In yesterday’s Wall Street session, Gap, Inc. (NYSE:GPS) shares traded at $29.03, up 0.24% from the previous session.
GPS stock price is now 26.80% away from the 50-day moving average and 60.45% away from the 200-day moving average. The market capitalization of the company currently stands at $10.84B.
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With the price target enhanced from $22 to $29, Telsey Advisory Group maintained Market Perform rating for Gap, Inc. (NYSE: GPS). On May 07, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $21 to quote $28, while ‘Telsey Advisory Group’ rates the stock as ‘Market Perform’
In other news, O’Connell Katrina, Chief Financial Officer sold 20,000 shares of the company’s stock on May 31 ’24. The stock was sold for $580,174 at an average price of $29.01. Upon completion of the transaction, the Chief Financial Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 26 ’24, President & CEO, Gap Brand Breitbard Mark sold 17,392 shares of the business’s stock. A total of $485,880 was realized by selling the stock at an average price of $27.94. This leaves the insider owning 123,985 shares of the company worth $3.6 million. A total of 40.80% of the company’s stock is owned by insiders.
During the past 12 months, Gap, Inc. has had a low of $7.79 and a high of $29.08. As of last week, the company has a debt-to-equity ratio of 2.03, a current ratio of 1.50, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $14411068416, which is based on a 16.17 price-to-earnings ratio, a 1.12 price-to-earnings-growth ratio, and a beta of 2.34. The fifty day moving average price for GPS is $22.9062 and a two-hundred day moving average price translates $18.1872 for the stock.
The latest earnings results from Gap, Inc. (NYSE: GPS) was released for 2024-02-03. The net profit margin was 4.52% and return on equity was 27.72% for GPS. The company reported revenue of $3.39 billion for the quarter, compared to $3.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.42 percent.
