In today’s recent session, 2.6 million shares of the Gap, Inc. (NYSE:GAP) have been traded, and its beta is 2.35. Most recently the company’s share price was $22.55, and it changed around -$0.73 or -3.13% from the last close, which brings the market valuation of the company to $8.46B. GAP at last check was trading at a discount to its 52-week high of $30.75, offering almost -36.36% off that amount. The share price’s 52-week low was $9.71, which indicates that the recent value has risen by an impressive 56.94% since then. We note from Gap, Inc.’s average daily trading volume that its 10-day average is 5.9 million shares, with the 3-month average coming to 8.01 million.
Gap, Inc. (NYSE:GAP) trade information
Instantly GAP has been showing red trend so far today with a performance of -3.13% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 25.40 on recent trading dayincreased the stock’s daily price by 11.22%. The company’s shares are currently up 7.85% year-to-date, but still down -8.14% over the last five days. On the other hand, Gap, Inc. (NYSE:GAP) is -1.00% down in the 30-day period. We can see from the shorts that 29.97 million shares have been sold at a short interest cover period of 4.35 day(s).
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Gap, Inc. (GAP) estimates and forecasts
Gap, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 17.21 percent over the past six months and at a 23.08% annual growth rate that is well above the industry average of 13.60%. The year-over-year growth rate is expected to be 0.20%, up from the previous year.
Consensus estimates provided by 14 financial analysts predict the company will bring in an average of 3.63B in revenue for the current quarter. 14 analysts expect Gap, Inc. to make 3.84B in revenue for the current ending quarter.
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 23.65% in 2024, but the outlook is positive 14.40% per year for the next five years.
GAP Dividends
Gap, Inc.’s next quarterly earnings report is expected to be released on 2024-Aug-29. The annual dividend yield of the stock is 2.66 percent and its annual dividend per share was 0.60. It is important to note, however, that the 2.66% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.21 per year.
Gap, Inc. (NYSE:GAP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 40.96% of Gap, Inc. shares, and 64.56% of them are in the hands of institutional investors. The stock currently has a share float of 109.34%.
Dodge & Cox Stock Fund and Pacer U.S. Cash Cows 100 ETF were the top two Mutual Funds as of Jun 30, 2024 . The former held 22.29 shares worth $499.8 million, making up 5.94% of all outstanding shares. On the other hand, Pacer U.S. Cash Cows 100 ETF held roughly 9.18 shares worth around $205.74 million, which represents about 2.45% of the total shares outstanding.
