Janus Henderson Group PLC Grows Position in Gap Inc (NYSE:GPS)



Janus Henderson Group PLC boosted its stake in shares of Gap Inc (NYSE:GPS) by 69.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 890,217 shares of the apparel retailer’s stock after purchasing an additional 365,161 shares during the period. Janus Henderson Group PLC owned about 0.24% of GAP worth $15,997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GPS. LS Investment Advisors LLC increased its holdings in shares of GAP by 19.1% in the second quarter. LS Investment Advisors LLC now owns 20,757 shares of the apparel retailer’s stock worth $373,000 after purchasing an additional 3,331 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of GAP by 11.7% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 201,303 shares of the apparel retailer’s stock worth $3,567,000 after purchasing an additional 21,015 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of GAP by 17.3% in the second quarter. Wells Fargo & Company MN now owns 2,312,790 shares of the apparel retailer’s stock worth $41,561,000 after purchasing an additional 341,672 shares during the last quarter. Achmea Investment Management B.V. increased its holdings in shares of GAP by 3.6% in the second quarter. Achmea Investment Management B.V. now owns 82,725 shares of the apparel retailer’s stock worth $1,486,000 after purchasing an additional 2,874 shares during the last quarter. Finally, Altshuler Shaham Ltd increased its holdings in shares of GAP by 24.5% in the second quarter. Altshuler Shaham Ltd now owns 70,598 shares of the apparel retailer’s stock worth $1,269,000 after purchasing an additional 13,903 shares during the last quarter. Institutional investors own 60.13% of the company’s stock.

GPS has been the topic of several research reports. Bank of America set a $14.00 target price on GAP and gave the stock a “sell” rating in a report on Friday, August 23rd. Morgan Stanley reduced their target price on GAP from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. Jefferies Financial Group set a $37.00 target price on GAP and gave the stock a “buy” rating in a report on Friday, August 23rd. Zacks Investment Research raised GAP from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Finally, Royal Bank of Canada set a $22.00 target price on GAP and gave the stock a “hold” rating in a report on Friday, May 31st. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. GAP presently has an average rating of “Hold” and a consensus target price of $23.83.

In other news, CEO Mcneil S. Fiske, Jr. sold 16,183 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $18.00, for a total transaction of $291,294.00. Following the transaction, the chief executive officer now owns 32,500 shares of the company’s stock, valued at $585,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 37.60% of the company’s stock.

Shares of NYSE GPS opened at $16.86 on Friday. The business’s 50 day moving average is $17.43 and its two-hundred day moving average is $21.50. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.46 and a quick ratio of 0.72. Gap Inc has a 1-year low of $15.11 and a 1-year high of $31.39. The stock has a market capitalization of $6.38 billion, a P/E ratio of 7.45, a PEG ratio of 0.91 and a beta of 0.71.

GAP (NYSE:GPS) last issued its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.11. GAP had a return on equity of 24.53% and a net margin of 5.71%. The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities research analysts anticipate that Gap Inc will post 2.06 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Wednesday, October 9th will be paid a dividend of $0.243 per share. This is a boost from GAP’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 5.77%. GAP’s dividend payout ratio is currently 37.45%.

About GAP

The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Hill City brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.

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Institutional Ownership by Quarter for GAP (NYSE:GPS)

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