Gap, Inc. (The) (NYSE:GPS) saw unusually large options trading on Friday. Stock traders bought 10,321 call options on the stock. This represents an increase of 214% compared to the average volume of 3,282 call options.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its position in Gap, Inc. (The) by 136.8% in the fourth quarter. Macquarie Group Ltd. now owns 18,000 shares of the apparel retailer’s stock valued at $404,000 after buying an additional 10,400 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in Gap, Inc. (The) by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 190,401 shares of the apparel retailer’s stock valued at $4,625,000 after buying an additional 5,691 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Gap, Inc. (The) by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 75,163 shares of the apparel retailer’s stock valued at $1,825,000 after buying an additional 800 shares in the last quarter. DnB Asset Management AS raised its position in Gap, Inc. (The) by 39.3% in the first quarter. DnB Asset Management AS now owns 22,667 shares of the apparel retailer’s stock valued at $551,000 after buying an additional 6,400 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Gap, Inc. (The) by 17.2% in the first quarter. Nisa Investment Advisors LLC now owns 224,603 shares of the apparel retailer’s stock valued at $5,456,000 after buying an additional 33,005 shares in the last quarter. Hedge funds and other institutional investors own 57.30% of the company’s stock.

Gap, Inc. (GPS) opened at 22.65 on Monday. The firm has a 50-day moving average of $23.13 and a 200-day moving average of $23.68. Gap, Inc. has a one year low of $21.02 and a one year high of $30.74. The stock has a market capitalization of $8.88 billion, a PE ratio of 10.79 and a beta of 0.87.

Gap, Inc. (The) (NYSE:GPS) last released its earnings results on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm earned $0.60 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts forecast that Gap, Inc. will post $2.00 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.92 annualized dividend and a yield of 4.06%. Gap, Inc. (The)’s dividend payout ratio is presently 43.81%.

Several analysts have issued reports on GPS shares. Wolfe Research reaffirmed an “outperform” rating and set a $32.00 target price on shares of Gap, Inc. (The) in a research report on Friday, April 28th. Jefferies Group LLC set a $34.00 price objective on Gap, Inc. (The) and gave the stock a “buy” rating in a research report on Thursday, May 4th. Vetr raised Gap, Inc. (The) from a “sell” rating to a “hold” rating and set a $24.84 price objective for the company in a research report on Monday, May 15th. ValuEngine raised Gap, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 17th. Finally, FBR & Co set a $28.00 price target on Gap, Inc. (The) and gave the stock a “hold” rating in a research report on Friday, May 19th. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $25.63.

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About Gap, Inc. (The)

The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

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