As Gap INC Del (Call) (GPS) Share Value Declined, J Goldman & Company LP Has Increased Its Position by $28.32 Million

September 17, 2017 - By Marguerite Chambers

Investors sentiment decreased to 0.9 in Q4 2016. Its down 0.01, from 0.91 in 2016Q3. It turned negative, as 46 investors sold GPS shares while 142 reduced holdings. 57 funds opened positions while 112 raised stakes. 212.42 million shares or 2.65% less from 218.21 million shares in 2016Q3 were reported. Moreover, Dnb Asset Mgmt As has 0% invested in Gap Inc (NYSE:GPS). Massachusetts Services Ma stated it has 0.07% in Gap Inc (NYSE:GPS). Credit Suisse Ag holds 613,098 shares. Citadel Advisors Ltd Liability Com reported 0.01% of its portfolio in Gap Inc (NYSE:GPS). Mirae Asset Glob Invests Ltd holds 0.01% in Gap Inc (NYSE:GPS) or 10,510 shares. City has 0.01% invested in Gap Inc (NYSE:GPS) for 962 shares. Invesco Ltd holds 0.02% or 2.00 million shares. Stifel Financial Corp holds 0% of its portfolio in Gap Inc (NYSE:GPS) for 9,081 shares. Alyeska Group Inc LP owns 289,106 shares for 0.06% of their portfolio. Strs Ohio has 0% invested in Gap Inc (NYSE:GPS) for 3,384 shares. Homrich And Berg has 0.03% invested in Gap Inc (NYSE:GPS). Citigroup owns 595,400 shares. Amica Mutual Ins accumulated 19,525 shares or 0.04% of the stock. Shell Asset Management holds 14,265 shares or 0.01% of its portfolio. Motco reported 866 shares stake.

Since March 30, 2017, it had 0 insider buys, and 3 selling transactions for $12.43 million activity. 500,000 Gap Inc (NYSE:GPS) shares with value of $12.29M were sold by FISHER ROBERT J.

J Goldman & Company Lp increased its stake in Gap Inc Del (Call) (GPS) by 514.96% based on its latest 2016Q4 regulatory filing with the SEC. J Goldman & Company Lp bought 1.29M shares as the company’s stock declined 8.95% while stock markets rallied. The hedge fund held 1.54 million shares of the consumer services company at the end of 2016Q4, valued at $34.50M, up from 250,000 at the end of the previous reported quarter. J Goldman & Company Lp who had been investing in Gap Inc Del (Call) for a number of months, seems to be bullish on the $10.98 billion market cap company. The stock increased 0.68% or $0.19 on September 15, reaching $27.99. About 5.07 million shares traded. Gap Inc (NYSE:GPS) has risen 28.94% since September 17, 2016 and is uptrending. It has outperformed by 12.24% the S&P500.

J Goldman & Company Lp, which manages about $1.17B and $1.51B US Long portfolio, decreased its stake in Ishares Tr (Call) (IWM) by 1.00M shares to 32,500 shares, valued at $4.38 million in 2016Q4, according to the filing. It also reduced its holding in Csra Inc by 102,850 shares in the quarter, leaving it with 51,209 shares, and cut its stake in Melco Crown Entmt Ltd (NASDAQ:MPEL).

More notable recent Gap Inc (NYSE:GPS) news were published by: Nasdaq.com which released: “Gap, Inc. (GPS) Jumps: Stock Rises 7.5%” on September 07, 2017, also Businessinsider.com with their article: “We went to Gap’s Lululemon killer and saw why it could save the brand” published on September 08, 2017, Forbes.com published: “Shoppers Seem To Have Fallen Out Of Love With The Gap, And The Gap Appears To …” on September 07, 2017. More interesting news about Gap Inc (NYSE:GPS) were released by: Fortune.com and their article: “Gap Inc Is Closing 200 Stores but Opening 270 New Ones” published on September 06, 2017 as well as Forbes.com‘s news article titled: “As Gap Inc. Refocuses Its Business, There Is A Retail Industry Ripple Effect” with publication date: September 11, 2017.

Gap Inc (NYSE:GPS) Ratings Coverage

Among 33 analysts covering The Gap Inc. (NYSE:GPS), 5 have Buy rating, 5 Sell and 23 Hold. Therefore 15% are positive. The Gap Inc. has $48 highest and $16 lowest target. $28.53’s average target is 1.93% above currents $27.99 stock price. The Gap Inc. had 134 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Gap Inc (NYSE:GPS) has “Neutral” rating given on Wednesday, October 7 by Citigroup. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, April 19 report. The stock has “Buy” rating by Jefferies on Tuesday, September 12. The firm has “Neutral” rating given on Friday, August 19 by Wedbush. As per Tuesday, August 11, the company rating was maintained by Stifel Nicolaus. Morgan Stanley maintained Gap Inc (NYSE:GPS) rating on Tuesday, May 23. Morgan Stanley has “Underperform” rating and $20 target. The firm has “Underperform” rating given on Wednesday, September 30 by Bank of America. The stock of Gap Inc (NYSE:GPS) earned “Hold” rating by Stifel Nicolaus on Friday, May 20. The stock has “Hold” rating by RBC Capital Markets on Wednesday, July 5. As per Friday, August 19, the company rating was maintained by Citigroup.

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