Stocks of Gap, Inc. (NYSE:GPS) traded higher last session on Wall Street, down -0.68% to $27.72.
GPS stock price is now 33.70% away from the 50-day moving average and 84.24% away from the 200-day moving average. The market capitalization of the company currently stands at $10.35B.
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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 93,809 shares of the company’s stock on Mar 25 ’24. The stock was sold for $2,639,673 at an average price of $28.14. Upon completion of the transaction, the President & CEO, Gap Brand now directly owns 141,377 shares in the company, valued at $3.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 22 ’24, President & CEO, Gap Brand Breitbard Mark sold 27,222 shares of the business’s stock. A total of $767,010 was realized by selling the stock at an average price of $28.18. This leaves the insider owning 123,985 shares of the company worth $3.44 million. A total of 42.70% 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 $13.92B, which is based on a 20.79 price-to-earnings ratio, a 1.44 price-to-earnings-growth ratio, and a beta of 2.25. The fifty day moving average price for GPS is $20.88 and a two-hundred day moving average price translates $15.14 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.
