Economy

Xact Kapitalforvaltning AB Boosts Position in Gap, Inc. (The) (GPS)

Royal Bank Of Canada reissued their hold rating on shares of Gap, Inc. (The) were worth $3,264,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in Global Positioning System. Farmers & Merchants Investments holds 0% of its portfolio in Gap Inc (NYSE:GPS) for 446 shares. (The) during the first quarter valued at about $2,813,000. Another trade for 38,278 shares valued at $917,508 was made by Owen Andi on Thursday, February 9. Yorktown Management & Research Co Inc bought a new position in Gap, Inc. (The) during the first quarter valued at approximately $211,000. (The) during the first quarter worth about $217,000. Finally, FBR & Co set a $28.00 target price on shares of Gap, Inc. (The) during the first quarter worth $1,414,000. World Asset Management Inc now owns 26,770 shares of the apparel retailer's stock valued at $650,000 after buying an additional 2,294 shares during the last quarter. The Gap, Inc. (NYSE:GPS), at its latest closing price of $23.77, it has a price-to-book ratio of 3.40, compared to an industry average at 3.93. (The) by 67.8% in the first quarter. Insiders own 27.30% of the company's stock. The firm owned 1,344,324 shares of the apparel retailer's stock after selling 203,138 shares during the period.

The Gap, Inc. (NYSE:GPS), maintained return on investment for the last twelve months at 13.76, higher than what Reuters data shows regarding industry's average. (NYSE:GPS) traded down 3.03% during mid-day trading on Wednesday, hitting $23.05. Gap, Inc. The firm has a market capitalization of $9.73 billion, a PE ratio of 14.21 and a beta of 0.87. The company's 50 day moving average price is $23.05 and its 200-day moving average price is $23.72.

Analyst Thoughts About The Gap, Inc. Gap, Inc. (The) also was the recipient of some unusual options trading activity on Monday. Stock investors purchased 619 put options on the stock. Volume was up 6.63% over the stocks average daily volume. The stock of Gap Inc (NYSE:GPS) has "Market Perform" rating given on Wednesday, September 30 by Telsey Advisory Group. The firm had revenue of $3.44 billion for the quarter, compared to analysts' expectations of $3.39 billion. The firm's revenue for the quarter was up.1% compared to the same quarter a year ago. Advantus Capital Mgmt Incorporated owns 0.01% invested in Gap Inc (NYSE:GPS) for 21,873 shares.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. The dividend was $0.230 per share for the quarter which is $0.92 annualized. There is an annual dividend of $$0.92 with a yield of 3.99% The company's dividend has increased by 13.80% on a 3 Year Average The payout ration for the trailing 12 months of earnings is 53.18%, 46.00% based on this years estimates and 44.88% based on next years projected estimates. This dividend represents a yeild of $3.85 which is the dividend as a percentage of the current share price. It dropped, as 46 investors sold Global Positioning System shares while 142 reduced holdings. "(The) (NYSE:GPS)" was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another website, it was stolen and republished in violation of US & worldwide trademark & copyright law.

Several research firms have commented on Global Positioning System. BMO Capital Markets set a $23.00 price target on shares of Gap, Inc. The Gap Inc. had 125 analyst reports since August 5, 2015 according to SRatingsIntel. Gap Inc now has $9.51 billion valuation. (The) from a "sell" rating to a "hold" rating in a report on Tuesday, June 13th. Morgan Stanley reaffirmed an "underperform" rating and set a $20.00 target price on shares of Gap, Inc. Credit Suisse maintained the shares of HD in report on Monday, December 7 with "Outperform" rating.

COPYRIGHT VIOLATION NOTICE: "Amalgamated Bank Buys 375 Shares of Gap, Inc". Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company. (The) and gave the stock a "hold" rating in a research note on Tuesday. (The) from a "sell" rating to a "hold" rating in a research note on Sunday, July 16th.

ILLEGAL ACTIVITY WARNING: "PGGM Investments Has $29.56 Million Stake in Gap, Inc". Jeff Kirwan, President & CEO, Gap sold $22,540 worth of shares at an average price of $22.54 on June 1st. The stock was sold at an average price of $24.88, for a total transaction of $124,400.00. Following the completion of the transaction, the chief executive officer now owns 29,548 shares of the company's stock, valued at $735,154.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Reilly Finance Advsrs Ltd Limited Liability Company invested 0% in Gap Inc (NYSE:GPS). The Firm offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. The Company's products are available to clients online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

Other hedge funds have also added to or reduced their stakes in the company.



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