55,800 Shares in The Gap, Inc. (NYSE:GAP) Bought by Polianta Ltd

Polianta Ltd acquired a new position in shares of The Gap, Inc. (NYSE:GAP - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 55,800 shares of the company's stock, valued at approximately $1,150,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System acquired a new stake in shares of GAP in the 4th quarter worth $4,953,000. GAMMA Investing LLC purchased a new position in GAP during the first quarter worth about $1,971,000. Rhumbline Advisers acquired a new stake in GAP in the first quarter valued at about $12,210,000. SG Americas Securities LLC purchased a new stake in GAP in the 1st quarter valued at approximately $3,519,000. Finally, Handelsbanken Fonder AB purchased a new stake in GAP in the 1st quarter valued at approximately $1,107,000. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Horacio Barbeito sold 40,764 shares of GAP stock in a transaction on Friday, March 21st. The shares were sold at an average price of $20.07, for a total transaction of $818,133.48. Following the sale, the chief executive officer now owns 308 shares of the company's stock, valued at $6,181.56. The trade was a 99.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Breitbard sold 51,385 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $27.00, for a total transaction of $1,387,395.00. Following the completion of the transaction, the chief executive officer now owns 123,985 shares in the company, valued at $3,347,595. This represents a 29.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,444 shares of company stock worth $2,348,404. 30.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Jefferies Financial Group reissued a "hold" rating and issued a $29.00 price target (up from $26.00) on shares of GAP in a report on Wednesday, May 21st. Morgan Stanley reduced their target price on GAP from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $26.00 price target on shares of GAP in a research note on Friday, May 30th. Robert W. Baird reduced their price objective on shares of GAP from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, Wells Fargo & Company downgraded shares of GAP from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $30.00 to $24.00 in a report on Wednesday, April 30th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.47.

GAP Price Performance

GAP stock traded down $0.76 during trading on Friday, hitting $20.86. The stock had a trading volume of 9,993,621 shares, compared to its average volume of 7,801,287. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 0.94 and a beta of 2.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54. The company's 50 day moving average price is $22.79 and its two-hundred day moving average price is $22.87. The Gap, Inc. has a 1-year low of $16.99 and a 1-year high of $29.29.

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, beating analysts' consensus estimates of $0.44 by $0.07. GAP had a net margin of 5.40% and a return on equity of 29.03%. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. The company's revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts forecast that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Dividend Announcement

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

GAP 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.