In today’s recent session, 2.14 million shares of the Gap, Inc. (NYSE:GPS) have been traded, and its beta is 2.33. Most recently the company’s share price was $20.89, and it changed around $0.14 or 0.67% from the last close, which brings the market valuation of the company to $7.80B. GPS at last check was trading at a discount to its 52-week high of $28.59, offering almost -36.86% off that amount. The share price’s 52-week low was $7.22, which indicates that the recent value has risen by an impressive 65.44% since then. We note from Gap, Inc.’s average daily trading volume that its 3-month average coming to 7.78 million.
Gap, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.80. If we narrow it down even further, the data shows that 3 out of 27 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 19 recommended GPS as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Gap, Inc. is expected to report earnings per share of $0.13 for the current quarter.
Gap, Inc. (NYSE:GPS) trade information
Instantly GPS has been showing a green trend so far today with a performance of 0.67% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -0.10% year-to-date, but still down -0.43% over the last five days. On the other hand, Gap, Inc. (NYSE:GPS) is -25.61% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $17.27, which translates to bulls needing to decrease their stock price by -20.96% from its current value. Analyst projections state that GPS is forecast to be at a low of $8 and a high of $40.
Gap, Inc. (GPS) estimates and forecasts
Gap, Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 76.44 percent over the past six months and at a -4.90% annual growth rate that is well below the industry average of 8.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 1,200.00% in revenue this quarter, and will report a decrease of -2.90% in the next quarter. The year-over-year growth rate is expected to be -0.60%, down from the previous year.
Consensus estimates provided by 14 financial analysts predict the company will bring in an average of $3.28 billion in revenue for the current quarter. 14 analysts expect Gap, Inc. to make $3.56 billion in revenue for the quarter ending Jul 2024.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -12.38%. Gap, Inc. earnings are expected to increase by -2.03% in 2024, but the outlook is positive 14.40% per year for the next five years.
GPS Dividends
Gap, Inc.’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 2.87 percent and its annual dividend per share was 0.60. It is important to note, however, that the 2.87% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
