GAP Sees Unusually Large Options Volume (GPS)

Gap Inc (NYSE:GPS) was the target of unusually large options trading on Monday. Investors purchased 11,243 call options on the company. This is an increase of 785% compared to the typical daily volume of 1,270 call options.

GAP (NYSE GPS) opened at $33.17 on Thursday. The company has a quick ratio of 0.77, a current ratio of 1.73 and a debt-to-equity ratio of 0.41. GAP has a 52 week low of $21.02 and a 52 week high of $35.24. The company has a market capitalization of $12,900.00, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94.

GAP (NYSE:GPS) last issued its earnings results on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. GAP had a return on equity of 27.47% and a net margin of 5.57%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. GAP’s quarterly revenue was up 1.1% compared to the same quarter last year. equities research analysts predict that GAP will post 2.1 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be paid a $0.23 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 2.77%. GAP’s payout ratio is currently 42.20%.

In other news, CEO Jeff Kirwan sold 1,000 shares of GAP stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $26.11, for a total transaction of $26,110.00. Following the sale, the chief executive officer now directly owns 24,268 shares of the company’s stock, valued at $633,637.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Katherine Tsang sold 20,000 shares of GAP stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $29.48, for a total value of $589,600.00. Following the sale, the director now directly owns 783 shares in the company, valued at $23,082.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,549,690 shares of company stock worth $48,798,813. Corporate insiders own 27.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Ffcm LLC boosted its position in shares of GAP by 198.0% during the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock worth $121,000 after buying an additional 3,519 shares during the period. Howe & Rusling Inc. acquired a new position in shares of GAP during the third quarter worth approximately $190,000. AE Wealth Management LLC acquired a new position in shares of GAP during the third quarter worth approximately $223,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of GAP during the third quarter worth approximately $229,000. Finally, LMR Partners LLP acquired a new position in shares of GAP during the third quarter worth approximately $231,000. Institutional investors and hedge funds own 54.58% of the company’s stock.

GPS has been the subject of several research analyst reports. Zacks Investment Research raised GAP from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Thursday, September 21st. Jefferies Group reissued a “buy” rating and issued a $39.00 price objective (up from $35.00) on shares of GAP in a report on Thursday, September 7th. ValuEngine raised GAP from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. KeyCorp reissued a “buy” rating and issued a $33.00 price objective on shares of GAP in a report on Tuesday, September 26th. Finally, Oppenheimer set a $33.00 price objective on GAP and gave the company a “buy” rating in a report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. GAP currently has a consensus rating of “Hold” and an average price target of $28.37.

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About GAP

The Gap, Inc (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, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

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