Gap Inc (GPS) : Randolph Co Inc has sold out all of its stake in Gap Inc during the most recent quarter, according to the disclosure filed by the company on Jul 13, 2016 with the SEC. The investment management company has sold out 500,690 shares of Gap Inc which is valued at $11,656,063.
Other Hedge Funds, Including , Nn Investment Partners Holdings N.v. boosted its stake in GPS in the latest quarter, The investment management firm added 865,500 additional shares and now holds a total of 2,241,130 shares of Gap Inc which is valued at $52,173,506. Gap Inc makes up approx 0.48% of Nn Investment Partners Holdings N.v.’s portfolio.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. Washington Trust Bank sold out all of its stake in GPS during the most recent quarter. The investment firm sold 600 shares of GPS which is valued $13,620.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.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 opened for trading at $23.36 and hit $23.93 on the upside on Monday, eventually ending the session at $23.88, with a gain of 2.67% or 0.62 points. The heightened volatility saw the trading volume jump to 55,09,855 shares. Company has a market cap of $9,503 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.