The stock of Gap, Inc (NYSE:GAP) last traded at $23.88, up 0.25% from the previous session.
GAP stock price is now 4.31% away from the 50-day moving average and 4.38% away from the 200-day moving average. The market capitalization of the company currently stands at $9.01B.
With the price target enhanced from $28 to $30, JP Morgan Upgraded its rating from Neutral to Overweight for Gap, Inc (NYSE: GAP). On August 30, 2024, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $29 to quote $26, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, FISHER JOHN J, 10% Owner sold 250,000 shares of the company’s stock on Dec 13 ’24. The stock was sold for $6,044,775 at an average price of $24.18. Upon completion of the transaction, the 10% Owner now directly owns 1,000,752 shares in the company, valued at $23.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13 ’24, 10% Owner John J. Fisher bought 250,000 shares of the business’s stock. A total of $6,044,780 was incurred on buying the stock at an average price of $24.18. A total of 34.99% of the company’s stock is owned by insiders.
During the past 12 months, Gap, Inc has had a low of $18.34 and a high of $30.75. As of last week, the company has a debt-to-equity ratio of 1.74, a current ratio of 1.54, and a quick ratio of 0.84. According to the stock market information, the enterprise value for the company is $11607024640, which is based on a 11.10 price-to-earnings ratio, a 0.23 price-to-earnings-growth ratio, and a beta of 2.35. The fifty day moving average price for GAP is $22.8932 and a two-hundred day moving average price translates $22.87765 for the stock.
The latest earnings results from Gap, Inc (NYSE: GAP) was released for 2024-08-03. The net profit margin was 5.40% and return on equity was 29.42% for GAP. The company reported revenue of $3.72 billion for the quarter, compared to $3.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.85 percent.
