Quantres Asset Management Ltd adds Gap Inc (GPS) to its portfolio

Gap Inc (GPS) : Quantres Asset Management Ltd added new position in Gap Inc during the most recent quarter end. The investment management firm now holds 101,800 shares of Gap Inc which is valued at $2,477,812 , the company said in a statement filed on Jul 20, 2016 with the SEC.Gap Inc makes up approximately 1.47% of Quantres Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Wealthtrust-arizona reduced its stake in GPS by selling 1,517 shares or 93.82% in the most recent quarter. The Hedge Fund company now holds 100 shares of GPS which is valued at $2,434.Chevy Chase Trust Holdings boosted its stake in GPS in the latest quarter, The investment management firm added 2,841 additional shares and now holds a total of 195,763 shares of Gap Inc which is valued at $4,443,820. Gap Inc makes up approx 0.02% of Chevy Chase Trust Holdings’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.Bnp Paribas Arbitrage Sa reduced its stake in GPS by selling 8,396 shares or 5.69% in the most recent quarter. The Hedge Fund company now holds 139,163 shares of GPS which is valued at $3,159,000. Gap Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

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. Wolfe Research Upgraded Gap Inc on Jul 26, 2016 to ” Outperform”, Price Target of the shares are set at $30.Gap Inc was Downgraded by Standpoint Research to ” Hold” on Jul 25, 2016. Gap Inc was Upgraded by Standpoint Research to ” Buy” on Jun 7, 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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