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The Gap Inc. (NYSE: GPS) Is Likely To Shrink By -8.12% Or More

During the recent session, The Gap Inc. (NYSE:GPS)’s traded shares were 0.65 million, with the beta value of the company hitting 1.75. At the last check today, the stock’s price was $9.72, reflecting an intraday loss of -0.31% or -$0.03. The 52-week high for the GPS share is $31.04, that puts it down -219.34 from that peak though still a striking 19.86% gain since the share price plummeted to a 52-week low of $7.79. The company’s market capitalization is $3.31B, and the average intraday trading volume over the past 10 days was 6.53 million shares, and the average trade volume was 10.07 million shares over the past three months.

The Gap Inc. (GPS) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.80. GPS has a Sell rating from 4 analyst(s) out of 23 analysts who have looked at this stock. 14 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 3 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.05.

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The Gap Inc. (NYSE:GPS) trade information

The Gap Inc. (GPS) registered a -0.31% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.31% in intraday trading to $9.72 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 1.99%, and it has moved by 13.77% in 30 days. Based on these gigs, the overall price performance for the year is -64.02%. The short interest in The Gap Inc. (NYSE:GPS) is 28.54 million shares and it means that shorts have 3.06 day(s) to cover.

The consensus price target of analysts on Wall Street is $8.99, which implies a decrease of -8.12% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.00 and $18.00 respectively. As a result, GPS is trading at a discount of -85.19% off the target high and 48.56% off the low.

The Gap Inc. (GPS) estimates and forecasts

Statistics show that The Gap Inc. has underperformed its competitors in share price, compared to the industry in which it operates. The Gap Inc. (GPS) shares have gone down -44.85% during the last six months, with a year-to-date growth rate less than the industry average at -103.47% against -6.30. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -107.10% this quarter and then drop -44.40% in the quarter after that. In the rating firms’ projections, revenue will decrease -5.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $3.82 billion as predicted by 15 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to $3.83 billion by the end of Oct 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -18.10%. While earnings are projected to return 129.50% in 2022, the next five years will return -9.40% per annum.

GPS Dividends

The Gap Inc. is due to release its next quarterly earnings between August 24 and August 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for The Gap Inc. is 0.60, with the dividend yield indicating at 6.15 percent, continuing the trend of increasing dividends in recent years.

The Gap Inc. (NYSE:GPS)’s Major holders

The Gap Inc. insiders own 45.30% of total outstanding shares while institutional holders control 59.96%, with the float percentage being 109.61%. Dodge & Cox Inc is the largest shareholder of the company, while 507 institutions own stock in it. As of Mar 30, 2022, the company held over 38.36 million shares (or 10.43% of all shares), a total value of $376.71 million in shares.

The next largest institutional holding, with 25.36 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 6.89% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $249.06 million.

Also, the Mutual Funds coming in first place with the largest holdings of The Gap Inc. (GPS) shares are Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2022 indicates that Dodge & Cox Stock Fund owns about 26.57 million shares. This amounts to just over 7.22 percent of the company’s overall shares, with a $260.96 million market value. The same data shows that the other fund manager holds slightly less at 8.27 million, or about 2.25% of the stock, which is worth about $81.19 million.

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