Investors Buy High Volume of Call Options on The Gap (NYSE:GPS)


The Gap, Inc. (NYSE:GPS) was the target of unusually large options trading on Monday. Stock investors purchased 181,062 call options on the company. This is an increase of 1,560% compared to the typical daily volume of 10,910 call options.

In related news, CEO Sonia Syngal sold 36,129 shares of the company’s stock in a transaction on Wednesday, March 24th. The stock was sold at an average price of $28.41, for a total value of $1,026,424.89. Following the transaction, the chief executive officer now directly owns 159,227 shares of the company’s stock, valued at approximately $4,523,639.07. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Shawn Curran sold 7,562 shares of the company’s stock in a transaction on Monday, February 1st. The shares were sold at an average price of $20.26, for a total value of $153,206.12. Following the completion of the transaction, the chief operating officer now directly owns 36,187 shares in the company, valued at $733,148.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 374,269 shares of company stock worth $11,391,757. Insiders own 45.30% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Sowell Financial Services LLC raised its holdings in The Gap by 230.3% in the 4th quarter. Sowell Financial Services LLC now owns 10,102 shares of the apparel retailer’s stock valued at $204,000 after acquiring an additional 7,044 shares during the last quarter. Captrust Financial Advisors raised its holdings in The Gap by 26.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,025 shares of the apparel retailer’s stock valued at $322,000 after acquiring an additional 3,723 shares during the last quarter. IFP Advisors Inc raised its holdings in The Gap by 11,950.1% in the 4th quarter. IFP Advisors Inc now owns 43,742 shares of the apparel retailer’s stock valued at $885,000 after acquiring an additional 43,379 shares during the last quarter. Van ECK Associates Corp raised its holdings in The Gap by 53.4% in the 3rd quarter. Van ECK Associates Corp now owns 55,234 shares of the apparel retailer’s stock valued at $941,000 after acquiring an additional 19,219 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in The Gap by 182.2% in the 3rd quarter. Victory Capital Management Inc. now owns 67,500 shares of the apparel retailer’s stock valued at $1,150,000 after acquiring an additional 43,584 shares during the last quarter. 55.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Gap stock opened at $30.26 on Tuesday. The firm has a market capitalization of $11.34 billion, a PE ratio of -10.36 and a beta of 1.52. The Gap has a twelve month low of $6.11 and a twelve month high of $32.95. The firm’s 50-day moving average price is $27.76 and its 200 day moving average price is $22.54. The company has a current ratio of 1.44, a quick ratio of 0.82 and a debt-to-equity ratio of 0.93.

The Gap (NYSE:GPS) last issued its quarterly earnings results on Wednesday, March 3rd. The apparel retailer reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.10. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.66 billion. The Gap had a negative net margin of 7.71% and a negative return on equity of 24.81%. The Gap’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the company posted $0.58 EPS. On average, sell-side analysts predict that The Gap will post -2.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 28th. Investors of record on Wednesday, April 7th will be paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Tuesday, April 6th.

Several equities analysts recently issued reports on the company. Barclays upped their target price on The Gap from $27.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, March 8th. Zacks Investment Research downgraded The Gap from a “hold” rating to a “sell” rating and set a $31.00 target price on the stock. in a research report on Tuesday, March 9th. Morgan Stanley upped their…



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