Stephens Inc. AR Sells 11,844 Shares of Gap Inc (GPS)

Stephens Inc. AR cut its holdings in Gap Inc (NYSE:GPS) by 64.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,556 shares of the apparel retailer’s stock after selling 11,844 shares during the period. Stephens Inc. AR’s holdings in GAP were worth $223,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Chevy Chase Trust Holdings Inc. boosted its holdings in GAP by 1.0% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 192,812 shares of the apparel retailer’s stock worth $5,694,000 after purchasing an additional 1,902 shares in the last quarter. Hermes Investment Management Ltd. boosted its holdings in GAP by 7.3% in the fourth quarter. Hermes Investment Management Ltd. now owns 29,252 shares of the apparel retailer’s stock worth $996,000 after purchasing an additional 2,000 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in GAP by 0.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 728,655 shares of the apparel retailer’s stock worth $21,517,000 after purchasing an additional 2,093 shares in the last quarter. Acropolis Investment Management LLC boosted its holdings in GAP by 115.4% in the fourth 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 in the last quarter. Finally, Andra AP fonden boosted its holdings in GAP by 2.6% in the third quarter. Andra AP fonden now owns 89,800 shares of the apparel retailer’s stock worth $2,652,000 after purchasing an additional 2,300 shares in the last quarter. Hedge funds and other institutional investors own 55.03% of the company’s stock.

A number of brokerages recently issued reports on GPS. Wolfe Research cut shares of GAP from an “outperform” rating to a “peer perform” rating in a report on Friday, January 26th. Barclays boosted their target price on shares of GAP from $34.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Zacks Investment Research raised shares of GAP from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Thursday, January 18th. Robert W. Baird set a $35.00 target price on shares of GAP and gave the stock a “hold” rating in a research report on Friday, December 22nd. Finally, Canaccord Genuity reissued a “buy” rating on shares of GAP in a research report on Thursday, December 14th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $28.94.

In related news, EVP Brent Hyder sold 5,839 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.04, for a total value of $192,920.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Dara Bazzano sold 1,593 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $30.04, for a total transaction of $47,853.72. Following the completion of the sale, the vice president now directly owns 2,866 shares in the company, valued at approximately $86,094.64. The disclosure for this sale can be found here. In the last three months, insiders sold 1,554,529 shares of company stock worth $48,965,623. 27.30% of the stock is currently owned by insiders.

Gap Inc (NYSE GPS) opened at $33.11 on Thursday. The company has a market cap of $12,610.64, a PE ratio of 15.98, a PEG ratio of 1.76 and a beta of 0.86. The company has a current ratio of 1.73, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. Gap Inc has a 52-week low of $21.02 and a 52-week high of $35.68.

GAP (NYSE:GPS) last posted its earnings results on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.76 billion. GAP had a net margin of 5.57% and a return on equity of 27.47%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. sell-side analysts forecast that Gap Inc will post 2.1 EPS for the current fiscal year.

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About GAP

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.

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Institutional Ownership by Quarter for GAP (NYSE:GPS)

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