Teachers Retirement System of The State of Kentucky Invests $1.42 Million in The Gap, Inc. (NYSE:GAP)

Teachers Retirement System of The State of Kentucky purchased a new stake in The Gap, Inc. (NYSE:GAP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 68,770 shares of the company's stock, valued at approximately $1,418,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GAP. Hexagon Capital Partners LLC bought a new stake in shares of GAP during the 1st quarter worth about $30,000. First Horizon Advisors Inc. acquired a new position in GAP during the 1st quarter worth approximately $75,000. Deseret Mutual Benefit Administrators acquired a new position in GAP during the 1st quarter worth approximately $81,000. FNY Investment Advisers LLC acquired a new position in GAP in the 1st quarter valued at approximately $91,000. Finally, GAMMA Investing LLC bought a new stake in shares of GAP in the 1st quarter valued at $96,000. 58.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GAP

In other 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 30.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wells Fargo & Company lowered shares of GAP from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $30.00 to $24.00 in a research note on Wednesday, April 30th. Telsey Advisory Group restated a "market perform" rating and set a $26.00 price objective on shares of GAP in a report on Friday, May 30th. Morgan Stanley reduced their target price on shares of GAP from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Barclays increased their target price on shares of GAP from $26.00 to $33.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of GAP from $25.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $28.53.

GAP Stock Up 1.9%

Shares of GAP stock traded up $0.38 during mid-day trading on Friday, hitting $20.64. 5,699,835 shares of the stock traded hands, compared to its average volume of 8,178,719. The stock has a market cap of $7.77 billion, a P/E ratio of 8.94, a P/E/G ratio of 2.20 and a beta of 2.14. The stock's fifty day moving average is $22.79 and its two-hundred day moving average is $22.25. The Gap, Inc. has a 52-week low of $16.99 and a 52-week high of $29.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.71 and a quick ratio of 0.98.

GAP (NYSE:GAP - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts predict that The Gap, Inc. will post 2.02 EPS for the current year.

GAP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Wednesday, July 9th. GAP's dividend payout ratio (DPR) is 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.