Gap, Inc. (The) (NYSE:GPS) was the target of unusually large options trading on Wednesday. Stock investors bought 619 put options on the company. This represents an increase of approximately 443% compared to the typical volume of 114 put options.

Gap, Inc. (NYSE GPS) opened at $26.38 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.77 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $10.37 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 1.60 and a beta of 0.86.

Gap, Inc. (The) (NYSE:GPS) last released its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm earned $0.60 EPS. Gap, Inc. (The)’s quarterly revenue was down 1.4% compared to the same quarter last year. analysts forecast that Gap, Inc. will post 2.06 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Tuesday, October 3rd. Gap, Inc. (The)’s payout ratio is currently 43.81%.

GPS has been the subject of a number of recent analyst reports. Barclays PLC initiated coverage on Gap, Inc. (The) in a research note on Tuesday, September 19th. They issued an “overweight” rating and a $32.00 price objective for the company. Zacks Investment Research raised Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Thursday, September 21st. Oppenheimer Holdings, Inc. set a $28.00 price objective on Gap, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, August 17th. Jefferies Group LLC set a $35.00 price objective on Gap, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Finally, Deutsche Bank AG upped their price objective on Gap, Inc. (The) from $23.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $26.79.

In other Gap, Inc. (The) news, CEO Jeff Kirwan sold 1,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $29.38, for a total value of $29,380.00. Following the completion of the sale, the chief executive officer now owns 25,268 shares in the company, valued at $742,373.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William Sydney Fisher sold 666,849 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $27.99, for a total value of $18,665,103.51. Following the completion of the sale, the director now owns 12,237,873 shares of the company’s stock, valued at approximately $342,538,065.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 676,682 shares of company stock valued at $18,906,180. Company insiders own 27.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Gap, Inc. (The) by 2.8% in the second quarter. Vanguard Group Inc. now owns 23,743,881 shares of the apparel retailer’s stock valued at $522,127,000 after buying an additional 643,396 shares in the last quarter. BlackRock Inc. lifted its stake in Gap, Inc. (The) by 1.5% in the second quarter. BlackRock Inc. now owns 23,076,989 shares of the apparel retailer’s stock valued at $507,464,000 after buying an additional 338,876 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Gap, Inc. (The) by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 9,680,123 shares of the apparel retailer’s stock valued at $212,867,000 after buying an additional 57,609 shares in the last quarter. Franklin Resources Inc. lifted its stake in Gap, Inc. (The) by 0.3% in the second quarter. Franklin Resources Inc. now owns 5,617,494 shares of the apparel retailer’s stock valued at $123,529,000 after buying an additional 15,504 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in Gap, Inc. (The) by 27.7% in the third quarter. APG Asset Management N.V. now owns 4,652,508 shares of the apparel retailer’s stock valued at $137,389,000 after buying an additional 1,009,400 shares in the last quarter. 56.39% of the stock is currently owned by hedge funds and other institutional investors.

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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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