GAP Target of Unusually High Options Trading (NYSE:GAP)

The Gap, Inc. (NYSE:GAP) saw unusually large options trading activity on Tuesday. Stock investors acquired 16,391 call options on the company. This is an increase of 54% compared to the average volume of 10,622 call options.

Wall Street Analysts Forecast Growth

Several research firms have commented on GAP. Argus raised shares of GAP to a “hold” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. upped their price target on shares of GAP from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Wells Fargo & Company reduced their price objective on shares of GAP from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $26.00 target price on shares of GAP in a research report on Monday.

GAP Stock Down 1.7 %

Shares of GAP stock traded down $0.36 during trading on Tuesday, reaching $21.00. The company’s stock had a trading volume of 1,598,399 shares, compared to its average volume of 6,929,614. The company has a market cap of $7.90 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 1.23 and a beta of 2.35. The firm has a 50-day simple moving average of $21.24. GAP has a 52-week low of $17.51 and a 52-week high of $30.75. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51.

GAP (NYSE:GAP) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.39 by $0.15. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. GAP had a return on equity of 28.89% and a net margin of 5.05%. On average, equities research analysts anticipate that GAP will post 1.88 EPS for the current year.

GAP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a yield of 2.86%. GAP’s dividend payout ratio is presently 29.70%.

Insider Buying and Selling

In other news, CEO Horacio Barbeito sold 75,385 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction of $1,507,700.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 31.00% of the stock is owned by insiders.

GAP Company Profile

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.