In last trading session, The Gap Inc. (NYSE:GPS) saw 24.39 million shares changing hands with its beta currently measuring 1.92. Company’s recent per share price level of $11.20 trading at $0.21 or 1.91% at ring of the bell on the day assigns it a market valuation of $4.23B. That closing price of GPS’s stock is at a discount of -38.3% from its 52-week high price of $15.49 and is indicating a premium of 35.54% from its 52-week low price of $7.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.41 million shares which gives us an average trading volume of 7.54 million if we extend that period to 3-months.
For The Gap Inc. (GPS), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 21 analysts covering the stock, 2 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 11 suggested the stock as a Hold whereas 3 see the stock as a Buy. 4 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.16 in the current quarter.
The Gap Inc. (NYSE:GPS) trade information
Upright in the green during last session for gaining 1.91%, in the last five days GPS remained trading in the red while hitting it’s week-highest on Friday, 09/15/23 when the stock touched $11.20 price level, adding 2.27% to its value on the day. The Gap Inc.’s shares saw a change of -0.71% in year-to-date performance and have moved -0.62% in past 5-day. The Gap Inc. (NYSE:GPS) showed a performance of 9.70% in past 30-days. Number of shares sold short was 38.85 million shares which calculate 4.94 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $10.81 to the stock, which implies a fall of -3.61% to its current value. Analysts have been projecting $6.00 as a low price target for the stock while placing it at a high target of $18.00. It follows that stock’s current price would drop -60.71% in reaching the projected high whereas dropping to the targeted low would mean a gain of 46.43% for stock’s current value.
The Gap Inc. (GPS) estimates and forecasts
Statistics highlight that The Gap Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 11.67% of value to its shares in past 6 months, showing an annual growth rate of 275.00% while that of industry is -5.10. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -77.50% in the current quarter and calculating 120.00% increase in the next quarter. This year revenue growth is estimated to fall -5.90% from the last financial year’s standing.
13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.6 billion for the same. And 13 analysts are in estimates of company making revenue of $4.26 billion in the next quarter that will end on Jan 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -17.60% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -188.60% while estimates for its earnings growth in next 5 years are of -3.21%.
The Gap Inc. is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
The Gap Inc. (NYSE:GPS)’s Major holders
Insiders are in possession of 44.54% of company’s total shares while institution are holding 60.38 percent of that, with stock having share float percentage of 108.89%. Investors also watch the number of corporate investors in a company very closely, which is 60.38% institutions for The Gap Inc. that are currently holding shares of the company. Dodge & Cox Inc is the top institutional holder at GPS for having 37.48 million shares of worth $334.68 million. And as of Jun 29, 2023, it was holding 10.18% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 26.8 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 7.28% of outstanding shares, having a total worth of $239.35 million.
On the other hand, Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 26.73 million shares of worth $238.7 million or 7.26% of the total outstanding shares. The later fund manager was in possession of 8.75 million shares on Jun 29, 2023, making its stake of worth around $78.11 million in the company or a holder of 2.38% of company’s stock.