The stock of Gap, Inc. (NYSE:GPS) last traded at $21.68, up 1.45% from the previous session.
Data from the available sources indicates that Gap, Inc. (NYSE:GPS) is covered by 22 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $8.00, we find $16.00. Given the previous closing price of $21.37, this indicates a potential downside of -25.13 percent. GPS stock price is now 51.05% away from the 50-day moving average and 98.51% away from the 200-day moving average. The market capitalization of the company currently stands at $8.04B.
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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 $16.67 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, Barbeito Horacio, President & CEO, Old Navy sold 271 shares of the company’s stock on Dec 01. The stock was sold for $5,438 at an average price of $20.10. 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 Nov 29, President & CEO, Gap Brand Breitbard Mark sold 93,808 shares of the business’s stock. A total of $1,876,179 was realized by selling the stock at an average price of $20.00. This leaves the insider owning 123,985 shares of the company worth $2.69 million. Insiders disposed of 1,342,567 shares of company stock worth roughly $29.11 million over the past 1 year. A total of 43.31% of the company’s stock is owned by insiders.
During the past 12 months, Gap, Inc. has had a low of $7.22 and a high of $21.52. 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 $14.57 and a two-hundred day moving average price translates $10.96 for the stock.
The latest earnings results from Gap, Inc. (NYSE: GPS) was released for Oct, 2023. 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.
