In yesterday’s Wall Street session, Gap, Inc (NYSE:GAP) shares traded at $20.77, down -3.22% from the previous session.
GAP stock price is now -3.03% away from the 50-day moving average and -6.43% away from the 200-day moving average. The market capitalization of the company currently stands at $7.82B.
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With the price target reduced from $29 to $26, Telsey Advisory Group maintained Market Perform rating for Gap, Inc (NYSE: GAP). On July 31, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock increasing its target price from $18.50 to quote $25, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Gilligan Sarah, Chief Sup Chn & Transform Ofcr sold 8,851 shares of the company’s stock on Sep 17 ’24. The stock was sold for $182,441 at an average price of $20.61. 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 Sep 12 ’24, President & CEO, Old Navy Barbeito Horacio sold 75,385 shares of the business’s stock. A total of $1,507,700 was realized by selling the stock at an average price of $20.00. A total of 39.92% of the company’s stock is owned by insiders.
During the past 12 months, Gap, Inc has had a low of $12.51 and a high of $30.75. As of last week, the company has a debt-to-equity ratio of 1.88, a current ratio of 1.49, and a quick ratio of 0.84. According to the stock market information, the enterprise value for the company is $11129102336, which is based on a 10.30 price-to-earnings ratio, a 0.21 price-to-earnings-growth ratio, and a beta of 2.34. The fifty day moving average price for GAP is $21.42 and a two-hundred day moving average price translates $22.19685 for the stock.
The latest earnings results from Gap, Inc (NYSE: GAP) was released for 2024-08-03. The net profit margin was 5.06% and return on equity was 29.71% for GAP. The company reported revenue of $3.72 billion for the quarter, compared to $3.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.85 percent.
