $91,000. Finally, GAMMA Investing LLC acquired a new stake in shares of GAP in the first quarter valued at approximately $96,000. Institutional investors and hedge funds own 58.81% of the company's stock.

GAP Trading Up 0.6%

NYSE GAP traded up $0.13 on Friday, hitting $20.47. The company's stock had a trading volume of 1,182,785 shares, compared to its average volume of 7,845,575. The company has a quick ratio of 0.98, a current ratio of 1.71 and a debt-to-equity ratio of 0.45. The Gap, Inc. has a 1-year low of $16.99 and a 1-year high of $29.29. The company's 50-day moving average is $23.39 and its 200 day moving average is $22.38. The firm has a market cap of $7.71 billion, a PE ratio of 8.86, a PEG ratio of 2.19 and a beta of 2.14.

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

GAP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 9th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Wednesday, July 9th. GAP's payout ratio is 28.57%.

Insider Buying and Selling at GAP

In related news, CEO Mark Breitbard sold 51,385 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $27.00, for a total value of $1,387,395.00. Following the sale, the chief executive officer owned 123,985 shares in the company, valued at $3,347,595. This represents a 29.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 30.56% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays raised their price target on shares of GAP from $26.00 to $33.00 and gave the company an "overweight" rating in a report on Tuesday, May 27th. Citigroup cut their price objective on shares of GAP from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Wells Fargo & Company lowered shares of GAP from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $30.00 to $24.00 in a research note on Wednesday, April 30th. UBS Group lowered their price objective on shares of GAP from $29.00 to $27.00 and set a "neutral" rating on the stock in a research note on Friday, May 30th. Finally, Morgan Stanley decreased their price target on shares of GAP from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, GAP currently has an average rating of "Moderate Buy" and a consensus target price of $28.47.

About GAP

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.