Currently, there are 377.00M common shares owned by the public and among those 245.41M shares have been available to trade.
The company’s stock has a 5-day price change of -5.94% and 3.90% over the past three months. GAP shares are trading -4.15% year to date (YTD), with the 12-month market performance up to 8.06% higher. It has a 12-month low price of $18.34 and touched a high of $30.75 over the same period. GAP has an average intraday trading volume of 5.75 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 -5.47%, -3.69%, and -0.71% respectively.
Institutional ownership of Gap, Inc (NYSE: GAP) shares accounts for 63.50% of the company’s 377.00M shares outstanding.
It has a market capitalization of $8.54B and a beta (3y monthly) value of 2.35. The stock’s trailing 12-month PE ratio is 10.53, while the earnings-per-share (ttm) stands at $2.15. The company has a PEG of 0.22 and a Quick Ratio of 0.84 with the debt-to-equity ratio at 1.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.73% over the week and 3.44% over the month.
Analysts forecast that Gap, Inc (GAP) will achieve an EPS of 0.38 for the current quarter, 0.47 for the next quarter and 2.12 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.36 while analysts give the company a high EPS estimate of 0.36. Comparatively, EPS for the current quarter was 0.49 a year ago. Earnings per share for the fiscal year are expected to increase by 41.93%, and 7.00% over the next financial year. EPS should grow at an annualized rate of 48.00% 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. UBS stated their Neutral rating for the stock in a research note on January 10, 2025, with the firm’s price target at $16-$26. JP Morgan coverage for the Gap, Inc (GAP) stock in a research note released on December 02, 2024 offered a Overweight rating with a price target of $30. Telsey Advisory Group was of a view on August 30, 2024 that the stock is Market Perform, while BofA Securities gave the stock Neutral rating on July 31, 2024, issuing a price target of $18.50- $25. Morgan Stanley on their part issued Overweight rating on July 18, 2024.
