Simplex Trading buys $771,724 stake in Gap Inc (GPS)

Gap Inc (GPS) : Simplex Trading scooped up 5,888 additional shares in Gap Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 29,399 shares of Gap Inc which is valued at $771,724.Gap Inc makes up approximately 0.10% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in GPS by selling 2,757 shares or 4.7% in the most recent quarter. The Hedge Fund company now holds 55,960 shares of GPS which is valued at $1,468,950. 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 150 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 18,750 shares of GPS which is valued at $422,438. Gap Inc makes up approx 0.36% of New England Research Management’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in GPS in the latest quarter, The investment management firm added 15,647 additional shares and now holds a total of 154,810 shares of Gap Inc which is valued at $3,487,869. Gap Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings reduced its stake in GPS by selling 10,871 shares or 5.55% in the most recent quarter. The Hedge Fund company now holds 184,892 shares of GPS which is valued at $4,165,617. Gap Inc makes up approx 0.02% of Chevy Chase Trust Holdings’s portfolio. Washington Trust Bank added GPS to its portfolio by purchasing 33 company shares during the most recent quarter which is valued at $743.

Gap Inc opened for trading at $24.26 and hit $26.67 on the upside on Friday, eventually ending the session at $26.25, with a gain of 15.23% or 3.47 points. The heightened volatility saw the trading volume jump to 3,18,62,161 shares. Company has a market cap of $10,460 M.

On the company’s financial health, Gap Inc reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.59. The company had revenue of $3851.00 million for the quarter, compared to analysts expectations of $3778.31 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on Gap Inc. Company shares were Reiterated by Wedbush on Aug 19, 2016 to “Neutral”, Firm has raised the Price Target to $ 25 from a previous price target of $20 .Company shares were Reiterated by RBC Capital Mkts on Aug 9, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 23 from a previous price target of $20 .Company shares were Upgraded by Mizuho on Aug 9, 2016 to ” Neutral”, Firm has raised the Price Target to $ 24 from a previous price target of $17 .

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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