Time to Sell Gap Inc After Today’s Option Traders Bearish Bets?


 Time to Sell Gap Inc After Today's Option Traders Bearish Bets?

In today’s session Gap Inc (GPS) recorded an unusually high (916) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious GPS decrease. With 916 contracts traded and 4504 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: GPS161216P00021000 closed last at: $1.03 or 18.3% down. The stock decreased 0.18% or $0.04 during the last trading session, hitting $21.78. About 3.37M shares traded hands. Gap Inc (NYSE:GPS) has declined 23.23% since March 2, 2016 and is downtrending. It has underperformed by 32.47% the S&P500.

Gap Inc (NYSE:GPS) Ratings Coverage

Out of 31 analysts covering The Gap Inc. (NYSE:GPS), 4 rate it a “Buy”, 8 “Sell”, while 19 “Hold”. This means 13% are positive. The Gap Inc. has been the topic of 105 analyst reports since August 5, 2015 according to StockzIntelligence Inc. S&P Research downgraded Gap Inc (NYSE:GPS) on Thursday, October 1 to “Hold” rating. The stock of Gap Inc (NYSE:GPS) earned “Mkt Perform” rating by FBR Capital on Friday, November 20. The firm earned “Underperform” rating on Friday, November 20 by Mizuho. Cantor Fitzgerald maintained Gap Inc (NYSE:GPS) rating on Friday, December 4. Cantor Fitzgerald has “Hold” rating and $26 price target. The firm has “Neutral” rating by Wedbush given on Friday, November 20. The firm earned “Neutral” rating on Monday, August 22 by Citigroup. The rating was maintained by Nomura on Friday, August 19 with “Neutral”. The stock has “Neutral” rating given by Mizuho on Tuesday, August 9. The firm earned “Sell” rating on Friday, August 19 by UBS. UBS downgraded Gap Inc (NYSE:GPS) rating on Wednesday, September 30. UBS has “Sell” rating and $25 price target.

Insitutional Activity: The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.08, from 1.03 in 2016Q1. The ratio improved, as 67 funds sold all Gap Inc shares owned while 109 reduced positions. 56 funds bought stakes while 140 increased positions. They now own 219.06 million shares or 4.71% less from 229.88 million shares in 2016Q1.
Bnp Paribas Prtnrs, a France-based fund reported 41,753 shares. Td Asset Mngmt accumulated 0% or 105,060 shares. Johnson Counsel Inc holds 0.01% or 10,994 shares in its portfolio. Ibm Retirement Fund holds 0.02% of its portfolio in Gap Inc (NYSE:GPS) for 22,472 shares. Tillar holds 72,273 shares or 1.52% of its portfolio. Pictet Asset Mngmt Limited holds 0.01% of its portfolio in Gap Inc (NYSE:GPS) for 175,190 shares. First Manhattan owns 1,406 shares or 0% of their US portfolio. State Of Alaska Department Of Revenue last reported 0.04% of its portfolio in the stock. Hartford Investment Mngmt holds 0.02% of its portfolio in Gap Inc (NYSE:GPS) for 54,363 shares. Westport Resource owns 24 shares or 0% of their US portfolio. Intll reported 14.38 million shares or 0% of all its holdings. Dreman Value L L C holds 0.13% or 10,167 shares in its portfolio. Advisory Networks Limited Liability Corporation last reported 0.03% of its portfolio in the stock. Public Employees Retirement Association Of Colorado accumulated 0.01% or 51,010 shares. Denali Advsr Ltd Liability last reported 415,500 shares in the company.

The Gap, Inc. is an apparel retail company. The company has a market cap of $8.51 billion. The Firm offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. It has a 12.31 P/E ratio. The Company’s products are available to clients online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

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