Stocks of Gap, Inc. (NYSE:GAP) traded higher last session on Wall Street, down -0.26% to $23.28.
GAP stock price is now -0.03% away from the 50-day moving average and 6.82% away from the 200-day moving average. The market capitalization of the company currently stands at $8.73B.
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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: GAP). 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, Gilligan Sarah, Chief Sup Chn & Transform Ofcr sold 12,000 shares of the company’s stock on Aug 23 ’24. The stock was sold for $300,000 at an average price of $25.00. Upon completion of the transaction, the Chief Sup Chn & Transform Ofcr 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 Aug 23 ’24, President & CEO, Gap Brand Breitbard Mark sold 93,808 shares of the business’s stock. A total of $2,345,200 was realized by selling the stock at an average price of $25.00. This leaves the insider owning 123,985 shares of the company worth $2.89 million. A total of 40.50% of the company’s stock is owned by insiders.
During the past 12 months, Gap, Inc. has had a low of $9.71 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 $12523055104, which is based on a 12.97 price-to-earnings ratio, a 0.90 price-to-earnings-growth ratio, and a beta of 2.35. The fifty day moving average price for GAP is $23.2538 and a two-hundred day moving average price translates $21.84305 for the stock.
The latest earnings results from Gap, Inc. (NYSE: GAP) was released for 2024-05-04. The net profit margin was 4.52% and return on equity was 27.72% for GAP.
