Flinton Capital Management LLC Purchases 145,404 Shares of Gap Inc (GPS)

Flinton Capital Management LLC boosted its position in Gap Inc (NYSE:GPS) by 182.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 225,148 shares of the apparel retailer’s stock after buying an additional 145,404 shares during the quarter. Flinton Capital Management LLC owned approximately 0.06% of GAP worth $7,025,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Hermes Investment Management Ltd. raised its position in GAP by 7.3% in the 4th quarter. Hermes Investment Management Ltd. now owns 29,252 shares of the apparel retailer’s stock valued at $996,000 after buying an additional 2,000 shares during the last quarter. Amalgamated Bank raised its position in GAP by 9.8% in the 4th quarter. Amalgamated Bank now owns 29,655 shares of the apparel retailer’s stock valued at $1,010,000 after buying an additional 2,644 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in GAP by 9.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 32,336 shares of the apparel retailer’s stock valued at $1,101,000 after buying an additional 2,819 shares during the last quarter. San Francisco Sentry Investment Group CA raised its position in GAP by 543.3% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 3,493 shares of the apparel retailer’s stock valued at $119,000 after buying an additional 2,950 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC raised its position in GAP by 1.6% in the 4th quarter. Gyroscope Capital Management Group LLC now owns 200,465 shares of the apparel retailer’s stock valued at $6,828,000 after buying an additional 3,181 shares during the last quarter. 58.68% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages recently issued reports on GPS. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $28.00 target price (up previously from $24.00) on shares of GAP in a research report on Wednesday, February 21st. BMO Capital Markets lifted their target price on GAP from $29.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday, March 2nd. Credit Suisse Group lowered their price target on GAP from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday. ValuEngine raised GAP from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Deutsche Bank lowered their price target on GAP from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $32.88.

In related news, CEO Jeff Kirwan sold 101,820 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $33.73, for a total value of $3,434,388.60. Following the completion of the sale, the chief executive officer now directly owns 101,820 shares in the company, valued at approximately $3,434,388.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Sydney Fisher sold 500,000 shares of the business’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $32.10, for a total value of $16,050,000.00. Following the completion of the sale, the director now owns 11,530,396 shares of the company’s stock, valued at $370,125,711.60. The disclosure for this sale can be found here. Insiders sold a total of 1,770,425 shares of company stock valued at $57,824,673 over the last 90 days. 27.30% of the stock is currently owned by corporate insiders.

GAP opened at $28.15 on Friday, MarketBeat.com reports. The company has a current ratio of 1.86, a quick ratio of 1.04 and a debt-to-equity ratio of 0.40. The company has a market cap of $10.96 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.35 and a beta of 0.84. Gap Inc has a 1-year low of $21.02 and a 1-year high of $35.68.

GAP (NYSE:GPS) last posted its earnings results on Thursday, May 24th. The apparel retailer reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.60 billion. GAP had a return on equity of 28.41% and a net margin of 5.36%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. equities analysts forecast that Gap Inc will post 2.58 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 1st. Investors of record on Wednesday, July 11th will be paid a $0.2425 dividend. The ex-dividend date of this dividend is Tuesday, July 10th. This represents a $0.97 annualized dividend and a yield of 3.45%. GAP’s dividend payout ratio (DPR) is presently 45.54%.

About GAP

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.

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