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

The Gap, Inc. (NYSE:GAP) was the target of unusually large options trading on Tuesday. Investors acquired 10,046 put options on the stock. This is an increase of 24% compared to the typical volume of 8,129 put options.

Institutional Trading of GAP

Hedge funds have recently bought and sold shares of the business. Amundi purchased a new position in GAP in the 1st quarter worth approximately $259,000. EverSource Wealth Advisors LLC grew its position in shares of GAP by 177.0% in the second quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock valued at $153,000 after purchasing an additional 4,483 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of GAP in the second quarter valued at approximately $612,000. California State Teachers Retirement System increased its holdings in shares of GAP by 0.8% in the second quarter. California State Teachers Retirement System now owns 226,506 shares of the company’s stock valued at $4,940,000 after purchasing an additional 1,703 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in GAP by 42.7% during the second quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company’s stock worth $96,134,000 after buying an additional 1,318,322 shares during the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.

GAP Price Performance

NYSE GAP traded down $0.21 during mid-day trading on Tuesday, hitting $20.15. The stock had a trading volume of 2,141,475 shares, compared to its average volume of 7,614,716. The firm’s 50 day moving average is $20.04 and its 200 day moving average is $23.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.08. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 1.17 and a beta of 2.05. GAP has a twelve month low of $18.11 and a twelve month high of $29.36.

GAP (NYSE:GAP) last announced its earnings results on Thursday, May 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). GAP had a return on equity of 21.13% and a net margin of 6.25%.The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period last year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. Equities research analysts forecast that GAP will post 2.33 earnings per share for the current fiscal year.

GAP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be given a dividend of $0.175 per share. The ex-dividend date is Wednesday, October 7th. This represents a $0.70 dividend on an annualized basis and a yield of 3.5%. GAP’s payout ratio is presently 27.56%.

Analyst Ratings Changes

GAP has been the topic of a number of research analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price target on shares of GAP in a research note on Monday, July 6th. TD Cowen decreased their price objective on shares of GAP from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, August 18th. BTIG Research set a $26.00 target price on shares of GAP in a research report on Thursday, July 30th. Bank of America cut their target price on shares of GAP from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $27.00 price target (down from $35.00) on shares of GAP in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, GAP has an average rating of “Moderate Buy” and an average price target of $26.29.

About GAP

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.