Stocks of Gap, Inc (NYSE:GAP) traded higher last session on Wall Street, up 2.42% to $25.40.
GAP stock price is now 22.04% away from the 50-day moving average and 14.37% away from the 200-day moving average. The market capitalization of the company currently stands at $9.57B.
With the price target maintained at $24, Wells Fargo recently Downgraded its rating from Overweight to Equal Weight for Gap, Inc (NYSE: GAP). On January 21, 2025, Argus Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $27, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Barbeito Horacio, President & CEO, Old Navy sold 40,764 shares of the company’s stock on Mar 21 ’25. The stock was sold for $818,288 at an average price of $20.07. Upon completion of the transaction, the President & CEO, Old Navy now directly owns 308 shares in the company, valued at $7823.2. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 19 ’25, Chief Financial Officer O’Connell Katrina sold 8,503 shares of the business’s stock. A total of $165,550 was realized by selling the stock at an average price of $19.47. A total of 35.29% of the company’s stock is owned by insiders.
During the past 12 months, Gap, Inc has had a low of $16.99 and a high of $30.75. As of last week, the company has a debt-to-equity ratio of 1.68, a current ratio of 1.60, and a quick ratio of 0.96.
The net profit margin was 5.59% and return on equity was 28.81% for GAP. The company reported revenue of $4.15 billion for the quarter, compared to $4.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.47 percent. For the current quarter, analysts expect GAP to generate $3.41B in revenue.
