The Gap, Inc. (GPS): Getting Un-Liked By Institutional Investors?

The Gap, Inc. (NYSE:GPS) recovered 6.19% of its value since hitting low of $24.25. The recent move of -0.04% drop pushed the stock to close at $25.75 when trading ended on 01/02/2019. At recent session, the prices were hovering between $25.3 and $26. This company shares are 14.95% off its target price of $29.6 and the current market capitalization stands at $9.79B. The recent change has given its price a -3.04% deficit over SMA 50 and -27.83% deficit over its 52-week high. The stock witnessed -3.38% declines, -10.34% declines and -18.85% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GPS’s volatility during a week at 3.28% and during a month it has been found around 3.58%.

The Gap, Inc. (GPS) Top Holders

Institutional investors currently hold around $5.59 billion or 59.6% in GPS stock. Look at its top three institutional owners. Vanguard Group Inc owns $716.71 million in The Gap, Inc., which represents roughly 7.32% of the company’s market cap and approximately 12.81% of the institutional ownership. Similar statistics are true for the second largest owner, American International Group Inc, which owns 16,231,211 shares of the stock are valued at $418.12 million. The third largest holder is Blackrock Inc., which currently holds $403.72 million worth of this stock and that ownership represents nearly 4.12% of its market capitalization.

The Gap, Inc. 13F Filings

At the end of September reporting period, 223 institutional holders increased their position in The Gap, Inc. (NYSE:GPS) by some 27,421,943 shares, 260 decreased positions by 33,157,117 and 81 held positions by 156,558,647. That puts total institutional holdings at 217,137,707 shares, according to SEC filings. The stock grabbed 56 new institutional investments totaling 4,168,638 shares while 80 institutional investors sold out their entire positions totaling 11,469,355 shares.

The Gap, Inc. (NYSE:GPS) Insider Trades

Multiple company employees have indulged in significant insider trading. The Gap, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director, 10% Owner Fisher William Sydney has sold 1,000,000 shares of The Gap, Inc. (GPS) in trading session dated Jun. 19, 2018. These shares are worth $32,370,000 and were traded at $32.37 each. The SEC filing shows that Fisher Robert J performed a sale of 500,000 shares. The Director, 10% Owner disposed these shares by way of transaction on Apr. 04, 2018. The company’s shares were given away at $31.28 per share worth to an income of some $15,640,000 on account of Fisher Robert J.

VP & Chief Accounting Officer, Bazzano Dara, sold 508 common shares of The Gap, Inc. (GPS) in the open market. In a transaction dated Apr. 03, 2018, the shares were put up for sale at an average price of $31.02, raking in a sum of $15,758. After this sale, common shares of GPS are directly owned by the insider, with total stake valued at $.

In the transaction dated Mar. 22, 2018, the great number of shares disposed came courtesy the Director, 10% Owner; Fisher William Sydney disposed a total of 500,000 shares at an average price of $32.1, amounting to approximately $16,050,000. The insider now directly owns 38,922,033 shares worth $1,002,000,000.

The Gap, Inc. (GPS) Analyst Guide

Several analysts have released their opinion on The Gap, Inc. (NYSE:GPS), with 1 analysts believing it is a strong buy. Whereas 19 of them predict the stock is a hold. Also, there are 2 buy, 3 sell and 0 strong sell ratings, collectively assigning a 2.96 average brokerage recommendation.