In today’s session Gap Inc (GPS) registered an unusually high (506) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious GPS increase. With 506 contracts traded and 1884 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GPS161118C00028000 closed last at: $0.64 or 8.6% down. About 2.95M shares traded hands. Gap Inc (NYSE:GPS) has declined 11.95% since March 15, 2016 and is downtrending. It has underperformed by 17.43% the S&P500.
Gap Inc (NYSE:GPS) Ratings Coverage
Out of 31 analysts covering The Gap Inc. (NYSE:GPS), 4 rate it a “Buy”, 7 “Sell”, while 20 “Hold”. This means 13% are positive. The Gap Inc. has been the topic of 106 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by Mizuho with “Underperform” on Friday, November 20. The stock of Gap Inc (NYSE:GPS) earned “Market Perform” rating by FBR Capital on Monday, October 12. The stock of Gap Inc (NYSE:GPS) earned “Overweight” rating by KeyBanc Capital Markets on Monday, April 4. Barclays Capital initiated the shares of GPS in a report on Thursday, October 29 with “Underweight” rating. The stock of Gap Inc (NYSE:GPS) has “Neutral” rating given on Friday, August 19 by Robert W. Baird. On Friday, May 20 the stock rating was maintained by UBS with “Sell”. As per Friday, May 20, the company rating was maintained by Wedbush. The stock has “Hold” rating given by FBR Capital on Friday, August 28. The company was maintained on Friday, November 20 by FBR Capital. Oppenheimer maintained Gap Inc (NYSE:GPS) rating on Friday, October 30. Oppenheimer has “Perform” rating and $28 price target.
According to Zacks Investment Research, “The Gap, Inc. is a global specialty retailer which operates stores selling casual apparel, personal care and other accessories for men, women and children under the Gap, Banana Republic and Old Navy brands. The company designs virtually all of its products, which in turn are manufactured by independent sources, and sells them under its brand names.”
Insitutional Activity: The institutional sentiment increased to 1.11 in Q2 2016. Its up 0.08, from 1.03 in 2016Q1. The ratio is positive, 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.
Kbc Grp Nv has 99,243 shares for 0.03% of their US portfolio. Axa, a France-based fund reported 1.15 million shares. National Bank & Trust Of New York Mellon holds 0.09% of its portfolio in Gap Inc (NYSE:GPS) for 14.14M shares. Commonwealth Natl Bank Of has 0.07% invested in the company for 273,798 shares. Gam Ag has 236,317 shares for 0.08% of their US portfolio. Herndon Management Lc has 21 shares for 0% of their US portfolio. Federated Invsts Pa accumulated 0.05% or 808,308 shares. Aqr Limited Com accumulated 739,093 shares or 0.03% of the stock. Westport Management has invested 0% of its portfolio in Gap Inc (NYSE:GPS). Utah Retirement Systems accumulated 0.02% or 40,503 shares. M&R Cap Management Inc holds 100 shares or 0% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 40,643 shares or 0.04% of its portfolio. Ledyard Fincl Bank accumulated 96,380 shares or 0.37% of the stock. Amica Mutual Insurance last reported 0.04% of its portfolio in the stock. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 16,000 shares or 0.03% of all its holdings.
The Gap, Inc. is an apparel retail company. The company has a market cap of $10.20 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 14.63 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.
GPS Company Profile
The Gap, Inc. (Gap Inc.), incorporated on April 15, 1988, is an apparel retail company. 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. 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. It also sells products that are designed and manufactured by branded third-parties, especially at its Intermix brands. The Company’s divisions include Gap Global, Old Navy Global, Banana Republic Global, Athleta and Intermix. The Company’s omni-channel services, including order-in-store, reserve-in-store, find-in-store and ship-from-store, are tailored across its portfolio of brands. Gap Inc. has Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China, Taiwan and Hong Kong. It operates Gap, Banana Republic and Old Navy stores throughout Asia, Australia, Europe, Latin America, the Middle East and Africa.
More notable recent Gap Inc (NYSE:GPS) news were published by: Forbes.com which released: “Gap Inc. Shares Soar Despite A Decrease In Sales” on October 12, 2016, also Fortune.com with their article: “Gap’s Worst Days Might Finally Be Behind It” published on October 07, 2016, Fool.com published: “Can Gap Inc. Stock Keep Going After Last Week’s 18% Pop?” on October 10, 2016. More interesting news about Gap Inc (NYSE:GPS) were released by: Prnewswire.com and their article: “Gap Inc. Celebrates International Day of the Girl With Expansion of Its P.A.C …” published on October 11, 2016 as well as Marketwatch.com‘s news article titled: “Gap Inc.’s September same-store sales impacted by distribution center fire” with publication date: October 06, 2016.
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