Stocks of Gap, Inc. (NYSE:GPS) traded higher last session on Wall Street, down -0.69% to $24.45.
GPS stock price is now 6.45% away from the 50-day moving average and 26.57% away from the 200-day moving average. The market capitalization of the company currently stands at $9.17B.
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With the price target enhanced from $28 to $30, TD Cowen Upgraded its rating from Hold to Buy for Gap, Inc. (NYSE: GPS). On May 31, 2024, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $22 to quote $29, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Barbeito Horacio, President & CEO, Old Navy sold 198 shares of the company’s stock on Jun 24 ’24. The stock was sold for $4,923 at an average price of $24.81. Upon completion of the transaction, the President & CEO, Old Navy 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 Jun 03 ’24, Chief Legal&Compliance Officer Gruber Julie sold 74,252 shares of the business’s stock. A total of $2,227,560 was realized by selling the stock at an average price of $30.00. This leaves the insider owning 1,384 shares of the company worth $33838.8. A total of 40.61% of the company’s stock is owned by insiders.
During the past 12 months, Gap, Inc. has had a low of $8.51 and a high of $30.75. 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 $12939378688, which is based on a 13.62 price-to-earnings ratio, a 0.95 price-to-earnings-growth ratio, and a beta of 2.38. The fifty day moving average price for GPS is $23.0208 and a two-hundred day moving average price translates $19.3829 for the stock.
The latest earnings results from Gap, Inc. (NYSE: GPS) was released for 2024-05-04. 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.
