Prudential Financial Inc. raised its stake in shares of Gap, Inc. (The) (NYSE:GPS) by 202.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,801,842 shares of the apparel retailer’s stock after buying an additional 2,543,850 shares during the period. Prudential Financial Inc. owned approximately 0.96% of Gap, Inc. (The) worth $83,603,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Aviva PLC boosted its position in Gap, Inc. (The) by 1.4% in the second quarter. Aviva PLC now owns 143,443 shares of the apparel retailer’s stock valued at $3,156,000 after buying an additional 1,920 shares during the period. Victory Capital Management Inc. boosted its position in Gap, Inc. (The) by 15.2% in the second quarter. Victory Capital Management Inc. now owns 152,492 shares of the apparel retailer’s stock valued at $3,353,000 after buying an additional 20,123 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Gap, Inc. (The) by 2.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 726,562 shares of the apparel retailer’s stock valued at $15,977,000 after buying an additional 16,410 shares during the period. GAM Holding AG boosted its position in Gap, Inc. (The) by 171.5% in the second quarter. GAM Holding AG now owns 255,320 shares of the apparel retailer’s stock valued at $5,614,000 after buying an additional 161,276 shares during the period. Finally, Federated Investors Inc. PA boosted its position in Gap, Inc. (The) by 2.5% in the second quarter. Federated Investors Inc. PA now owns 281,441 shares of the apparel retailer’s stock valued at $6,189,000 after buying an additional 6,838 shares during the period. Institutional investors own 57.30% of the company’s stock.

Gap, Inc. (NYSE:GPS) opened at 23.77 on Friday. Gap, Inc. has a 52 week low of $21.02 and a 52 week high of $30.74. The company has a market cap of $9.32 billion, a PE ratio of 11.32 and a beta of 0.87. The company’s 50-day moving average price is $23.19 and its 200 day moving average price is $23.70.

Gap, Inc. (The) (NYSE:GPS) last posted its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company posted $0.60 EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts anticipate that Gap, Inc. will post $2.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio (DPR) is presently 43.81%.

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Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday. Robert W. Baird reiterated a “neutral” rating and set a $26.00 target price on shares of Gap, Inc. (The) in a research note on Sunday, August 20th. Instinet reiterated a “neutral” rating and set a $25.00 target price on shares of Gap, Inc. (The) in a research note on Sunday, August 20th. Bank of America Corporation reiterated an “underperform” rating and set a $20.00 target price (up from $19.00) on shares of Gap, Inc. (The) in a research note on Sunday, August 20th. Finally, Deutsche Bank AG increased their target price on Gap, Inc. (The) from $23.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $25.67.

In other news, EVP Paul Joseph Chapman sold 4,898 shares of Gap, Inc. (The) stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total value of $111,772.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 7,898 shares of company stock valued at $180,332. Corporate insiders own 27.30% of the company’s stock.

Gap, Inc. (The) Company Profile

The Gap, Inc (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, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

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Institutional Ownership by Quarter for Gap, Inc. (The) (NYSE:GPS)

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