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Gap, Inc. (GAP) Is Up 11.33% in 2024 With Lots of Room to Run

Gap, Inc. (NYSE: GAP) is 11.33% higher on its value in year-to-date trading and has touched a low of $9.71 and a high of $30.75 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 GAP stock was last observed hovering at around $23.34 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $23.28, the stock is 1.37% and -0.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.0 million and changing -0.26% at the moment leaves the stock 6.82% off its SMA200. GAP registered 127.79% gain for a year compared to 6-month gain of 18.17%.

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The stock witnessed a 4.68% loss in the last 1 month and extending the period to 3 months gives it a 14.40%, and is -1.02% down 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 4.39% over the week and 4.85% over the month.

Gap, Inc. (GAP) has around 85000 employees, a market worth around $8.73B and $15.00B in sales. Current P/E ratio is 12.97 and Fwd P/E is 12.04. Profit margin for the company is 4.52%. Distance from 52-week low is 139.75% and -24.29% from its 52-week high. The company has generated returns on investments over the last 12 months (8.94%).

The EPS is expected to grow by 23.65% this year.

Gap, Inc. (GAP) Top Institutional Holders

615.0 institutions hold shares in Gap, Inc. (GAP), with institutional investors hold 109.34% of the company’s shares. The shares outstanding are 372.00M, and float is at 223.18M with Short Float at 13.43%. Institutions hold 64.56% of the Float.

Gap, Inc. (GAP) Insider Activity

The most recent transaction is an insider sale by Gilligan Sarah, the company’s Chief Sup Chn & Transform Ofcr. SEC filings show that Gilligan Sarah sold 12,000 shares of the company’s common stock on Aug 23 ’24 at a price of $25.00 per share for a total of $0.3 million. Following the sale, the insider now owns 0.0 shares.

Gap, Inc. disclosed in a document filed with the SEC on Aug 23 ’24 that Breitbard Mark (President & CEO, Gap Brand) sold a total of 93,808 shares of the company’s common stock. The trade occurred on Aug 23 ’24 and was made at $25.00 per share for $2.35 million. Following the transaction, the insider now directly holds 0.12 million shares of the GAP stock.

Still, SEC filings show that on Jul 01 ’24, Gardner Tracy (Director) disposed off 2,934 shares at an average price of $23.48 for $68890.0. The insider now directly holds 51,901 shares of Gap, Inc. (GAP).

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