Crossmark Global Holdings Inc. Raises Position in Gap Inc (GPS)

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Crossmark Global Holdings Inc. increased its holdings in Gap Inc (NYSE:GPS) by 20.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,703 shares of the apparel retailer’s stock after acquiring an additional 7,000 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in GAP were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of GPS. AQR Capital Management LLC increased its stake in shares of GAP by 456.0% in the 3rd quarter. AQR Capital Management LLC now owns 9,883,253 shares of the apparel retailer’s stock worth $285,132,000 after acquiring an additional 8,105,713 shares in the last quarter. Vanguard Group Inc increased its stake in shares of GAP by 5.4% in the 3rd quarter. Vanguard Group Inc now owns 27,822,458 shares of the apparel retailer’s stock worth $802,678,000 after acquiring an additional 1,433,737 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of GAP by 5.4% in the 3rd quarter. Vanguard Group Inc. now owns 27,822,458 shares of the apparel retailer’s stock worth $802,678,000 after acquiring an additional 1,433,737 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of GAP by 5.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,602,613 shares of the apparel retailer’s stock worth $363,586,000 after acquiring an additional 701,959 shares in the last quarter. Finally, SPX Equities Gestao de Recursos Ltda bought a new position in shares of GAP in the 3rd quarter worth about $20,206,136,100,000. Institutional investors own 55.92% of the company’s stock.

Shares of NYSE GPS opened at $24.90 on Monday. The company has a current ratio of 1.97, a quick ratio of 0.85 and a debt-to-equity ratio of 0.36. The stock has a market cap of $9.50 billion, a PE ratio of 11.69, a P/E/G ratio of 1.04 and a beta of 0.61. Gap Inc has a 52-week low of $24.25 and a 52-week high of $34.71.

GAP (NYSE:GPS) last announced its quarterly earnings results on Tuesday, November 20th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4 billion. GAP had a net margin of 5.57% and a return on equity of 29.45%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 EPS. On average, equities research analysts forecast that Gap Inc will post 2.56 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 30th. Stockholders of record on Wednesday, January 9th were issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Tuesday, January 8th. GAP’s payout ratio is presently 45.54%.

Several brokerages recently issued reports on GPS. ValuEngine lowered shares of GAP from a “sell” rating to a “strong sell” rating in a research note on Thursday. MKM Partners decreased their price target on shares of GAP to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, November 28th. Barclays restated a “buy” rating and set a $33.00 price objective on shares of GAP in a research note on Thursday, November 22nd. B. Riley reduced their price objective on shares of GAP from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, November 21st. Finally, Zacks Investment Research lowered shares of GAP from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company’s stock. GAP has a consensus rating of “Hold” and an average target price of $30.75.

In other news, EVP Julie Gruber sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $24.73, for a total transaction of $185,475.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 30.60% of the company’s stock.

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GAP Profile

The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, and Intermix brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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Institutional Ownership by Quarter for GAP (NYSE:GPS)

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