The Gap, Inc. (NYSE:GPS) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in The Gap, Inc. (NYSE:GPS – Get Rating) by 86.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,137 shares of the apparel retailer’s stock after selling 96,033 shares during the period. SG Americas Securities LLC’s holdings in GAP were worth $171,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors raised its holdings in GAP by 12.2% in the second quarter. Captrust Financial Advisors now owns 8,561 shares of the apparel retailer’s stock valued at $71,000 after acquiring an additional 930 shares in the last quarter. Covestor Ltd boosted its position in shares of GAP by 208.4% during the 1st quarter. Covestor Ltd now owns 6,923 shares of the apparel retailer’s stock worth $97,000 after purchasing an additional 4,678 shares in the last quarter. US Bancorp DE boosted its position in GAP by 31.6% during the third quarter. US Bancorp DE now owns 16,609 shares of the apparel retailer’s stock worth $136,000 after purchasing an additional 3,991 shares in the last quarter. Citizens Financial Group Inc RI acquired a new position in shares of GAP during the 3rd quarter worth $154,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of GAP in the 3rd quarter worth about $290,000. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Insider Buying and Selling

In other news, CEO Mark Breitbard sold 22,918 shares of the business’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $8.78, for a total value of $201,220.04. Following the transaction, the chief executive officer now owns 123,985 shares in the company, valued at approximately $1,088,588.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 31,209 shares of company stock worth $282,671. 30.81% of the stock is owned by insiders.

GAP Trading Down 4.0 %

NYSE GPS opened at $7.90 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.42 and a debt-to-equity ratio of 0.82. The Gap, Inc. has a twelve month low of $7.79 and a twelve month high of $15.49. The company has a market cap of $2.89 billion, a price-to-earnings ratio of -14.36, a price-to-earnings-growth ratio of 1.18 and a beta of 1.91. The business’s fifty day moving average is $9.57 and its 200 day moving average is $11.77.

GAP (NYSE:GPS – Get Rating) last issued its quarterly earnings data on Thursday, March 9th. The apparel retailer reported ($0.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.16). The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.37 billion. GAP had a negative net margin of 1.29% and a negative return on equity of 6.07%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.02) EPS. As a group, sell-side analysts expect that The Gap, Inc. will post 0.61 EPS for the current fiscal year.

GAP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 5th will be issued a $0.15 dividend. The ex-dividend date is Monday, July 3rd. This represents a $0.60 annualized dividend and a dividend yield of 7.59%. GAP’s dividend payout ratio is currently -109.09%.

Analyst Upgrades and Downgrades

GPS has been the topic of a number of analyst reports. Telsey Advisory Group restated a “market perform” rating and set a $15.00 target price on shares of GAP in a research report on Monday, March 6th. Citigroup upped their price target on GAP from $8.00 to $10.00 and gave the company a “sell” rating in a report on Friday, February 24th. Morgan Stanley upgraded GAP from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 18th. StockNews.com upgraded GAP from a “sell” rating to a “hold” rating in a research report on Saturday, March 18th. Finally, JPMorgan Chase & Co. upped their price target on GAP from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Friday, March 10th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.12.

GAP Company Profile

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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.