Miles Capital adds Gap Inc (GPS) to its portfolio

Gap Inc (GPS) : Miles Capital added new position in Gap Inc during the most recent quarter end. The investment management firm now holds 44,064 shares of Gap Inc which is valued at $1,101,159 , the company said in a statement filed on Aug 11, 2016 with the SEC.Gap Inc makes up approximately 0.73% of Miles Capital’s portfolio.

Other Hedge Funds, Including , Norinchukin Bank The boosted its stake in GPS in the latest quarter, The investment management firm added 61,409 additional shares and now holds a total of 73,022 shares of Gap Inc which is valued at $1,824,090. Gap Inc makes up approx 0.04% of Norinchukin Bank The’s portfolio.Dekabank Deutsche Girozentrale boosted its stake in GPS in the latest quarter, The investment management firm added 47,263 additional shares and now holds a total of 68,952 shares of Gap Inc which is valued at $1,767,929. Gap Inc makes up approx 0.02% of Dekabank Deutsche Girozentrale’s portfolio.Pggm Investments boosted its stake in GPS in the latest quarter, The investment management firm added 751,688 additional shares and now holds a total of 1,695,205 shares of Gap Inc which is valued at $43,363,344. Gap Inc makes up approx 0.22% of Pggm Investments’s portfolio. Miller Howard Investments Inc Ny added GPS to its portfolio by purchasing 40,823 company shares during the most recent quarter which is valued at $993,632. Gap Inc makes up approx 0.02% of Miller Howard Investments Inc Ny’s portfolio.

Gap Inc opened for trading at $27 and hit $27.19 on the upside on Tuesday, eventually ending the session at $26.99, with a gain of 0.48% or 0.13 points. The heightened volatility saw the trading volume jump to 49,02,221 shares. Company has a market cap of $10,741 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.

Investors should note that on Aug 11, 2016, Gap Inc announced a cash dividend of $0.2300. The company’s management has announced Oct 3, 2016 as the ex-dividend date and fixed the record date on Oct 5, 2016. The payable date has been fixed on Oct 26, 2016.

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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