Adams Asset Advisors adds Gap Inc (GPS) to its portfolio

Gap Inc (GPS) : Adams Asset Advisors added new position in Gap Inc during the most recent quarter end. The investment management firm now holds 273,312 shares of Gap Inc which is valued at $6,619,617 , the company said in a statement filed on Jul 19, 2016 with the SEC.Gap Inc makes up approximately 1.10% of Adams Asset Advisors’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management boosted its stake in GPS in the latest quarter, The investment management firm added 19,449 additional shares and now holds a total of 23,073 shares of Gap Inc which is valued at $558,828. Americafirst Capital Management added GPS to its portfolio by purchasing 6,546 company shares during the most recent quarter which is valued at $158,544. Gap Inc makes up approx 0.11% of Americafirst Capital Management’s portfolio. Edge Wealth Management sold out all of its stake in GPS during the most recent quarter. The investment firm sold 103 shares of GPS which is valued $2,338. Alpha Windward sold out all of its stake in GPS during the most recent quarter. The investment firm sold 1,987 shares of GPS which is valued $45,105.

Gap Inc opened for trading at $24.09 and hit $24.295 on the upside on Wednesday, eventually ending the session at $24.22, with a gain of 1.13% or 0.27 points. The heightened volatility saw the trading volume jump to 33,93,252 shares. Company has a market cap of $9,639 M.

On the company’s financial health, Gap Inc reported $0.32 EPS for the quarter, based on the information available during the earnings call on May 19, 2016. Analyst had a consensus estimate of $0.32. The company had revenue of $3438.00 million for the quarter, compared to analysts expectations of $3542.07 million. The company’s revenue was down -6.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on Gap Inc. Gap Inc was Upgraded by Standpoint Research to ” Buy” on Jun 7, 2016. Shares were Reiterated by Mizuho on May 20, 2016 to “Underperform” and Lowered the Price Target to $ 17 from a previous price target of $18 .Shares were Reiterated by FBR Capital on May 20, 2016 to “Mkt Perform” and Lowered the Price Target to $ 22 from a previous price target of $27 .

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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