GAP Sees Unusually High Options Volume (NYSE:GAP)

The Gap, Inc. (NYSE:GAP - Get Free Report) saw unusually large options trading activity on Tuesday. Traders acquired 16,391 call options on the stock. This represents an increase of 54% compared to the average volume of 10,622 call options.

Insider Buying and Selling

In other GAP news, CEO Horacio Barbeito sold 75,385 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $1,507,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

GAP has been the subject of several research reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $26.00 target price on shares of GAP in a research note on Monday. JPMorgan Chase & Co. increased their price objective on GAP from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. Argus upgraded shares of GAP to a "hold" rating in a report on Thursday, September 19th. Finally, Wells Fargo & Company cut their price target on shares of GAP from $32.00 to $28.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th.

GAP Trading Down 1.7 %

GAP stock traded down $0.36 on Tuesday, hitting $21.00. 6,592,740 shares of the stock traded hands, compared to its average volume of 6,951,903. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.49. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 1.23 and a beta of 2.35. The firm has a fifty day moving average of $21.27. GAP has a 1 year low of $17.51 and a 1 year high of $30.75.

GAP (NYSE:GAP - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.15. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. GAP had a return on equity of 28.89% and a net margin of 5.05%. As a group, analysts predict that GAP will post 1.88 earnings per share for the current year.

GAP Announces Dividend

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

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.