Skybridge Capital Ii adds Gap Inc (GPS) to its portfolio

Gap Inc (GPS) : Skybridge Capital Ii added new position in Gap Inc during the most recent quarter end. The investment management firm now holds 529,161 shares of Gap Inc which is valued at $13,557,105 , the company said in a statement filed on Aug 9, 2016 with the SEC.Gap Inc makes up approximately 3.36% of Skybridge Capital Ii’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in GPS in the latest quarter, The investment management firm added 558,824 additional shares and now holds a total of 1,716,169 shares of Gap Inc which is valued at $43,968,250. Gap Inc makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio.Diam Ltd. boosted its stake in GPS in the latest quarter, The investment management firm added 3,115 additional shares and now holds a total of 24,680 shares of Gap Inc which is valued at $617,247. Gap Inc makes up approx 0.01% of Diam Ltd.’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. Mizuho Securities Usa sold out all of its stake in GPS during the most recent quarter. The investment firm sold 16,500 shares of GPS which is valued $401,610.

Gap Inc opened for trading at $24.9 and hit $25.51 on the upside on Wednesday, eventually ending the session at $25.46, with a gain of 1.27% or 0.32 points. The heightened volatility saw the trading volume jump to 51,37,910 shares. Company has a market cap of $10,132 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 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 .Wolfe Research Upgraded Gap Inc on Jul 26, 2016 to ” Outperform”, Price Target of the shares are set at $30.

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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