Trading Report: Today: Gap Inc. (GPS) Position Increased by Adams Asset Advisors LLC

Today: Gap Inc. (GPS) Position Increased by Adams Asset Advisors LLC

Adams Asset Advisors LLC boosted its stake in Gap Inc. (NYSE:GPS) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 274,161 shares of the apparel retailer’s stock after buying an additional 849 shares during the period. Gap makes up approximately 0.8% of Adams Asset Advisors LLC’s portfolio, making the stock its 18th largest position. Adams Asset Advisors LLC’s holdings in Gap were worth $6,097,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of Gap by 20.2% in the first quarter. Envestnet Asset Management Inc. now owns 42,361 shares of the apparel retailer’s stock valued at $1,245,000 after buying an additional 7,125 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Gap by 37.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,954 shares of the apparel retailer’s stock valued at $558,000 after buying an additional 5,166 shares in the last quarter. First Republic Investment Management Inc. raised its stake in shares of Gap by 38.1% in the first quarter. First Republic Investment Management Inc. now owns 47,404 shares of the apparel retailer’s stock valued at $1,393,000 after buying an additional 13,077 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of Gap by 6.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 58,717 shares of the apparel retailer’s stock valued at $1,246,000 after buying an additional 3,621 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its stake in shares of Gap by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 195,763 shares of the apparel retailer’s stock valued at $4,154,000 after buying an additional 2,841 shares in the last quarter. Institutional investors own 58.00% of the company’s stock.

Gap Inc. (NYSE:GPS) traded down 0.35% during mid-day trading on Monday, reaching $25.48. The company had a trading volume of 8,764,729 shares. The company’s 50 day moving average is $27.00 and its 200 day moving average is $23.45. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 15.17 and a beta of 1.06. Gap Inc. has a 52-week low of $17.00 and a 52-week high of $30.74.

Gap (NYSE:GPS) last posted its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.74 billion. Gap had a return on equity of 32.19% and a net margin of 4.33%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. Equities analysts predict that Gap Inc. will post $1.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Wednesday, January 4th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, December 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.60%. Gap’s payout ratio is presently 55.09%.

GPS has been the subject of several research analyst reports. Vetr upgraded Gap from a “buy” rating to a “strong-buy” rating and set a $27.65 price target for the company in a research note on Tuesday, August 2nd. FBR & Co set a $22.00 price target on Gap and gave the stock a “hold” rating in a research note on Friday, August 5th. Mizuho upgraded Gap from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $17.00 to $24.00 in a research note on Tuesday, August 9th. Royal Bank Of Canada upped their price target on Gap from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 9th. Finally, RBC Capital Markets reiterated a “hold” rating and issued a $23.00 target price (up previously from $20.00) on shares of Gap in a research note on Tuesday, August 9th. Four equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.87.

In related news, President Jeff Kirwan sold 11,406 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $25.38, for a total transaction of $289,484.28. Following the transaction, the president now directly owns 19,094 shares in the company, valued at $484,605.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul Joseph Chapman sold 6,764 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $24.99, for a total value of $169,032.36. The disclosure for this sale can be found here. Corporate insiders own 30.00% of the company’s stock.

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.

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