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

The Gap, Inc. (NYSE:GAPGet Free Report) was the target of some unusual options trading activity on Tuesday. Stock investors purchased 44,102 call options on the company. This is an increase of approximately 236% compared to the average volume of 13,116 call options.

Insider Buying and Selling at GAP

In other news, CFO Katrina O’connell sold 87,557 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $25.45, for a total transaction of $2,228,325.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder John J. Fisher sold 250,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $24.18, for a total transaction of $6,045,000.00. Following the completion of the transaction, the insider now owns 1,000,752 shares of the company’s stock, valued at $24,198,183.36. This trade represents a 19.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 955,375 shares of company stock valued at $24,316,219 in the last 90 days. 31.00% of the stock is currently owned by company insiders.

GAP Price Performance

GAP stock opened at $23.75 on Thursday. GAP has a 1 year low of $18.34 and a 1 year high of $30.75. The company has a market capitalization of $8.96 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.08 and a beta of 2.36. The business has a 50-day moving average of $23.56. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47.

GAP (NYSE:GAPGet Free Report) last released its earnings results on Thursday, November 21st. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.16. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.81 billion. GAP had a return on equity of 29.03% and a net margin of 5.40%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share. On average, equities research analysts expect that GAP will post 2.02 earnings per share for the current fiscal year.

GAP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Wednesday, January 8th. GAP’s dividend payout ratio is currently 27.78%.

Analyst Ratings Changes

GAP has been the subject of several research reports. Evercore ISI upped their target price on shares of GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Guggenheim reissued a “buy” rating and issued a $35.00 price target on shares of GAP in a research note on Friday, November 22nd. Argus raised shares of GAP to a “hold” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. raised shares of GAP from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $28.00 to $30.00 in a research note on Monday, December 2nd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $26.00 price target on shares of GAP in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.50.

Check Out Our Latest Stock Report on GAP

About GAP

(Get Free Report)

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.

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