There is little time left for Gap, Inc. (GPS) to reach its 1-year target estimate. How soon will it surpass it?

Gap, Inc. (NYSE:GPS) shares traded -1.59% lower at $13.61 on Wall Street last session.

In accordance with the data, 22 analysts cover Gap, Inc. (NYSE:GPS). 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 $13.83, this indicates a potential downside of -20.46 percent. GPS stock price is now 19.48% away from the 50-day moving average and 29.57% away from the 200-day moving average. The market capitalization of the company currently stands at $5.03B.

It has been rated a hold by 10 analysts and a buy by 5. Brokers who have rated the stock have averaged $11.76 as their price target over the next twelve months.

With the price target of $17, Evercore ISI recently initiated with Outperform rating for Gap, Inc. (NYSE: GPS).

In other news, Gilligan Sarah, EVP Sup Chn, Strat & Transform sold 8,712 shares of the company’s stock on Nov 03. The stock was sold for $121,968 at an average price of $14.00. Upon completion of the transaction, the EVP Sup Chn, Strat & Transform now directly owns 11,741 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, President & CEO, Old Navy Barbeito Horacio sold 547 shares of the business’s stock. A total of $6,357 was realized by selling the stock at an average price of $11.62. Insiders disposed of 1,279,381 shares of company stock worth roughly $17.41 million over the past 1 year. A total of 43.35% of the company’s stock is owned by insiders.

Gap, Inc. (NYSE: GPS) opened at $14.04 on Tuesday. 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 $11.39 and a two-hundred day moving average price translates $10.50 for the stock.

The latest earnings results from Gap, Inc. (NYSE: GPS) was released for Jul, 2023. 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.

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.

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