In recent trading session, Gap, Inc. (NYSE:GPS) saw 2.48 million shares changing hands at last check today with its beta currently measuring 2.27. Company’s recent per share price level of $28.12 trading at -$0.36 or -1.26% at last check today assigns it a market valuation of $10.50B. That most recent trading price of GPS’s stock is at a discount of -1.67% from its 52-week high price of $28.59 and is indicating a premium of 74.32% 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 14.51 million shares which gives us an average trading volume of 7.36 million if we extend that period to 3-months.
Gap, Inc. (NYSE:GPS) trade information
Upright in the red during last session for losing -1.26%, in the last five days GPS remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $28.12 price level, adding 1.64% to its value on the day. Gap, Inc.’s shares saw a change of 34.48% in year-to-date performance and have moved 19.20% in past 5-day. Gap, Inc. (NYSE:GPS) showed a performance of 47.30% in past 30-days. Number of shares sold short was 29.58 million shares which calculate 5.84 days to cover the short interests.
Gap, Inc. (GPS) estimates and forecasts
Statistics highlight that Gap, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 174.88% of value to its shares in past 6 months, showing an annual growth rate of -4.90% while that of industry is 6.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 1,200.00% in the current quarter and calculating -2.90% decrease in the next quarter. This year revenue growth is estimated to fall -0.60% 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 $3.28 billion for the same. And 14 analysts are in estimates of company making revenue of $3.56 billion in the next quarter that will end on Jul 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 -12.38% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -3.51% while estimates for its earnings growth in next 5 years are of 14.40%.
GPS Dividends
Gap, Inc. is more likely to be releasing its next quarterly report between May 23 and May 27 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 41.39% of company’s total shares while institution are holding 59.98 percent of that, with stock having share float percentage of 102.34%. Investors also watch the number of corporate investors in a company very closely, which is 59.98% institutions for Gap, Inc. that are currently holding shares of the company. Dodge & Cox Inc is the top institutional holder at GPS for having 37.09 million shares of worth $1.05 billion. And as of Dec 30, 2023, it was holding 9.93% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 20.05 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 5.37% of outstanding shares, having a total worth of $567.22 million.
On the other hand, Dodge & Cox Stock Fund and iShares Core S&P Midcap ETF are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 26.88 million shares of worth $760.39 million or 7.20% of the total outstanding shares. The later fund manager was in possession of 6.5 million shares on Jan 30, 2024, making its stake of worth around $184.0 million in the company or a holder of 1.74% of company’s stock.
