GAMMA Investing LLC Makes New Investment in The Gap, Inc. (NYSE:GAP)

GAMMA Investing LLC purchased a new position in shares of The Gap, Inc. (NYSE:GAP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 95,610 shares of the company's stock, valued at approximately $1,971,000.

Separately, California State Teachers Retirement System purchased a new position in shares of GAP in the 4th quarter worth $4,953,000. Hedge funds and other institutional investors own 58.81% of the company's stock.

GAP Stock Performance

GAP opened at $20.86 on Friday. The business's 50 day moving average is $22.79 and its 200-day moving average is $22.87. The stock has a market cap of $7.86 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 0.94 and a beta of 2.20. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The Gap, Inc. has a twelve month low of $16.99 and a twelve month high of $29.29.

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. GAP had a return on equity of 29.03% and a net margin of 5.40%. The firm had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.41 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. On average, analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current year.

GAP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 9th will be given a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $0.66 annualized dividend and a yield of 3.16%. GAP's dividend payout ratio (DPR) is 28.57%.

Insiders Place Their Bets

In other GAP news, CEO Mark Breitbard sold 51,385 shares of GAP stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $27.00, for a total transaction of $1,387,395.00. Following the transaction, the chief executive officer now directly owns 123,985 shares in the company, valued at approximately $3,347,595. The trade was a 29.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Julie Gruber sold 1,537 shares of GAP stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $19.59, for a total transaction of $30,109.83. Following the transaction, the insider now owns 37,395 shares in the company, valued at approximately $732,568.05. The trade was a 3.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,444 shares of company stock worth $2,348,404. 30.56% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on GAP shares. The Goldman Sachs Group cut their price objective on GAP from $34.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company downgraded GAP from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $30.00 to $24.00 in a research note on Wednesday, April 30th. Morgan Stanley lowered their target price on GAP from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. UBS Group lowered their target price on GAP from $29.00 to $27.00 and set a "neutral" rating for the company in a research note on Friday, May 30th. Finally, Citigroup decreased their price target on GAP from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.47.

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.

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