Gap Target of Unusually High Options Trading (GPS)
Gap (NYSE:GPS) was the target of unusually large options trading on Friday. Stock traders purchased 13,094 call options on the stock, AnalystRatings.NET reports. This is an increase of 234% compared to the average daily volume of 3,925 call options.
A number of analysts have recently weighed in on GPS shares. Analysts at Zacks reiterated a “neutral” rating on shares of Gap in a research note to investors on Wednesday, December 11th. They now have a $41.00 price target on the stock. Separately, analysts at Jefferies Group downgraded shares of Gap from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 6th. They now have a $40.00 price target on the stock, down previously from $51.00. Finally, analysts at Argus downgraded shares of Gap from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $42.88.
Shares of Gap (NYSE:GPS) opened at 39.52 on Monday. Gap has a 52 week low of $30.73 and a 52 week high of $46.56. The stock has a 50-day moving average of $39.83 and a 200-day moving average of $41.13. The company has a market cap of $17.743 billion and a price-to-earnings ratio of 13.81.
Gap (NYSE:GPS) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.01. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the company posted $0.63 earnings per share. Gap’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that Gap will post $2.69 EPS for the current fiscal year.
The Gap, Inc (NYSE:GPS) is a global specialty apparel company.
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