Traders Purchase High Volume of GAP Call Options (NYSE:GPS)

The Gap, Inc. (NYSE:GPSGet Rating) was the target of unusually large options trading on Thursday. Stock investors acquired 23,912 call options on the stock. This represents an increase of 103% compared to the typical volume of 11,796 call options.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GPS shares. Cowen lowered their target price on GAP from $12.00 to $10.00 and set a “market perform” rating for the company in a report on Wednesday, August 31st. Morgan Stanley lifted their price target on shares of GAP from $7.50 to $8.00 and gave the stock an “underweight” rating in a report on Friday, August 26th. Citigroup increased their price objective on GAP from $7.00 to $8.00 and gave the company a “sell” rating in a report on Friday, November 11th. Cowen dropped their target price on GAP from $12.00 to $10.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 31st. Finally, The Goldman Sachs Group increased their price target on GAP from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, August 26th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.62.

Insiders Place Their Bets

In other news, CEO Mary Beth Laughton sold 11,030 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $11.28, for a total transaction of $124,418.40. Following the transaction, the chief executive officer now owns 31,561 shares in the company, valued at $356,008.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 44.19% of the company’s stock.

Institutional Trading of GAP

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in shares of GAP by 12.2% during the 2nd quarter. Captrust Financial Advisors now owns 8,561 shares of the apparel retailer’s stock valued at $71,000 after acquiring an additional 930 shares during the period. Russell Investments Group Ltd. increased its position in shares of GAP by 2.3% in the third quarter. Russell Investments Group Ltd. now owns 53,690 shares of the apparel retailer’s stock valued at $438,000 after buying an additional 1,188 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of GAP by 14.2% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 13,161 shares of the apparel retailer’s stock worth $108,000 after buying an additional 1,634 shares during the period. Patriot Financial Group Insurance Agency LLC raised its stake in shares of GAP by 58.5% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,150 shares of the apparel retailer’s stock worth $42,000 after buying an additional 1,900 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in shares of GAP by 1.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 114,213 shares of the apparel retailer’s stock valued at $938,000 after buying an additional 2,005 shares in the last quarter. Institutional investors and hedge funds own 57.46% of the company’s stock.

GAP Price Performance

Shares of GPS opened at $12.71 on Friday. The business’s 50-day moving average is $10.13 and its two-hundred day moving average is $10.07. The company has a market capitalization of $4.62 billion, a P/E ratio of -12.58 and a beta of 1.80. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.50 and a current ratio of 1.37. GAP has a fifty-two week low of $7.79 and a fifty-two week high of $25.42.

GAP (NYSE:GPSGet Rating) last posted its earnings results on Thursday, November 17th. The apparel retailer reported $0.71 EPS for the quarter, topping the consensus estimate of $0.01 by $0.70. GAP had a negative return on equity of 1.48% and a negative net margin of 2.40%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the company earned $0.27 earnings per share. GAP’s revenue for the quarter was up 2.4% compared to the same quarter last year. Research analysts predict that GAP will post -0.28 earnings per share for the current year.

GAP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 4th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Tuesday, January 3rd. GAP’s dividend payout ratio is currently -59.41%.

GAP Company Profile

(Get Rating)

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.

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