The stock of Gap, Inc. (NYSE:GPS) last traded at $12.80, up 1.19% from the previous session.
Data from the available sources indicates that Gap, Inc. (NYSE:GPS) is covered by 21 analysts. 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 $11.00. Given the previous closing price of $12.65, this indicates a potential downside of -13.04 percent. GPS stock price is now 16.02% away from the 50-day moving average and 22.00% away from the 200-day moving average. The market capitalization of the company currently stands at $4.73B.
In total, 10 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $11.40 as their price target over the next twelve months.
With the price target enhanced from $11 to $16, Wells Fargo 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 1,279,381 shares of company stock worth roughly $16.38 million over the past 1 year. A total of 45.64% of the company’s stock is owned by insiders.
With an opening price of $12.73 on Tuesday morning, Gap, Inc. (NYSE: GPS) set off the trading day. 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. The fifty day moving average price for GPS is $11.08 and a two-hundred day moving average price translates $10.49 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.
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.
