Gap Inc (NYSE:GPS) Position Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in shares of Gap Inc (NYSE:GPS) by 89.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 28,214 shares of the apparel retailer’s stock after acquiring an additional 13,348 shares during the quarter. Janney Montgomery Scott LLC’s holdings in GAP were worth $490,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stephens Inc. AR raised its holdings in GAP by 65.0% during the second quarter. Stephens Inc. AR now owns 64,942 shares of the apparel retailer’s stock valued at $1,167,000 after buying an additional 25,581 shares in the last quarter. First Trust Advisors LP increased its stake in shares of GAP by 37.4% in the second quarter. First Trust Advisors LP now owns 1,165,242 shares of the apparel retailer’s stock worth $20,939,000 after purchasing an additional 317,473 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of GAP by 16.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 79,708 shares of the apparel retailer’s stock worth $1,432,000 after purchasing an additional 11,500 shares during the period. Bank of Montreal Can increased its stake in shares of GAP by 14.6% in the second quarter. Bank of Montreal Can now owns 1,475,280 shares of the apparel retailer’s stock worth $26,510,000 after purchasing an additional 187,536 shares during the period. Finally, Cognios Capital LLC increased its stake in shares of GAP by 45.0% in the second quarter. Cognios Capital LLC now owns 121,091 shares of the apparel retailer’s stock worth $2,175,000 after purchasing an additional 37,572 shares during the period. Institutional investors own 59.86% of the company’s stock.

A number of equities analysts have recently commented on GPS shares. Barclays started coverage on GAP in a research note on Tuesday. They issued an “underweight” rating and a $14.00 price objective on the stock. MKM Partners set a $18.00 price objective on GAP and gave the stock a “hold” rating in a research note on Friday, September 13th. Guggenheim reiterated a “hold” rating on shares of GAP in a research note on Thursday, September 12th. B. Riley set a $21.00 price objective on GAP and gave the stock a “hold” rating in a research note on Friday, September 13th. Finally, Wedbush dropped their price objective on GAP from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Monday. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $19.07.

GPS stock opened at $16.74 on Thursday. Gap Inc has a twelve month low of $15.11 and a twelve month high of $31.39. The company has a market cap of $6.42 billion, a PE ratio of 6.46, a price-to-earnings-growth ratio of 1.04 and a beta of 0.71. The business’s 50-day simple moving average is $17.04 and its 200 day simple moving average is $18.66. The company has a quick ratio of 0.72, a current ratio of 1.46 and a debt-to-equity ratio of 1.90.

GAP (NYSE:GPS) last released its earnings results on Thursday, August 22nd. The apparel retailer reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. GAP had a return on equity of 24.53% and a net margin of 5.71%. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the business earned $0.76 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Gap Inc will post 1.77 EPS for the current year.

GAP Profile

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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