Is Gap Inc’s Fuel For Real? The Stock Was Bought By Option Traders

 Is Gap Inc's Fuel For Real? The Stock Was Bought By Option Traders

In today’s session Gap Inc (GPS) registered an unusually high (701) 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 701 contracts traded and 19224 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GPS161118C00028000 closed last at: $2.58 or 22.9% up. About 12.24M shares traded hands or 108.16% up from the average. Gap Inc (NYSE:GPS) has risen 28.60% since April 18, 2016 and is uptrending. It has outperformed by 24.17% 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. The Gap Inc. has been the topic of 108 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Robert W. Baird maintained Gap Inc (NYSE:GPS) rating on Friday, August 19. Robert W. Baird has “Neutral” rating and $27 price target. S&P Research maintained the shares of GPS in a report on Monday, August 24 with “Buy” rating. The stock of Gap Inc (NYSE:GPS) has “Neutral” rating given on Friday, August 19 by Citigroup. The rating was maintained by Wedbush with “Neutral” on Friday, August 19. Telsey Advisory Group maintained Gap Inc (NYSE:GPS) rating on Friday, May 20. Telsey Advisory Group has “Market Perform” rating and $21 price target. The company was maintained on Friday, November 20 by FBR Capital. Wolfe Research upgraded Gap Inc (NYSE:GPS) on Friday, June 17 to “Outperform” rating. The stock of Gap Inc (NYSE:GPS) earned “Hold” rating by FBR Capital on Tuesday, August 25. As per Wednesday, October 7, the company rating was initiated by Citigroup. The stock of Gap Inc (NYSE:GPS) has “Sell” rating given on Friday, June 3 by Deutsche Bank.

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 decreased to 0.91 in Q2 2016. Its down 0.20, from 1.11 in 2016Q1. The ratio is negative, 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.
Hutchin Hill Cap L P accumulated 304,000 shares or 0.22% of the stock. Euclidean Technology Mgmt Ltd Limited Liability Company reported 85,252 shares or 1.94% of all its holdings. Moreover, Cadence Capital Mgmt Llc has 0.09% invested in Gap Inc (NYSE:GPS) for 57,175 shares. Wfg Advsr L P reported 1,338 shares or 0.01% of all its holdings. Clark Estates Ny holds 0.47% of its portfolio in Gap Inc (NYSE:GPS) for 110,800 shares. Americafirst Cap Limited Liability Co holds 0% or 6,546 shares in its portfolio. Moreover, Louisiana State Employees Retirement Sys has 0.02% invested in Gap Inc (NYSE:GPS) for 14,900 shares. Allianz Asset Ag has invested 0% of its portfolio in Gap Inc (NYSE:GPS). Robeco Institutional Asset Mngmt Bv has 0.05% invested in the company for 340,699 shares. Landscape Capital Mngmt Lc has 0.61% invested in the company for 218,298 shares. Dnb Asset Management As, a Norway-based fund reported 16,067 shares. Moreover, Caisse De Depot Et Placement Du Quebec has 0.02% invested in Gap Inc (NYSE:GPS) for 342,500 shares. Synovus Financial Corporation holds 0% of its portfolio in Gap Inc (NYSE:GPS) for 4,625 shares. Sentinel Tru Com Lba accumulated 0.13% or 42,520 shares. Menta Limited Com holds 0.05% of its portfolio in Gap Inc (NYSE:GPS) for 16,620 shares.

The Gap, Inc. is an apparel retail company. The company has a market cap of $10.85 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 15.09 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: Fortune.com which released: “Gap Shares Are up Despite Decline Sales” on November 07, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Gap Inc., 37.5% Follow-Through Indicator, 2.9 …” published on November 17, 2016, Bizjournals.com published: “Former P&G treasurer hired as Gap Inc. CFO” on November 16, 2016. More interesting news about Gap Inc (NYSE:GPS) were released by: Nasdaq.com and their article: “Gap Inc. Announces 7% Retreat In Q3 Earnings” published on November 17, 2016 as well as Schaeffersresearch.com‘s news article titled: “Earnings Preview: Gap Inc and Abercrombie & Fitch Co.” with publication date: November 17, 2016.

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