Currently, there are 372.00M common shares owned by the public and among those 225.56M shares have been available to trade.
The company’s stock has a 5-day price change of 8.73% and -5.24% over the past three months. GAP shares are trading 5.45% year to date (YTD), with the 12-month market performance up to 108.41% higher. It has a 12-month low price of $9.71 and touched a high of $30.75 over the same period. GAP has an average intraday trading volume of 6.49 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 6.27%, 0.64%, and -0.37% respectively.
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Institutional ownership of Gap, Inc. (NYSE: GAP) shares accounts for 63.07% of the company’s 372.00M shares outstanding.
It has a market capitalization of $8.30B and a beta (3y monthly) value of 2.34. The stock’s trailing 12-month PE ratio is 10.93, while the earnings-per-share (ttm) stands at $2.02. The company has a PEG of 0.76 and a Quick Ratio of 0.84 with the debt-to-equity ratio at 1.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.54% over the week and 4.16% over the month.
Earnings per share for the fiscal year are expected to increase by 30.85%, and 9.05% 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 GAP, 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 August 30, 2024, with the firm’s price target at $29-$26. BofA Securities coverage for the Gap, Inc. (GAP) stock in a research note released on July 31, 2024 offered a Neutral rating with a price target of $25. Morgan Stanley was of a view on July 18, 2024 that the stock is Overweight, while TD Cowen gave the stock Buy rating on June 25, 2024, issuing a price target of $28- $30. Telsey Advisory Group on their part issued Market Perform rating on May 31, 2024.
