Gap Del (GPS) Holder Verition Fund Management Has Lowered Holding as Share Price Declined; Arrowgrass Capital Partners LP Decreased Its Holding in Stanley Black & Decker (SWK) by $306,000 as Market Valuation Declined

June 17, 2018 - By Michael Collier

The Gap, Inc. (NYSE:GPS) Logo

Verition Fund Management Llc decreased its stake in Gap Inc Del (GPS) by 48.7% based on its latest 2018Q1 regulatory filing with the SEC. Verition Fund Management Llc sold 9,997 shares as the company’s stock declined 12.39% with the market. The hedge fund held 10,532 shares of the consumer services company at the end of 2018Q1, valued at $329,000, down from 20,529 at the end of the previous reported quarter. Verition Fund Management Llc who had been investing in Gap Inc Del for a number of months, seems to be less bullish one the $12.26B market cap company. The stock increased 0.96% or $0.3 during the last trading session, reaching $31.63. About 5.34M shares traded. The Gap, Inc. (NYSE:GPS) has risen 27.84% since June 17, 2017 and is uptrending. It has outperformed by 15.27% the S&P500. Some Historical GPS News: 16/05/2018 – The gap between environmental concern and consumer action is poised to shrink as tech-minded millennials make green choices in their daily lives; 24/05/2018 – GAP INC GPS.N – CO SAYS FACED SOME CHALLENGES IN QTR, INCLUDING GAP BRAND OPERATING ISSUES AND UNSEASONABLY COLD AND SNOWY WEATHER; 19/04/2018 – Rubicon Named Among Glassdoor’s “11 Companies with Seriously lmpressive Benefits”; 14/05/2018 – Gap apologises for selling T-shirt with “incorrect map” of China; 16/05/2018 – North Korea Wavers on U.S. Summit, Accentuating the Gap Over Nuclear Weapons; 23/05/2018 – GAP INC GPS.N SETS QUARTERLY DIVIDEND OF $0.2425/SHR; 08/05/2018 – Bridging the Gap Between Mothers and Daughters in Iran; 08/03/2018 – Old Navy “Flower Empowers” NYC’s Historical Female Statues In Celebration Of International Women’s Day; 13/03/2018 – Alnylam Unveils Resources to `Bridge the Gap’ in Knowledge of Hereditary ATTR (hATTR) Amyloidosis Among Families at Risk; 01/05/2018 – Fill-The-Gap Portfolio News Developments

Nick Niell decreased its stake in Stanley Black & Decker Inc (SWK) by 3.85% based on its latest 2018Q1 regulatory filing with the SEC. Arrowgrass Capital Partners Lp sold 2,000 shares as the company’s stock declined 10.04% with the market. The hedge fund run by Nick Niell held 50,000 shares of the capital goods company at the end of 2018Q1, valued at $7.66M, down from 52,000 at the end of the previous reported quarter. Arrowgrass Capital Partners Lp who had been investing in Stanley Black & Decker Inc for a number of months, seems to be less bullish one the $21.90 billion market cap company. The stock decreased 0.24% or $0.34 during the last trading session, reaching $141.95. About 2.20M shares traded or 70.76% up from the average. Stanley Black & Decker, Inc. (NYSE:SWK) has risen 7.55% since June 17, 2017 and is uptrending. It has underperformed by 5.02% the S&P500. Some Historical SWK News: 20/04/2018 – STANLEY BLACK & DECKER – 2018 OUTLOOK INCLUDES ORGANIC GROWTH OF 5%; 18/05/2018 – Garage Equipment Market: 2018 Global Procurement Intelligence Report – Key Players are Stanley Black & Decker, Snap-on, Fortive, APEX Tool, and Bosch – ResearchAndMarkets.com; 09/05/2018 – Stanley Black Presenting at JPMorgan Conference May 15; 20/04/2018 – STANLEY BLACK 1Q ADJ EPS $1.39, EST. $1.35; 07/05/2018 – Stanley Black & Decker to Offer Skillsoft’s Business Skills Training Globally; 20/04/2018 – Stanley Black & Decker 1Q EPS $1.11; 20/04/2018 – STANLEY BLACK & DECKER-2018 OUTLOOK INCLUDES ADJ EPS GROWTH OF 11% – 14% VS PRIOR YR,WHILE OFFSETTING ABOUT $180 MLN OF COMMODITY INFLATION HEADWINDS; 15/05/2018 – Stanley Black at Electrical Products Group Conference May 21; 02/05/2018 – Wells Fargo Bank NA Exits Position in Stanley Black; 19/04/2018 – DJ Stanley Black & Decker Inc, Inst Holders, 1Q 2018 (SWK)

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.13, from 1.03 in 2017Q4. It turned negative, as 49 investors sold SWK shares while 234 reduced holdings. 68 funds opened positions while 188 raised stakes. 124.36 million shares or 1.24% less from 125.92 million shares in 2017Q4 were reported. Creative Planning has invested 0.01% in Stanley Black & Decker, Inc. (NYSE:SWK). Canada Pension Plan Board holds 0.19% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK) for 740,115 shares. Shell Asset Mgmt stated it has 9,748 shares or 0.03% of all its holdings. Janney Capital Ltd Com holds 0.02% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK) for 3,066 shares. Fruth Investment has invested 0.47% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK). Citigroup has invested 0.07% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK). Canandaigua Financial Bank Tru Co accumulated 0.03% or 1,577 shares. Cutter And Com Brokerage Inc holds 0.11% or 1,775 shares in its portfolio. Reynders Mcveigh Capital Ltd Llc stated it has 470 shares or 0% of all its holdings. Massachusetts Fincl Svcs Ma accumulated 3.80M shares or 0.25% of the stock. Great West Life Assurance Communication Can invested 0.04% of its portfolio in Stanley Black & Decker, Inc. (NYSE:SWK). Cornerstone Advsr accumulated 0.07% or 4,000 shares. Goelzer Investment Mgmt owns 33,610 shares for 0.62% of their portfolio. Tradewinds Ltd Liability Com has invested 0.09% in Stanley Black & Decker, Inc. (NYSE:SWK). 3,727 are held by Advisor Prtn Ltd Liability.

Analysts await Stanley Black & Decker, Inc. (NYSE:SWK) to report earnings on July, 23. They expect $2.03 EPS, up 1.00% or $0.02 from last year’s $2.01 per share. SWK’s profit will be $313.24M for 17.48 P/E if the $2.03 EPS becomes a reality. After $1.39 actual EPS reported by Stanley Black & Decker, Inc. for the previous quarter, Wall Street now forecasts 46.04% EPS growth.

Arrowgrass Capital Partners Lp, which manages about $14.76 billion and $2.92 billion US Long portfolio, upped its stake in Depomed Inc (Prn) by 5,272 shares to 27,341 shares, valued at $9.37M in 2018Q1, according to the filing. It also increased its holding in Amazon Com Inc (NASDAQ:AMZN) by 33,703 shares in the quarter, for a total of 38,103 shares, and has risen its stake in Honeywell Intl Inc (NYSE:HON).

More important recent Stanley Black & Decker, Inc. (NYSE:SWK) news were published by: Fool.com which released: “Craftsman Tools at Lowe’s: Bad News for Sears Holdings” on May 20, 2018, also Finance.Yahoo.com published article titled: “3 Days Left To Stanley Black & Decker Inc (NYSE:SWK)’s Ex-Dividend Date, Should You Buy?”, Finance.Yahoo.com published: “3 Top Stocks Wall Street Is Overlooking” on June 01, 2018. More interesting news about Stanley Black & Decker, Inc. (NYSE:SWK) was released by: Gurufocus.com and their article: “John Rogers’ Ariel Investments May Commentary” with publication date: June 12, 2018.

Among 25 analysts covering Stanley Black & Decker (NYSE:SWK), 20 have Buy rating, 0 Sell and 5 Hold. Therefore 80% are positive. Stanley Black & Decker had 64 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Stanley Black & Decker, Inc. (NYSE:SWK) earned “Neutral” rating by Goldman Sachs on Friday, June 10. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, April 21. The firm has “Overweight” rating by Barclays Capital given on Monday, April 23. The rating was upgraded by KeyCorp on Monday, April 24 to “Overweight”. The firm earned “Buy” rating on Wednesday, October 18 by Zelman. Imperial Capital maintained the shares of SWK in report on Friday, October 23 with “In-Line” rating. As per Monday, October 12, the company rating was maintained by Argus Research. The rating was upgraded by Morgan Stanley on Monday, October 2 to “Overweight”. The rating was maintained by Morgan Stanley on Monday, April 23 with “Overweight”. Buckingham Research initiated the shares of SWK in report on Monday, September 21 with “Neutral” rating.

Since March 5, 2018, it had 1 insider buy, and 1 sale for $447,181 activity. VOELKER JOSEPH R also sold $497,329 worth of Stanley Black & Decker, Inc. (NYSE:SWK) shares.

Investors sentiment increased to 1.13 in Q1 2018. Its up 0.15, from 0.98 in 2017Q4. It is positive, as 38 investors sold GPS shares while 133 reduced holdings. 57 funds opened positions while 136 raised stakes. 212.53 million shares or 1.83% more from 208.71 million shares in 2017Q4 were reported. New York State Common Retirement Fund reported 0.02% in The Gap, Inc. (NYSE:GPS). Macquarie Group Limited invested in 0% or 21,400 shares. Balyasny Asset Mgmt Limited Liability Com accumulated 0.01% or 89,267 shares. Moreover, D E Shaw And has 0.02% invested in The Gap, Inc. (NYSE:GPS). Convergence Investment Prtnrs Ltd Liability Corp holds 1,645 shares. Clifford Swan Inv Counsel Lc, California-based fund reported 72,895 shares. Peak6 Investments LP accumulated 35,257 shares or 0% of the stock. James Rech accumulated 62,966 shares. Texas Permanent School Fund invested in 56,285 shares. New England Research And Mgmt has invested 0.29% of its portfolio in The Gap, Inc. (NYSE:GPS). Utah Retirement reported 0.03% stake. Stratos Wealth Prns holds 0.02% or 17,485 shares in its portfolio. Miles Cap Incorporated stated it has 43,520 shares or 0.75% of all its holdings. Alphaone Invest Ser Lc holds 0% or 452 shares in its portfolio. Mississippi-based Hancock has invested 0.58% in The Gap, Inc. (NYSE:GPS).

Analysts await The Gap, Inc. (NYSE:GPS) to report earnings on August, 16. They expect $0.72 earnings per share, up 24.14% or $0.14 from last year’s $0.58 per share. GPS’s profit will be $278.99 million for 10.98 P/E if the $0.72 EPS becomes a reality. After $0.42 actual earnings per share reported by The Gap, Inc. for the previous quarter, Wall Street now forecasts 71.43% EPS growth.

Since February 1, 2018, it had 1 insider buy, and 11 insider sales for $57.85 million activity. Syngal Sonia also sold $954,780 worth of The Gap, Inc. (NYSE:GPS) shares. 500,000 The Gap, Inc. (NYSE:GPS) shares with value of $16.05 million were sold by FISHER WILLIAM SYDNEY. Hyder Brent also sold $192,921 worth of The Gap, Inc. (NYSE:GPS) shares. $2.53 million worth of stock was sold by Chapman Paul Joseph on Wednesday, March 21. FISHER JOHN J sold $17.22M worth of stock. $168,742 worth of The Gap, Inc. (NYSE:GPS) was bought by GOLDNER BRIAN.

Verition Fund Management Llc, which manages about $1.22 billion and $1.34B US Long portfolio, upped its stake in Sempra Energy (NYSE:SRE) by 102,838 shares to 108,000 shares, valued at $12.01M in 2018Q1, according to the filing. It also increased its holding in D R Horton Inc (NYSE:DHI) by 24,251 shares in the quarter, for a total of 28,966 shares, and has risen its stake in Norwegian Cruise Line Hldgs (NASDAQ:NCLH).

Stanley Black & Decker, Inc. (NYSE:SWK) Institutional Positions Chart

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