In Friday’s Wall Street session, Gap, Inc (NYSE:GAP) shares traded at $21.95, up 1.71% from the previous session.
GAP stock price is now -2.35% away from the 50-day moving average and -2.35% away from the 200-day moving average. The market capitalization of the company currently stands at $8.19B.
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, TRACY CASHEN, Director bought 51,901 shares of the company’s stock on Jun 03 ’25. The stock was bought for $1,150,739 at an average price of $22.17. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 02 ’25, Director TRACY GARDNER bought 50,290 shares of the business’s stock. A total of $1,115,030 was incurred on buying the stock at an average price of $22.17. A total of 35.28% 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 $29.29. As of last week, the company has a debt-to-equity ratio of 1.65, a current ratio of 1.71, and a quick ratio of 0.98.
The net profit margin was 5.80% and return on equity was 29.16% for GAP. The company reported revenue of $3.46 billion for the quarter, compared to $3.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.21 percent.
