Fruth Investment Management Lowers stake in Gap Inc (GPS)

Gap Inc (GPS) : Fruth Investment Management reduced its stake in Gap Inc by 1.15% during the most recent quarter end. The investment management company now holds a total of 51,750 shares of Gap Inc which is valued at $1,374,480 after selling 600 shares in Gap Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Gap Inc makes up approximately 0.70% of Fruth Investment Management’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in GPS in the latest quarter, The investment management firm added 39,407 additional shares and now holds a total of 139,680 shares of Gap Inc which is valued at $3,690,346. Gap Inc makes up approx 0.08% of Oregon Public Employees Retirement Fund’s portfolio.Carroll Financial Associates reduced its stake in GPS by selling 60 shares or 27.65% in the most recent quarter. The Hedge Fund company now holds 157 shares of GPS which is valued at $4,148.Hefty Wealth Partners reduced its stake in GPS by selling 24,019 shares or 38.23% in the most recent quarter. The Hedge Fund company now holds 38,814 shares of GPS which is valued at $874,479. Gap Inc makes up approx 0.67% of Hefty Wealth Partners’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in GPS in the latest quarter, The investment management firm added 15,647 additional shares and now holds a total of 154,810 shares of Gap Inc which is valued at $3,487,869. Gap Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Gap Inc opened for trading at $26.34 and hit $26.7699 on the upside on Tuesday, eventually ending the session at $26.56, with a gain of 0.53% or 0.14 points. The heightened volatility saw the trading volume jump to 44,77,273 shares. Company has a market cap of $10,584 M.

On the company’s financial health, Gap Inc reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.59. The company had revenue of $3851.00 million for the quarter, compared to analysts expectations of $3778.31 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on Gap Inc. Company shares were Reiterated by Wedbush on Aug 19, 2016 to “Neutral”, Firm has raised the Price Target to $ 25 from a previous price target of $20 .Company shares were Reiterated by RBC Capital Mkts on Aug 9, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 23 from a previous price target of $20 .Company shares were Upgraded by Mizuho on Aug 9, 2016 to ” Neutral”, Firm has raised the Price Target to $ 24 from a previous price target of $17 .

The 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 Piperlime Athleta and Intermix brands. In addition to operating in the specialty outlet online and franchise channels Gap Inc. is an apparel retailer in using omni-channel capabilities for digital world and physical stores. Its omni-channel services include order-in-store reserve-in-store find-in-store and ship-from-store that are tailored across its portfolio of brands. Gap includes GapKids babyGap GapMaternity GapBody and GapFit collections. It also offers handbags shoes jewelry eyewear and personal care products among others. It has Company-operated stores in the United States Canada the United Kingdom France Ireland Japan Italy China and Hong Kong. It operates Gap Banana Republic and Old Navy stores throughout Asia Australia Europe Latin America the Middle East and Africa.

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