During the last session, Gap, Inc. (NYSE:GPS)’s traded shares were 7.89 million, with the beta value of the company hitting 2.29. At the end of the trading day, the stock’s price was $24.69, reflecting an intraday loss of -4.60% or -$1.19. The 52-week high for the GPS share is $28.59, that puts it down -15.8 from that peak though still a striking 70.76% gain since the share price plummeted to a 52-week low of $7.22. The company’s market capitalization is $9.22B, and the average intraday trading volume over the past 10 days was 8.63 million shares, and the average trade volume was 7.63 million shares over the past three months.
Gap, Inc. (NYSE:GPS) trade information
Gap, Inc. (GPS) registered a -4.60% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.60% in intraday trading to $24.69, hitting a weekly high. The stock’s 5-day price performance is -9.53%, and it has moved by 23.45% in 30 days. Based on these gigs, the overall price performance for the year is 141.35%. The short interest in Gap, Inc. (NYSE:GPS) is 34.5 million shares and it means that shorts have 3.64 day(s) to cover.
Gap, Inc. (GPS) estimates and forecasts
Statistics show that Gap, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Gap, Inc. (GPS) shares have gone up 141.11% during the last six months, with a year-to-date growth rate less than the industry average at -4.90% against 9.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 1,200.00% this quarter and then drop -2.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -0.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $3.28 billion as predicted by 14 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to $3.56 billion by the end of Jul 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -12.38%. While earnings are projected to return -2.59% in 2024, the next five years will return 14.40% per annum.
GPS Dividends
Gap, Inc. is due to release its next quarterly earnings between May 23 and May 27. 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 Gap, Inc. is 0.60, with the dividend yield indicating at 2.43 percent, continuing the trend of increasing dividends in recent years.
Gap, Inc. (NYSE:GPS)’s Major holders
Gap, Inc. insiders own 40.36% of total outstanding shares while institutional holders control 60.26%, with the float percentage being 101.04%. Dodge & Cox Inc is the largest shareholder of the company, while 523 institutions own stock in it. As of Jun 29, 2023, the company held over 37.48 million shares (or 10.18% of all shares), a total value of $334.68 million in shares.
The next largest institutional holding, with 26.8 million shares, is of Vanguard Group Inc’s that is approximately 7.28% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $239.35 million.
Also, the Mutual Funds coming in first place with the largest holdings of Gap, Inc. (GPS) shares are Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2023 indicates that Dodge & Cox Stock Fund owns about 26.73 million shares. This amounts to just over 7.26 percent of the company’s overall shares, with a $238.7 million market value. The same data shows that the other fund manager holds slightly less at 8.75 million, or about 2.38% of the stock, which is worth about $78.11 million.
