Central Pacific Bank Trust Division Makes New $335,000 Investment in The Gap, Inc. (NYSE:GPS)

Central Pacific Bank Trust Division bought a new position in The Gap, Inc. (NYSE:GPS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,300 shares of the apparel retailer’s stock, valued at approximately $335,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of GAP in the fourth quarter valued at approximately $42,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of GAP in the fourth quarter valued at approximately $73,000. VitalStone Financial LLC bought a new position in shares of GAP in the fourth quarter valued at approximately $197,000. Ontario Teachers Pension Plan Board bought a new position in shares of GAP in the fourth quarter valued at approximately $220,000. Finally, United Services Automobile Association bought a new position in shares of GAP in the fourth quarter valued at approximately $349,000. Institutional investors own 58.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Tracy Gardner sold 2,934 shares of GAP stock in a transaction on Monday, July 1st. The shares were sold at an average price of $23.48, for a total value of $68,890.32. Following the transaction, the director now owns 51,901 shares in the company, valued at approximately $1,218,635.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Katrina O’connell sold 20,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $29.01, for a total transaction of $580,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Tracy Gardner sold 2,934 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $23.48, for a total transaction of $68,890.32. Following the transaction, the director now owns 51,901 shares in the company, valued at approximately $1,218,635.48. The disclosure for this sale can be found here. Insiders have sold 23,132 shares of company stock worth $654,003 in the last quarter. 31.00% of the stock is currently owned by company insiders.

GAP Stock Down 0.7 %

Shares of GAP stock traded down $0.17 during midday trading on Tuesday, reaching $23.27. 6,232,073 shares of the company’s stock traded hands, compared to its average volume of 7,860,170. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 3.96 and a beta of 2.38. The company’s 50 day simple moving average is $23.61 and its 200 day simple moving average is $22.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.80 and a current ratio of 1.50. The Gap, Inc. has a 52 week low of $8.90 and a 52 week high of $30.75.

GAP (NYSE:GPS) last announced its earnings results on Thursday, May 30th. The apparel retailer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.14 by $0.27. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.29 billion. GAP had a net margin of 4.52% and a return on equity of 27.57%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 EPS. Equities analysts expect that The Gap, Inc. will post 1.74 earnings per share for the current fiscal year.

GAP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $0.60 annualized dividend and a yield of 2.58%. GAP’s dividend payout ratio (DPR) is presently 33.33%.

Analysts Set New Price Targets

GPS has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of GAP from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Barclays increased their target price on shares of GAP from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, June 3rd. Robert W. Baird increased their target price on shares of GAP from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, May 31st. Jefferies Financial Group increased their target price on shares of GAP from $17.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, May 31st. Finally, Cowen increased their target price on shares of GAP from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $25.98.

About GAP

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.