Will Gap Inc Go Down Anytime Soon? Option Trader Believe So

 Will Gap Inc Go Down Anytime Soon? Option Trader Believe So

In today’s session Gap Inc (GPS) recorded an unusually high (801) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious GPS decrease. With 801 contracts traded and 2884 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: GPS161118P00024000 closed last at: $0.58 or 107.1% up. About 1.14 million shares traded hands. Gap Inc (NYSE:GPS) has declined 10.21% since April 5, 2016 and is downtrending. It has underperformed by 12.17% 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. $48 is the highest target while $16 is the lowest. The $28 average target is 5.50% above today’s ($26.54) stock price. The Gap Inc. has been the topic of 106 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Gap Inc (NYSE:GPS) has “Buy” rating given on Friday, August 19 by Jefferies. The rating was upgraded by Deutsche Bank on Friday, October 7 to “Hold”. FBR Capital maintained the stock with “Hold” rating in Friday, August 28 report. Bank of America maintained Gap Inc (NYSE:GPS) rating on Wednesday, September 30. Bank of America has “Underperform” rating and $28 price target. Piper Jaffray maintained Gap Inc (NYSE:GPS) on Tuesday, August 11 with “Neutral” rating. Cantor Fitzgerald maintained it with “Hold” rating and $36 target price in Monday, August 24 report. The company was downgraded on Wednesday, March 16 by Morgan Stanley. Citigroup maintained Gap Inc (NYSE:GPS) on Friday, May 20 with “Neutral” rating. The firm has “Neutral” rating by Mizuho given on Tuesday, August 9. The firm earned “Mkt Perform” rating on Friday, May 20 by FBR Capital.

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 2016 Q2. 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.
Barrow Hanley Mewhinney & Strauss Ltd Liability Corp owns 3.34M shares or 0.11% of their US portfolio. The Ohio-based Fifth Third Comml Bank has invested 0% in Gap Inc (NYSE:GPS). Schwab Charles Invest Mgmt accumulated 0.03% or 1.08M shares. Bnp Paribas Invest Prns Sa has 0.01% invested in the company for 41,753 shares. Dekabank Deutsche Girozentrale last reported 0.02% of its portfolio in the stock. Hightower Advsrs Ltd Liability Corp has 21,760 shares for 0.01% of their US portfolio. Acropolis Investment Mngmt Ltd Company accumulated 0.3% or 74,020 shares. Jane Street Gru Ltd Liability Company holds 0.01% or 110,272 shares in its portfolio. Utah Retirement has invested 0.02% of its portfolio in Gap Inc (NYSE:GPS). Hartford Inv Mgmt accumulated 54,363 shares or 0.02% of the stock. Fukoku Mutual Life Insurance Company accumulated 0.01% or 3,000 shares. Moreover, Regions has 0.02% invested in Gap Inc (NYSE:GPS) for 55,898 shares. Agf Invs Inc accumulated 300 shares or 0% of the stock. Adams Asset Advsrs Ltd Liability has 0.99% invested in the company for 273,312 shares. State Of Alaska Department Of Revenue, a Alaska-based fund reported 17,940 shares.

The Gap, Inc. is an apparel retail company. The company has a market cap of $10.60 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 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: Wsj.com which released: “Gap CFO Sabrina Simmons to Leave at End of Fiscal Year” on November 02, 2016, also Investorplace.com with their article: “Gap Inc (GPS) Announces Exit of CFO Sabrina Simmons” published on November 03, 2016, Forbes.com published: “Gap Inc. Shares Soar Despite A Decrease In Sales” on October 12, 2016. More interesting news about Gap Inc (NYSE:GPS) were released by: Investorplace.com and their article: “Why Fitbit Inc (FIT), Facebook Inc (FB) and Gap Inc (GPS) are 3 of Today’s …” published on November 03, 2016 as well as Fool.com‘s news article titled: “Can Gap Inc. Stock Keep Going After Last Week’s 18% Pop?” with publication date: October 10, 2016.

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