Stocks of The Gap Inc. (NYSE:GPS) traded higher last session on Wall Street, up 5.56% to $12.71.
According to the data, The Gap Inc. (NYSE:GPS) has 21 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $18.00 and a low of $7.00, we find $9.00. Given the previous closing price of $12.04, this indicates a potential downside of -25.25 percent. GPS stock price is now 26.21% away from the 50-day moving average and 11.28% away from the 200-day moving average. The market capitalization of the company currently stands at $4.34B.
A total of 13 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $9.77 as their price target over the next twelve months.
With the price target enhanced from $6 to $9, Barclays Upgraded its rating from Underweight to Equal Weight for The Gap Inc. (NYSE: GPS)., while ‘Deutsche Bank’ rates the stock as ‘Hold’.
In other news, Laughton Mary Beth, President & CEO, Athleta sold 11,030 shares of the company’s stock on Oct 31. The stock was sold for $124,402 at an average price of $11.28. Upon completion of the transaction, the President & CEO, Athleta now directly owns 31,561 shares in the company, valued at $0.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, President & CEO, Athleta Laughton Mary Beth sold 6,387 shares of the business’s stock. A total of $64,317 was realized by selling the stock at an average price of $10.07. This leaves the insider owning 31,561 shares of the company worth $0.4 million. Insiders disposed of 762,018 shares of company stock worth roughly $9.69 million over the past 1 year. A total of 8.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GPS stock. A new stake in The Gap Inc. shares was purchased by FISHER ASSET MANAGEMENT, LLC during the first quarter worth $62,252,000. SQUAREPOINT OPS LLC invested $32,901,000 in shares of GPS during the first quarter. In the first quarter, NATIONAL BANK OF CANADA /FI/ acquired a new stake in The Gap Inc. valued at approximately $19,065,000. WALLEYE CAPITAL LLC acquired a new stake in GPS for approximately $11,309,000. SOLAS CAPITAL MANAGEMENT, LLC purchased a new stake in GPS valued at around $10,715,000 in the second quarter. In total, there are 485 active investors with 62.20% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $11.86 for The Gap Inc. (NYSE: GPS). During the past 12 months, The Gap Inc. has had a low of $7.79 and a high of $25.42. As of last week, the company has a debt-to-equity ratio of 0.80, a current ratio of 1.40, and a quick ratio of 0.50. The fifty day moving average price for GPS is $10.07 and a two-hundred day moving average price translates $11.42 for the stock.
The latest earnings results from The Gap Inc. (NYSE: GPS) was released for Jul, 2022. According to the Apparel Retail Company, earnings per share came in at $0.08, beating analysts’ expectations of -$0.05 by 0.13. This compares to $0.67 EPS in the same period last year. The net profit margin was -2.40% and return on equity was -14.80% for GPS. The company reported revenue of $3.86 billion for the quarter, compared to $4.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.41 percent. For the current quarter, analysts expect GPS to generate $3.79B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/26/2022. Investors who held shares on 10/05/2022 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 4.72% percent yield. There was an ex-dividend date of 10/04/2022 for this dividend.
The Gap Inc.(GPS) Company Profile
The Gap, Inc. operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls. The company offers its products through company-operated stores, franchise stores, Websites, third-party arrangements, and catalogs. It has franchise agreements with unaffiliated franchisees to operate Old Navy, Gap, Athleta, and Banana Republic stores and websites in Asia, Europe, Latin America, the Middle East, and Africa. As of December 31, 2021, the company had 2,835 company-operated stores and 564 franchise stores. It also provides its products through e-commerce sites. The Gap, Inc. was incorporated in 1969 and is headquartered in San Francisco, California.