Hefty Wealth Partners buys $1,462,752 stake in Gap Inc (GPS)

Gap Inc (GPS) : Hefty Wealth Partners scooped up 7,300 additional shares in Gap Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 11, 2016. The investment management firm now holds a total of 62,833 shares of Gap Inc which is valued at $1,462,752.Gap Inc makes up approximately 1.18% of Hefty Wealth Partners’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in GPS by selling 18,557 shares or 23.18% in the most recent quarter. The Hedge Fund company now holds 61,493 shares of GPS which is valued at $1,395,891. Gap Inc makes up approx 0.01% of British Columbia Investment Management Corp’s portfolio. 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.Exxonmobil Investment Management Inc Tx boosted its stake in GPS in the latest quarter, The investment management firm added 3,621 additional shares and now holds a total of 58,717 shares of Gap Inc which is valued at $1,332,876. Gap Inc makes up approx 0.03% of Exxonmobil Investment Management Inc Tx’s portfolio.New England Research Management reduced its stake in GPS by selling 650 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 18,900 shares of GPS which is valued at $402,003. Gap Inc makes up approx 0.35% of New England Research Management’s portfolio.

Gap Inc closed down -0.09 points or -0.39% at $23.28 with 60,88,471 shares getting traded on Wednesday. Post opening the session at $23.35, the shares hit an intraday low of $22.86 and an intraday high of $23.38 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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