In yesterday’s Wall Street session, Gap, Inc. (NYSE:GPS) shares traded at $23.52, down -0.68% from the previous session.
GPS stock price is now 0.12% away from the 50-day moving average and 9.23% away from the 200-day moving average. The market capitalization of the company currently stands at $8.82B.
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With the price target enhanced from $18.50 to $25, BofA Securities Upgraded its rating from Underperform to Neutral for Gap, Inc. (NYSE: GPS). On July 18, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $27 to quote $29, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Gardner Tracy, Director sold 2,934 shares of the company’s stock on Jul 01 ’24. The stock was sold for $68,890 at an average price of $23.48. Upon completion of the transaction, the Director now directly owns 51,901 shares in the company, valued at $1.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 24 ’24, President & CEO, Old Navy Barbeito Horacio sold 198 shares of the business’s stock. A total of $4,923 was realized by selling the stock at an average price of $24.81. A total of 40.55% of the company’s stock is owned by insiders.
During the past 12 months, Gap, Inc. has had a low of $9.38 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 $12590566400, which is based on a 13.10 price-to-earnings ratio, a 0.91 price-to-earnings-growth ratio, and a beta of 2.35. The fifty day moving average price for GPS is $23.453 and a two-hundred day moving average price translates $21.58455 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.
