Acropolis Investment Management boosted its position in shares of Gap Inc (NYSE:GPS) by 11.1% during the fourth quarter, according to its most recent disclosure with the SEC. The hedge fund owned 66,695 shares of the apparel retailer’s stock after buying an additional 6,670 shares during the period. Acropolis Investment Management’s holdings in Gap were worth $1,647,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ING Groep raised its position in Gap by 57.0% in the third quarter. ING Groep now owns 1,558,759 shares of the apparel retailer’s stock worth $44,417,000 after buying an additional 565,694 shares during the period. TrimTabs Asset Management bought a new position in Gap during the third quarter worth about $1,788,000. Denali Advisors raised its position in Gap by 35.7% in the fourth quarter. Denali Advisors now owns 136,000 shares of the apparel retailer’s stock worth $3,359,000 after buying an additional 35,800 shares during the period. Capstone Asset Management Company raised its position in Gap by 51.9% in the fourth quarter. Capstone Asset Management Company now owns 53,450 shares of the apparel retailer’s stock worth $1,320,000 after buying an additional 18,270 shares during the period. Finally, ID Management A bought a new position in Gap during the fourth quarter worth about $4,405,000.

Shares of Gap Inc (NYSE:GPS) traded down 2.70% on Monday, hitting $23.02. The company’s stock had a trading volume of 5,056,897 shares. Gap Inc has a 52 week low of $21.57 and a 52 week high of $43.90. The stock’s 50 day moving average is $24.88 and its 200-day moving average is $29.69. The company has a market cap of $9.25 billion and a price-to-earnings ratio of 9.42.

Gap (NYSE:GPS) last announced its quarterly earnings results on Thursday, November 19th. The apparel retailer reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. During the same quarter in the prior year, the firm earned $0.73 EPS. The firm earned $3.86 billion during the quarter. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Gap Inc will post $2.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Wednesday, January 6th will be paid a $0.23 dividend. The ex-dividend date is Monday, January 4th. This represents a $0.92 annualized dividend and a dividend yield of 3.89%.

A number of research analysts recently issued reports on the company. Robert W. Baird decreased their target price on Gap from $28.00 to $26.00 in a report on Tuesday, January 19th. RBC Capital decreased their target price on Gap from $26.00 to $23.00 and set a “sector perform” rating for the company in a report on Monday, January 11th. Piper Jaffray reiterated a “sell” rating on shares of Gap in a report on Saturday, January 9th. MKM Partners reaffirmed a “hold” rating and set a $25.00 price target (down from $27.00) on shares of Gap in a report on Saturday, January 9th. Finally, Bank of America reaffirmed a “hold” rating and set a $25.00 price target on shares of Gap in a report on Friday, January 8th. Seven equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.25.

In other news, CEO Arthur L. Peck purchased 37,150 shares of the company’s stock in a transaction on Monday, November 23rd. The shares were bought at an average price of $26.99 per share, for a total transaction of $1,002,678.50. Following the completion of the purchase, the chief executive officer now owns 129,260 shares of the company’s stock, valued at $3,488,727.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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.

12 Month Chart for NYSE:GPS

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