In recent trading session, Gap, Inc. (NYSE:GPS) saw 26.65 million shares changing hands at last check today with its beta currently measuring 1.88. Company’s recent per share price level of $17.92 trading at $4.25 or 31.06% at last check today assigns it a market valuation of $6.63B. That most recent trading price of GPS’s stock is at a premium of 13.56% from its 52-week high price of $15.49 and is indicating a premium of 59.71% 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 7.44 million shares which gives us an average trading volume of 8.00 million if we extend that period to 3-months.
For Gap, Inc. (GPS), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.91. Splitting up the data highlights that, out of 22 analysts covering the stock, 2 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 10 suggested the stock as a Hold whereas 4 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.
Gap, Inc. (NYSE:GPS) trade information
Upright in the green today for gaining 31.06%, in the last five days GPS remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $17.92 price level, subtracting -0.06% to its value on the day. Gap, Inc.’s shares saw a change of 58.83% in year-to-date performance and have moved 32.90% in past 5-day. Gap, Inc. (NYSE:GPS) showed a performance of 49.55% in past 30-days. Number of shares sold short was 37.27 million shares which calculate 4.78 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $14.71 to the stock, which implies a fall of -21.82% to its recent value today. Analysts have been projecting $6.00 as a low price target for the stock while placing it at a high target of $22.00. It follows that stock’s current price would drop -22.77% in reaching the projected high whereas dropping to the targeted low would mean a gain of 66.52% for stock’s current value.
Gap, Inc. (GPS) estimates and forecasts
Statistics highlight that Gap, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 130.28% of value to its shares in past 6 months, showing an annual growth rate of 280.00% while that of industry is -8.00. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 121.30% in the current quarter and calculating 800.00% increase in the next quarter. This year revenue growth is estimated to fall -5.80% from the last financial year’s standing.
14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.26 billion for the same. And 8 analysts are in estimates of company making revenue of $3.28 billion in the next quarter that will end on Apr 2024.
In 2023, company’s earnings growth rate is likely to be around 361.44% while estimates for its earnings growth in next 5 years are of -3.21%.
Gap, Inc. is more likely to be releasing its next quarterly report on November 16 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.
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 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.