Gap, Inc. (NYSE: GPS) is 12.82% higher on its value in year-to-date trading and has touched a low of $7.22 and a high of $23.30 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GPS stock was last observed hovering at around $23.00 in the last trading session, with the day’s gains setting it 0.59%.
Currently trading at $23.59, the stock is 17.47% and 18.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.41 million and changing 2.57% at the moment leaves the stock 63.58% off its SMA200. GPS registered 141.95% gain for a year compared to 6-month gain of 114.65%. The firm has a 50-day simple moving average (SMA 50) of $0.83 and a 200-day simple moving average (SMA200) of $11.38.
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The stock witnessed a 17.25% loss in the last 1 month and extending the period to 3 months gives it a 11.12%, and is 12.76% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.95% over the week and 4.15% over the month.
Gap, Inc. (GPS) has around 95000 employees, a market worth around $8.75B and $14.89B in sales. Current P/E ratio is 17.64 and Fwd P/E is 15.00. Profit margin for the company is 3.37%. Distance from 52-week low is 226.73% and 1.24% from its 52-week high. The company has generated returns on investments over the last 12 months (6.75%).
Gap, Inc. quarterly earnings per share for the current quarter are estimated at $0.13 with sales reaching $3.28B over the same period.The EPS is expected to shrink by -3.51% this year, but quarterly earnings will post -0.60% year-over-year.
Gap, Inc. (GPS) Top Institutional Holders
520 institutions hold shares in Gap, Inc. (GPS), with institutional investors hold 103.62% of the company’s shares. The shares outstanding are 366.00M, and float is at 212.59M with Short Float at 13.91%. Institutions hold 60.41% of the Float.
The top institutional shareholder in the company is Dodge & Cox Inc with over 37.48 million shares valued at $334.68 million. The investor’s holdings represent 10.18% of the GPS Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 26.8 million shares valued at $239.35 million to account for 7.28% of the shares outstanding. The other top investors are Blackrock Inc. which holds 21.58 million shares representing 5.86% and valued at over $192.67 million, while Dimensional Fund Advisors LP holds 2.95% of the shares totaling 10.87 million with a market value of $97.03 million.
Gap, Inc. (GPS) Insider Activity
The most recent transaction is an insider sale by O’Connell Katrina,the company’sChief Financial Officer. SEC filings show that O’Connell Katrina sold 45,266 shares of the company’s common stock on Mar 14 ’24 at a price of $22.58 per share for a total of $1.02 million. Following the sale, the insider now owns 0.0 shares.
Gap, Inc. disclosed in a document filed with the SEC on Mar 14 ’24 that Gilligan Sarah (Chief Sup Chn & Transform Ofcr) sold a total of 29,425 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $22.58 per share for $0.66 million. Following the transaction, the insider now directly holds 0.0 shares of the GPS stock.
Still, SEC filings show that on Mar 12 ’24, Gruber Julie (Chief Legal&Compliance Officer) disposed off 24,180 shares at an average price of $23.00 for $0.56 million. The insider now directly holds 1,384 shares of Gap, Inc. (GPS).
