In yesterday’s Wall Street session, Gap, Inc. (NYSE:GPS) shares traded at $26.61, down -2.35% from the previous session.
GPS stock price is now 24.53% away from the 50-day moving average and 72.77% away from the 200-day moving average. The market capitalization of the company currently stands at $9.94B.
With the price target enhanced from $17 to $22, Telsey Advisory Group maintained Market Perform rating for Gap, Inc. (NYSE: GPS). On February 26, 2024, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock increasing its target price from $16 to quote $20, while ‘Telsey Advisory Group’ rates the stock as ‘Market Perform’
In other news, Breitbard Mark, President & CEO, Gap Brand sold 17,392 shares of the company’s stock on Mar 26 ’24. The stock was sold for $485,880 at an average price of $27.94. Upon completion of the transaction, the President & CEO, Gap Brand now directly owns 123,985 shares in the company, valued at $3.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 26 ’24, Chief Financial Officer O’Connell Katrina sold 9,818 shares of the business’s stock. A total of $274,270 was realized by selling the stock at an average price of $27.94. A total of 42.42% 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 $28.59. As of last week, the company has a debt-to-equity ratio of 2.10, a current ratio of 1.42, and a quick ratio of 0.78. According to the stock market information, the enterprise value for the company is $13.51B, which is based on a 19.96 price-to-earnings ratio, a 1.39 price-to-earnings-growth ratio, and a beta of 2.28. The fifty day moving average price for GPS is $21.71 and a two-hundred day moving average price translates $15.87 for the stock.
The latest earnings results from Gap, Inc. (NYSE: GPS) was released for Feb, 2024. According to the Apparel Retail Company, earnings per share came in at $0.49, beating analysts’ expectations of $0.22 by 0.27. This compares to -$0.75 EPS in the same period last year. The net profit margin was 3.37% and return on equity was 20.80% for GPS. The company reported revenue of $4.3 billion for the quarter, compared to $4.24 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.3 percent. For the current quarter, analysts expect GPS to generate $3.28B in revenue.
