Mizuho Securities Usa adds Gap Inc (GPS) to its portfolio

Gap Inc (GPS) : Mizuho Securities Usa added new position in Gap Inc during the most recent quarter end. The investment management firm now holds 16,500 shares of Gap Inc which is valued at $395,340 , the company said in a statement filed on Apr 21, 2016 with the SEC.Gap Inc makes up approximately 0.10% of Mizuho Securities Usa’s portfolio.

Gap Inc opened for trading at $23.53 and hit $24.02 on the upside on Wednesday, eventually ending the session at $23.97, with a gain of 0.42% or 0.1 points. The heightened volatility saw the trading volume jump to 34,69,111 shares. Company has a market cap of $9,519 M.

Other Hedge Funds, Including , Valley National Advisers Inc boosted its stake in GPS in the latest quarter, The investment management firm added 3,301 additional shares and now holds a total of 3,499 shares of Gap Inc which is valued at $83,836. Gap Inc makes up approx 0.04% of Valley National Advisers Inc’s portfolio. Acadian Asset Management added GPS to its portfolio by purchasing 3,624 company shares during the most recent quarter which is valued at $86,650.State Of Alaska Department Of Revenue boosted its stake in GPS in the latest quarter, The investment management firm added 27,147 additional shares and now holds a total of 30,858 shares of Gap Inc which is valued at $737,815. Gap Inc makes up approx 0.08% of State Of Alaska Department Of Revenue’s portfolio.Denali Advisors boosted its stake in GPS in the latest quarter, The investment management firm added 127,500 additional shares and now holds a total of 263,500 shares of Gap Inc which is valued at $6,300,285. Gap Inc makes up approx 1.41% of Denali Advisors’s portfolio.Partnerre Asset Management Corp reduced its stake in GPS by selling 100 shares or 6.27% in the most recent quarter. The Hedge Fund company now holds 1,494 shares of GPS which is valued at $35,826. Gap Inc makes up approx 0.02% of Partnerre Asset Management Corp’s portfolio.

On the company’s financial health, Gap Inc reported $0.57 EPS for the quarter, based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus estimate of $0.57. The company had revenue of $4385.00 million for the quarter, compared to analysts expectations of $4466.16 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on Gap Inc. Shares were Reiterated by RBC Capital Mkts on Apr 13, 2016 to “Sector Perform” and Lowered the Price Target to $ 26 from a previous price target of $27 .Shares were Reiterated by MKM Partners on Apr 8, 2016 to “Neutral” and Lowered the Price Target to $ 27 from a previous price target of $30 .Gap Inc was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 4, 2016.

The 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 Piperlime Athleta and Intermix brands. In addition to operating in the specialty outlet online and franchise channels Gap Inc. is an apparel retailer in using omni-channel capabilities for digital world and physical stores. Its omni-channel services include order-in-store reserve-in-store find-in-store and ship-from-store that are tailored across its portfolio of brands. Gap includes GapKids babyGap GapMaternity GapBody and GapFit collections. It also offers handbags shoes jewelry eyewear and personal care products among others. It has Company-operated stores in the United States Canada the United Kingdom France Ireland Japan Italy China and Hong Kong. It operates Gap Banana Republic and Old Navy stores throughout Asia Australia Europe Latin America the Middle East and Africa.

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