In yesterday’s Wall Street session, Gap Inc. (NYSE:GPS) shares traded at $9.94, down -2.83% from the previous session.
21 analysts cover Gap Inc. (NYSE:GPS), according to research data. 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 $6.00, we find $10.00. Given the previous closing price of $10.23, this indicates a potential downside of -2.25 percent. GPS stock price is now -3.87% away from the 50-day moving average and -6.89% away from the 200-day moving average. The market capitalization of the company currently stands at $3.68B.
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The stock has received a hold rating from 11 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $10.81 as their price target over the next twelve months.
With the price target enhanced from $9 to $13, Barclays Upgraded its rating from Equal Weight to Overweight for Gap Inc. (NYSE: GPS).
In other news, Barbeito Horacio, President & CEO, Old Navy sold 547 shares of the company’s stock on Sep 01. The stock was sold for $6,357 at an average price of $11.62. Upon completion of the transaction, the President & CEO, Old Navy now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 28, EVP CFO O’Connell Katrina sold 24,509 shares of the business’s stock. A total of $253,957 was realized by selling the stock at an average price of $10.36. Insiders disposed of 1,453,168 shares of company stock worth roughly $14.44 million over the past 1 year. A total of 39.87% 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 Gap Inc. shares was purchased by COATUE MANAGEMENT LLC during the first quarter worth $40,726,000. NATIXIS invested $25,615,000 in shares of GPS during the first quarter. In the first quarter, CAPITAL FUND MANAGEMENT S.A. acquired a new stake in Gap Inc. valued at approximately $9,200,000. UNISUPER MANAGEMENT PTY LTD acquired a new stake in GPS for approximately $3,437,000. TREXQUANT INVESTMENT LP purchased a new stake in GPS valued at around $3,278,000 in the second quarter. In total, there are 471 active investors with 61.92% ownership of the company’s stock.
On Friday morning Gap Inc. (NYSE: GPS) stock kicked off with the opening price of $10.32. During the past 12 months, Gap Inc. has had a low of $7.22 and a high of $15.49. As of last week, the company has a debt-to-equity ratio of 2.50, a current ratio of 1.41, and a quick ratio of 0.67. According to the stock market information, the enterprise value for the company is $8.08B, which is based on a 34.17 price-to-earnings ratio, a 1.86 price-to-earnings-growth ratio, and a beta of 1.92. The fifty day moving average price for GPS is $10.34 and a two-hundred day moving average price translates $10.68 for the stock.
The latest earnings results from Gap Inc. (NYSE: GPS) was released for Jul, 2023. According to the Apparel Retail Company, earnings per share came in at $0.34, beating analysts’ expectations of $0.09 by 0.25. This compares to -$0.13 EPS in the same period last year. The net profit margin was 0.71% and return on equity was 4.73% for GPS. The company reported revenue of $3.55 billion for the quarter, compared to $3.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.01 percent. For the current quarter, analysts expect GPS to generate $3.6B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/25/2023. Investors who held shares on 10/04/2023 were paid a $0.15 dividend. On an annualized basis, this represents a $0.59 dividend and a 5.96% percent yield. There was an ex-dividend date of 10/03/2023 for this dividend.
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 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, and third-party arrangements. It has franchise agreements to operate Old Navy, Gap, Banana Republic, and Athleta stores and websites in Asia, Europe, Latin America, the Middle East, and Africa. The company also provides its products through e-commerce sites. The Gap, Inc. was incorporated in 1969 and is headquartered in San Francisco, California.
