Currently, there are 372.00M common shares owned by the public and among those 222.74M shares have been available to trade.
The company’s stock has a 5-day price change of -6.17% and -14.61% over the past three months. GPS shares are trading 11.29% year to date (YTD), with the 12-month market performance up to 163.83% higher. It has a 12-month low price of $8.58 and touched a high of $30.75 over the same period. GPS has an average intraday trading volume of 8.29 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 -9.87%, 0.58%, and 19.26% respectively.
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Institutional ownership of Gap, Inc. (NYSE: GPS) shares accounts for 61.25% of the company’s 372.00M shares outstanding.
It has a market capitalization of $8.73B and a beta (3y monthly) value of 2.37. The stock’s trailing 12-month PE ratio is 12.97, while the earnings-per-share (ttm) stands at $1.79. The company has a PEG of 0.90 and a Quick Ratio of 0.80 with the debt-to-equity ratio at 2.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.27% over the week and 4.76% over the month.
Earnings per share for the fiscal year are expected to increase by 21.56%, and 8.45% over the next financial year. EPS should grow at an annualized rate of 14.40% over the next five years, compared to -12.38% over the past 5-year period.
Looking at the support for the GPS, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on June 25, 2024, with the firm’s price target at $28-$30. Telsey Advisory Group coverage for the Gap, Inc. (GPS) stock in a research note released on May 31, 2024 offered a Market Perform rating with a price target of $29. Citigroup was of a view on May 07, 2024 that the stock is Buy, while Telsey Advisory Group gave the stock Market Perform rating on March 08, 2024, issuing a price target of $17- $22. JP Morgan on their part issued Neutral rating on February 26, 2024.
