Some Traders See Unusual Bearish Options Activity in Gap Inc

 Some Traders See Unusual Bearish Options Activity in Gap Inc

In today’s session Gap Inc (GPS) recorded an unusually high (266) 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 266 contracts traded and 3924 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: GPS161216P00027000 closed last at: $1.43 or 10.6% down. About 1.36 million shares traded hands. Gap Inc (NYSE:GPS) has declined 8.30% since March 28, 2016 and is downtrending. It has underperformed by 13.01% 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. Wedbush maintained it with “Neutral” rating and $27 target price in Friday, November 20 report. FBR Capital maintained Gap Inc (NYSE:GPS) on Friday, November 20 with “Mkt Perform” rating. As per Friday, August 19, the company rating was maintained by Deutsche Bank. Citigroup initiated it with “Neutral” rating and $30 target price in Wednesday, October 7 report. As per Thursday, October 29, the company rating was initiated by Barclays Capital. The rating was maintained by Cantor Fitzgerald with “Hold” on Friday, December 4. Cowen & Co maintained the stock with “Market Perform” rating in Wednesday, August 12 report. The firm has “Buy” rating by Jefferies given on Friday, May 20. The firm has “Market Perform” rating given on Tuesday, September 1 by FBR Capital. Topeka Capital Markets maintained Gap Inc (NYSE:GPS) rating on Friday, October 9. Topeka Capital Markets has “Buy” rating and $40 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 increased, 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.
Tiaa Cref Investment Limited Liability holds 0.02% or 1.07M shares in its portfolio. Cognios Cap Lc reported 60,487 shares or 0.41% of all its holdings. Moreover, Fmr Ltd Limited Liability Company has 0% invested in Gap Inc (NYSE:GPS) for 211,631 shares. Wfg Ltd Partnership accumulated 0.01% or 1,338 shares. Moreover, Canada Pension Plan Investment Board has 0.03% invested in Gap Inc (NYSE:GPS) for 292,710 shares. Massachusetts Financial Ma reported 1.13M shares or 0.01% of all its holdings. Fort Washington Oh owns 42,106 shares or 0.02% of their US portfolio. Tradewinds Cap Mgmt Lc last reported 46 shares in the company. Hussman Strategic Advisors accumulated 0.02% or 5,800 shares. Argi Ser Limited Liability Corp has invested 0.08% of its portfolio in Gap Inc (NYSE:GPS). Hartford Inv Management Company last reported 54,363 shares in the company. First Tru Advsr Limited Partnership last reported 826,011 shares in the company. Van Eck Assocs last reported 57,512 shares in the company. Manning & Napier Ltd Limited Liability Company reported 67,591 shares or 0.01% of all its holdings. Tillar holds 72,273 shares or 1.52% of its portfolio.

The Gap, Inc. is an apparel retail company. The company has a market cap of $10.65 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 15.32 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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