Gap, Inc. (NYSE:GPS) shares traded 0.48% higher at $18.89 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 $22.00 and a low of $8.00, we find $16.00. Given the previous closing price of $18.80, this indicates a potential downside of -14.89 percent. GPS stock price is now 52.93% away from the 50-day moving average and 78.44% away from the 200-day moving average. The market capitalization of the company currently stands at $7.00B.
It has been rated a hold by 10 analysts and a buy by 4. Brokers who have rated the stock have averaged $15.67 as their price target over the next twelve months.
With the price target enhanced from $11 to $17, Telsey Advisory Group maintained Market Perform rating for Gap, Inc. (NYSE: GPS).
In other news, Breitbard Mark, President & CEO, Gap Brand sold 46,904 shares of the company’s stock on Nov 17. The stock was sold for $844,272 at an average price of $18.00. Upon completion of the transaction, the President & CEO, Gap Brand now directly owns 123,985 shares in the company, valued at $2.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 17, EVP Sup Chn, Strat & Transform Gilligan Sarah sold 11,741 shares of the business’s stock. A total of $190,204 was realized by selling the stock at an average price of $16.20. Insiders disposed of 1,522,147 shares of company stock worth roughly $28.75 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 $18.76 on Friday. During the past 12 months, Gap, Inc. has had a low of $7.22 and a high of $19.03. As of last week, the company has a debt-to-equity ratio of 2.26, a current ratio of 1.39, and a quick ratio of 0.64. The fifty day moving average price for GPS is $12.51 and a two-hundred day moving average price translates $10.61 for the stock.
The latest earnings results from Gap, Inc. (NYSE: GPS) was released for Oct, 2023. According to the Apparel Retail Company, earnings per share came in at $0.59, beating analysts’ expectations of $0.19 by 0.4. This compares to $0.77 EPS in the same period last year. The net profit margin was 0.30% and return on equity was 1.75% for GPS. The company reported revenue of $3.77 billion for the quarter, compared to $4.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.73 percent. For the current quarter, analysts expect GPS to generate $4.22B 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.
