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Gap, Inc. (NYSE: GPS) closed the day trading at $23.97 down -1.44% from the previous closing price of $24.32. In other words, the price has decreased by -$1.44 from its previous closing price. On the day, 4.65 million shares were traded. GPS stock price reached its highest trading level at $24.72 during the session, while it also had its lowest trading level at $23.93.
Ratios:
For a better understanding of GPS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.81. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 2.03 whereas as Long-Term Debt/Eq ratio is at 1.80.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on June 25, 2024, Upgraded its rating to Buy and sets its target price to $30 from $28 previously.
On May 31, 2024, Telsey Advisory Group reiterated its Market Perform rating and also lowered its target price recommendation from $22 to $29.
Citigroup Upgraded its Neutral to Buy on May 07, 2024, whereas the target price for the stock was revised from $21 to $28.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 01 ’24 when Gardner Tracy sold 2,934 shares for $23.48 per share. The transaction valued at 68,890 led to the insider holds 51,901 shares of the business.
Barbeito Horacio sold 198 shares of GPS for $4,923 on Jun 24 ’24. The President & CEO, Old Navy now owns 0 shares after completing the transaction at $24.81 per share. On Jun 03 ’24, another insider, Gruber Julie, who serves as the Chief Legal&Compliance Officer of the company, sold 74,252 shares for $30.00 each. As a result, the insider received 2,227,560 and left with 1,384 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GPS now has a Market Capitalization of 8990355456 and an Enterprise Value of 12759347200. As of this moment, Gap,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.36, and their Forward P/E ratio for the next fiscal year is 12.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 3.32. Its current Enterprise Value per Revenue stands at 0.851 whereas that against EBITDA is 9.733.
Stock Price History:
Over the past 52 weeks, GPS has reached a high of $30.75, while it has fallen to a 52-week low of $9.02. The 50-Day Moving Average of the stock is 1.78%, while the 200-Day Moving Average is calculated to be 19.66%.
Shares Statistics:
Over the past 3-months, GPS traded about 8.11M shares per day on average, while over the past 10 days, GPS traded about 5777880 shares per day. A total of 372.00M shares are outstanding, with a floating share count of 223.35M. Insiders hold about 40.45% of the company’s shares, while institutions hold 61.29% stake in the company. Shares short for GPS as of 1719532800 were 34942130 with a Short Ratio of 4.31, compared to 1717113600 on 35376385. Therefore, it implies a Short% of Shares Outstanding of 34942130 and a Short% of Float of 17.940001.
Dividends & Splits
GPS’s forward annual dividend rate is 0.60, up from 0.6 a year ago. Against a Trailing Annual Dividend Yield of 0.024671054The stock’s 5-year Average Dividend Yield is 4.21.
