After finishing at $21.64 in the prior trading day, Gap, Inc. (NYSE: GPS) closed at $22.71, up 4.94%. In other words, the price has increased by $+1.07 from its previous closing price. On the day, 14217643 shares were traded. GPS stock price reached its highest trading level at $23.11 during the session, while it also had its lowest trading level at $21.62.
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Ratios:
Our goal is to gain a better understanding of GPS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.57. For the most recent quarter (mrq), Quick Ratio is recorded 0.78 and its Current Ratio is at 1.42. In the meantime, Its Debt-to-Equity ratio is 2.10 whereas as Long-Term Debt/Eq ratio is at 1.87.
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 this company, Telsey Advisory Group on March 08, 2024, Reiterated its Market Perform rating but revised its target price to $22 from $17 previously.
On February 26, 2024, JP Morgan Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $16 to $20.
Telsey Advisory Group reiterated its Market Perform rating for the stock on November 17, 2023, while the target price for the stock was revised from $11 to $17.
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 Dec 08 ’23 when FISHER JOHN J sold 1,021,670 shares for $21.69 per share. The transaction valued at 22,159,409 led to the insider holds 2,771,516 shares of the business.
FISHER JOHN J sold 478,330 shares of GPS for $10,227,317 on Dec 07 ’23. The 10% Owner now owns 3,793,186 shares after completing the transaction at $21.38 per share. On Dec 07 ’23, another insider, Gruber Julie, who serves as the Chief Legal&Compliance Officer of the company, sold 24,178 shares for $21.50 each. As a result, the insider received 519,827 and left with 24,375 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 8.42B and an Enterprise Value of 11.99B. As of this moment, Gap,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.98, and their Forward P/E ratio for the next fiscal year is 14.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57 while its Price-to-Book (P/B) ratio in mrq is 3.42. Its current Enterprise Value per Revenue stands at 0.81 whereas that against EBITDA is 13.06.
Stock Price History:
Over the past 52 weeks, GPS has reached a high of $22.08, while it has fallen to a 52-week low of $7.22. The 50-Day Moving Average of the stock is 19.88, while the 200-Day Moving Average is calculated to be 14.27.
Shares Statistics:
The stock has traded on average 6.96M shares per day over the past 3-months and 12.41M shares per day over the last 10 days, according to various share statistics. A total of 366.00M shares are outstanding, with a floating share count of 212.13M. Insiders hold about 42.80% of the company’s shares, while institutions hold 59.18% stake in the company. Shares short for GPS as of Feb 29, 2024 were 29.58M with a Short Ratio of 4.25, compared to 28.59M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.98% and a Short% of Float of 18.61%.
Dividends & Splits
In the trailing 12 months, GPS’s forward annual dividend rate was 0.60, compared to 0.60 this year. Against a Trailing Annual Dividend Yield of 2.77%, it implies a Forward Annual Dividend Yield of 2.64%. The stock’s 5-year Average Dividend Yield is 4.21. The current Payout Ratio is 44.78% for GPS, which recently paid a dividend on May 01, 2024 with an ex-dividend date of Apr 09, 2024. Stock splits for the company last occurred on Jun 22, 1999 when the company split stock in a 3:2 ratio.
Earnings Estimates
Its stock is currently analyzed by 15 different market analysts. On average, analysts expect EPS of $0.12 for the current quarter, with a high estimate of $0.2 and a low estimate of $0, while EPS last year was $0.01. The consensus estimate for the next quarter is $0.33, with high estimates of $0.45 and low estimates of $0.25.
Analysts are recommending an EPS of between $1.61 and $0.75 for the fiscal current year, implying an average EPS of $1.33. EPS for the following year is $1.54, with 17 analysts recommending between $1.8 and $0.8.
Revenue Estimates
A total of 19 analysts have provided revenue estimates for GPS’s current fiscal year. The highest revenue estimate was $14.96B, while the lowest revenue estimate was $14.63B, resulting in an average revenue estimate of $14.81B. In the same quarter a year ago, actual revenue was $14.89B, down -0.50% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $15.05B in the next fiscal year. The high estimate is $15.28B and the low estimate is $14.73B. The average revenue growth estimate for next year is up 1.60% from the average revenue estimate for this year.
