The stock of Gap, Inc (NYSE:GAP) last traded at $22.65, down -2.75% from the previous session.
GAP stock price is now -3.99% away from the 50-day moving average and -1.26% away from the 200-day moving average. The market capitalization of the company currently stands at $8.54B.
With the price target maintained at $27, Argus recently Upgraded its rating from Hold to Buy for Gap, Inc (NYSE: GAP). On January 10, 2025, UBS Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $16 to quote $26, while ‘JP Morgan’ rates the stock as ‘Overweight’
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 $22.67 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 34.96% of the company’s stock is owned by insiders.
During the past 12 months, Gap, Inc has had a low of $18.72 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.
The net profit margin was 5.40% and return on equity was 29.42% for GAP. The company reported revenue of $3.83 billion for the quarter, compared to $3.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.65 percent.
