With over 7.9 million Gap, Inc. (GPS) shares trading Monday and a closing price of $21.93 on the day, the dollar volume was approximately $173.21 million. The shares have shown a positive half year performance of 125.15% and its price on 12/11/23 gained nearly 1.15%. Currently, there are 366.00M common shares owned by the public and among those 210.30M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 22 analysts who have offered their price forecasts for GPS have a consensus price objective of $16.67. The analysts have set the share’s price value over the next 12 months at a high of $25.00 and a low of $8.00. The average price target is -31.55% below its recent price level and a downside to the estimated low will see the stock lose -174.12% over that period. But an upside of 12.28% will see the stock hit the forecast high price target while median target price for the stock is $16.00.
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Insiders at the company have transacted a total of 91 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 44 of these insider trades were purchases, accounting for 1,544,574 shares. Insider sales of the common stock occurred on 47 occasions, with total insider shares sold totaling 1,342,567 shares.
Shares of Gap, Inc. (NYSE: GPS) opened at $21.77, up $0.09 from a prior closing price of $21.68. However, the script later moved the day high at 22.08, up 1.15%. The company’s stock has a 5-day price change of 5.23% and 95.80% over the past three months. GPS shares are trading 94.41% year to date (YTD), with the 12-month market performance up to 50.41% higher. It has a 12-month low price of $7.22 and touched a high of $21.81 over the same period. GPS has an average intraday trading volume of 9.37 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 19.56%, 50.47%, and 100.02% respectively.
Institutional ownership of Gap, Inc. (NYSE: GPS) shares accounts for 64.24% of the company’s 366.00M shares outstanding.
It has a market capitalization of $8.13B and a beta (3y monthly) value of 2.18. The stock’s trailing 12-month PE ratio is 215.63, while the earnings-per-share (ttm) stands at $0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.57% over the week and 3.77% over the month.
Analysts forecast that Gap, Inc. (GPS) will achieve an EPS of $0.22 for the current quarter, $0.1 for the next quarter and $1.2 for 2025. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.34. Comparatively, EPS for the current quarter was -$0.75 a year ago. Earnings per share for the fiscal year are expected to increase by 385.96%, and 3.36% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 22 brokerage firm advisors rate Gap, Inc. (GPS) as a “Moderate Buy” at a consensus score of 2.82. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 10 of the 22 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the GPS, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Market Perform rating for the stock in a research note on November 17, 2023, with the firm’s price target at $11-$17.
