Stock Traders Purchase Large Volume of GAP Call Options (NYSE:GAP)

The Gap, Inc. (NYSE:GAP) was the recipient of unusually large options trading on Tuesday. Stock investors bought 16,391 call options on the stock. This is an increase of 54% compared to the typical volume of 10,622 call options.

GAP Stock Down 1.7 %

GAP stock opened at $21.00 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 1.23 and a beta of 2.35. The firm has a 50-day moving average price of $21.27. GAP has a 12 month low of $17.51 and a 12 month high of $30.75.

GAP (NYSE:GAP) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.15. GAP had a net margin of 5.05% and a return on equity of 28.89%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. Equities analysts predict that GAP will post 1.88 EPS for the current year.

GAP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.86%. The ex-dividend date is Wednesday, January 8th. GAP’s dividend payout ratio is presently 29.70%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GAP. JPMorgan Chase & Co. raised their target price on shares of GAP from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 price target on shares of GAP in a research note on Monday. Wells Fargo & Company lowered their target price on shares of GAP from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Finally, Argus upgraded GAP to a “hold” rating in a research note on Thursday, September 19th.

Insider Buying and Selling

In other news, CEO Horacio Barbeito sold 75,385 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $1,507,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.00% of the stock is owned by company insiders.

GAP Company Profile

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 adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.