The Gap, Inc. (NYSE:GPS) has a beta value of 1.46 and has seen 134,000,000 shares traded in the last trading session. The company, currently valued at $4.51 Billion, closed the last trade at $12.07 per share which meant it gained $1.91 on the day or 18.8% during that session. The GPS stock price is -64.54% off its 52-week high price of $19.86 and 56.42% above the 52-week low of $5.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 28.78 Million shares traded. The 3-month trading volume is 16.02 Million shares.
The consensus among analysts is that The Gap, Inc. (GPS) is a Hold stock at the moment, with a recommendation rating of 3.2. 3 analysts rate the stock as a Sell, while none rate it as Overweight. 18 out of 24 have rated it as a Hold, with 2 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.41.
The Gap, Inc. (NYSE:GPS) trade information
Sporting 18.8% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Jun 26 when the GPS stock price touched $14.45- or saw a rise of 16.46%. Year-to-date, The Gap, Inc. shares have moved -31.73%, while the 5-day performance has seen it change 13.23%. Over the past 30 days, the shares of The Gap, Inc. (NYSE:GPS) have changed 35.16%. Short interest in the company has seen 34.16 Million shares shorted with days to cover at 2.13.
Wall Street analysts have a consensus price target for the stock at $11.1, which means that the shares’ value could jump -8.04% from current levels. The projected low price target is $6 while the price target rests at a high of $19. In that case, then, we find that the current price level is +57.42% off the targeted high while a plunge would see the stock lose -50.29% from current levels.
The Gap, Inc. (GPS) estimates and forecasts
Figures show that The Gap, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -32.68% over the past 6 months, with this year growth rate of -216.24%, compared to -27% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -165.1% and -54.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be -19.9%.
19 analysts offering their estimates for the company have set an average revenue estimate of $2.89 Billion for the current quarter. 19 have an estimated revenue figure of $3.68 Billion for the next quarter concluding in October 01, 2020. Year-ago sales stood $4Billion and $4Billion respectively for this quarter and the next, and analysts expect sales will grow by -27.9% for the current quarter and -7.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.9% over the past 5 years. Earnings growth for 2020 is a modest -62.3% while over the next 5 years, the company’s earnings are expected to increase by 0%.
The Gap, Inc. (NYSE:GPS)’s Major holders
Insiders own 44.28% of the company shares, while shares held by institutions stand at 63.54% with a share float percentage of 114.03%. Investors are also buoyed by the number of investors in a company, with The Gap, Inc. having a total of 612 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 29.38 Million shares worth more than $206.82 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 7.87% of shares outstanding.
The other major institutional holder is Dodge & Cox Inc, with the holding of over 28.66 Million shares as of March 30, 2020. The firm’s total holdings are worth over $201.77 Million and represent 7.67% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Parnassus Endeavor Fund and Dodge & Cox Stock Fund. As of March 30, 2020, the former fund manager holds about 55.34% shares in the company for having 207000000 shares of worth $1.45 Billion while later fund manager owns 18.76 Million shares of worth $132.05 Million as of March 30, 2020, which makes it owner of about 5.02% of company’s outstanding stock.