Hanlon Investment Management adds Gap Inc (GPS) to its portfolio

Gap Inc (GPS) : Hanlon Investment Management added new position in Gap Inc during the most recent quarter end. The investment management firm now holds 268,023 shares of Gap Inc which is valued at $6,703,255 , the company said in a statement filed on Aug 2, 2016 with the SEC.Gap Inc makes up approximately 0.57% of Hanlon Investment Management’s portfolio.

Other Hedge Funds, Including , Dupont Capital Management Corp reduced its stake in GPS by selling 10,463 shares or 16.06% in the most recent quarter. The Hedge Fund company now holds 54,683 shares of GPS which is valued at $1,367,622. Gap Inc makes up approx 0.03% of Dupont Capital Management Corp’s portfolio.Calamos Advisors boosted its stake in GPS in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 31,503 shares of Gap Inc which is valued at $805,847. Gap Inc makes up approx 0.01% of Calamos Advisors’s portfolio.Pggm Investments boosted its stake in GPS in the latest quarter, The investment management firm added 751,688 additional shares and now holds a total of 1,695,205 shares of Gap Inc which is valued at $43,363,344. Gap Inc makes up approx 0.22% of Pggm Investments’s portfolio. Adams Asset Advisors added GPS to its portfolio by purchasing 273,312 company shares during the most recent quarter which is valued at $6,619,617. Gap Inc makes up approx 1.10% of Adams Asset Advisors’s portfolio. Cutler Group Lp added GPS to its portfolio by purchasing 10,482 company shares during the most recent quarter which is valued at $244,021. Gap Inc makes up approx 0.02% of Cutler Group Lp’s portfolio.

Gap Inc closed down -0.02 points or -0.08% at $25.62 with 41,65,624 shares getting traded on Monday. Post opening the session at $25.68, the shares hit an intraday low of $25.56 and an intraday high of $25.87 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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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