Gap, Inc. (The) Sees Unusually Large Options Volume (GPS)
Gap, Inc. (The) (NYSE:GPS) was the target of unusually large options trading on Monday. Stock investors acquired 619 put options on the company. This represents an increase of 443% compared to the average daily volume of 114 put options.
In other news, Director William Sydney Fisher sold 666,849 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $27.99, for a total transaction of $18,665,103.51. Following the completion of the sale, the director now owns 12,237,873 shares in the company, valued at $342,538,065.27. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Paul Joseph Chapman sold 4,898 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $22.82, for a total value of $111,772.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 676,682 shares of company stock valued at $18,903,910. 27.30% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPS. Ffcm LLC lifted its position in Gap, Inc. (The) by 198.0% during the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after purchasing an additional 3,519 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Gap, Inc. (The) during the first quarter valued at $127,000. James Investment Research Inc. purchased a new position in Gap, Inc. (The) during the second quarter valued at $144,000. Paragon Capital Management Ltd purchased a new position in Gap, Inc. (The) during the second quarter valued at $229,000. Finally, Pacer Advisors Inc. lifted its position in Gap, Inc. (The) by 67.8% during the first quarter. Pacer Advisors Inc. now owns 9,581 shares of the apparel retailer’s stock valued at $233,000 after purchasing an additional 3,872 shares in the last quarter. Institutional investors own 56.22% of the company’s stock.
Shares of Gap, Inc. (GPS) opened at 28.99 on Thursday. The stock has a market cap of $11.37 billion, a PE ratio of 13.81 and a beta of 0.88. Gap, Inc. has a one year low of $21.02 and a one year high of $30.74. The company’s 50-day moving average price is $26.16 and its 200-day moving average price is $24.25.
Gap, Inc. (The) (NYSE:GPS) last released its earnings results on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.06. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.77 billion. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. Gap, Inc. (The)’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. Equities research analysts anticipate that Gap, Inc. will post $2.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.92 annualized dividend and a yield of 3.17%. Gap, Inc. (The)’s dividend payout ratio (DPR) is presently 43.81%.
Several research firms have recently commented on GPS. Royal Bank Of Canada restated a “hold” rating and set a $26.00 price objective on shares of Gap, Inc. (The) in a report on Wednesday, August 9th. KeyCorp restated a “buy” rating and set a $33.00 price objective on shares of Gap, Inc. (The) in a report on Tuesday, September 26th. Robert W. Baird set a $26.00 price objective on Gap, Inc. (The) and gave the company a “hold” rating in a report on Sunday. BMO Capital Markets set a $23.00 price objective on Gap, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, August 8th. Finally, Deutsche Bank AG boosted their price objective on Gap, Inc. (The) from $23.00 to $24.00 and gave the company a “hold” rating in a report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.73.
About Gap, Inc. (The)
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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