The stock of Gap, Inc. (NYSE:GPS) last traded at $22.76, down -1.43% from the previous session.
GPS stock price is now -0.33% away from the 50-day moving average and 32.14% away from the 200-day moving average. The market capitalization of the company currently stands at $8.50B.
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With the price target enhanced from $21 to $28, Citigroup Upgraded its rating from Neutral to Buy for Gap, Inc. (NYSE: GPS). On March 08, 2024, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $17 to quote $22, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Breitbard Mark, President & CEO, Gap Brand sold 17,392 shares of the company’s stock on Mar 26 ’24. The stock was sold for $485,880 at an average price of $27.94. Upon completion of the transaction, the President & CEO, Gap Brand now directly owns 123,985 shares in the company, valued at $2.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 26 ’24, Chief Financial Officer O’Connell Katrina sold 9,818 shares of the business’s stock. A total of $274,270 was realized by selling the stock at an average price of $27.94. A total of 40.81% 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.
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.
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