ARP Americas LP Invests $1.41 Million in Gap Inc (GPS) Stock

ARP Americas LP purchased a new stake in shares of Gap Inc (NYSE:GPS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 41,438 shares of the apparel retailer’s stock, valued at approximately $1,411,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. San Francisco Sentry Investment Group CA boosted its holdings in shares of GAP by 543.3% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 3,493 shares of the apparel retailer’s stock worth $119,000 after acquiring an additional 2,950 shares in the last quarter. Cerebellum GP LLC bought a new position in GAP in the 4th quarter worth approximately $130,000. Acropolis Investment Management LLC raised its position in GAP by 115.4% in the 4th quarter. Acropolis Investment Management LLC now owns 4,185 shares of the apparel retailer’s stock worth $143,000 after purchasing an additional 2,242 shares during the last quarter. Mariner Wealth Advisors LLC bought a new position in GAP in the 4th quarter worth approximately $203,000. Finally, IFG Advisory LLC bought a new stake in shares of GAP during the 4th quarter valued at $205,000. Hedge funds and other institutional investors own 58.72% of the company’s stock.

Shares of Gap Inc (NYSE:GPS) traded down $0.25 during trading hours on Wednesday, hitting $32.42. 3,056,257 shares of the stock were exchanged, compared to its average volume of 6,080,000. The company has a market cap of $12,610.00, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.53 and a beta of 0.88. Gap Inc has a 1 year low of $21.02 and a 1 year high of $35.68. The company has a quick ratio of 1.04, a current ratio of 1.86 and a debt-to-equity ratio of 0.40.

GAP (NYSE:GPS) last announced its quarterly earnings data on Thursday, March 1st. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. The company had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.68 billion. GAP had a net margin of 5.35% and a return on equity of 28.13%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. research analysts forecast that Gap Inc will post 2.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 2nd. Stockholders of record on Wednesday, April 11th will be given a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 2.99%. This is a boost from GAP’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, April 10th. GAP’s dividend payout ratio (DPR) is currently 42.79%.

Several brokerages have commented on GPS. KeyCorp reiterated an “overweight” rating on shares of GAP in a research report on Friday, November 17th. Canaccord Genuity reaffirmed a “buy” rating on shares of GAP in a research note on Thursday, December 14th. Royal Bank of Canada set a $35.00 price objective on shares of GAP and gave the stock a “hold” rating in a research note on Thursday, March 1st. Barclays increased their price objective on shares of GAP from $21.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, March 2nd. Finally, Nomura raised their target price on shares of GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, November 17th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $31.99.

In other GAP news, EVP Julie Gruber sold 5,462 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $35.00, for a total transaction of $191,170.00. Following the completion of the sale, the executive vice president now directly owns 11,988 shares in the company, valued at approximately $419,580. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Brent Hyder sold 5,839 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.04, for a total transaction of $192,920.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 696,033 shares of company stock valued at $23,754,526. 27.30% of the stock is owned by company insiders.

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GAP Company Profile

The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

Institutional Ownership by Quarter for GAP (NYSE:GPS)

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