The Gap Sees Unusually High Options Volume (GPS)
The Gap (NYSE:GPS) was the target of some unusual options trading activity on Thursday. Stock investors purchased 4,371 put options on the company, Analyst RN reports. This represents an increase of approximately 125% compared to the average volume of 1,943 put options.
In other The Gap news, EVP John T. Keiser unloaded 25,000 shares of The Gap stock on the open market in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $42.50, for a total transaction of $1,062,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on GPS shares. Analysts at Credit Suisse initiated coverage on shares of The Gap in a research note on Monday, August 11th. They set a “neutral” rating and a $44.00 price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of The Gap from $51.00 to $50.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Finally, analysts at Sterne Agee cut their price target on shares of The Gap from $47.00 to $46.00 in a research note on Friday, July 11th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $41.24.
Shares of The Gap (NYSE:GPS) traded up 0.16% on Thursday, hitting $43.18. The stock had a trading volume of 5,334,328 shares. The Gap has a 52-week low of $36.13 and a 52-week high of $44.59. The stock’s 50-day moving average is $40.89 and its 200-day moving average is $40.92. The company has a market cap of $19.030 billion and a price-to-earnings ratio of 16.50.
The Gap (NYSE:GPS) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.69 by $0.05. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts expect that The Gap will post $2.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 29th. Investors of record on Wednesday, October 8th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Monday, October 6th.
The Gap, Inc (NYSE:GPS),is a global specialty apparel company.
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