During the recent session, Gap, Inc. (NYSE:GAP)’s traded shares were 3.4 million, with the beta value of the company hitting 2.35. At the last check today, the stock’s price was $22.32, reflecting an intraday loss of -2.13% or -$0.48. The 52-week high for the GAP share is $30.75, that puts it down -37.77 from that peak though still a striking 56.5% gain since the share price plummeted to a 52-week low of $9.71. The company’s market capitalization is $8.37B, and the average intraday trading volume over the past 10 days was 6.83 million shares, and the average trade volume was 8.05 million shares over the past three months.
Gap, Inc. (NYSE:GAP) trade information
Gap, Inc. (GAP) registered a -2.13% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.13% in intraday trading to $22.32, hitting a weekly high. The stock’s 5-day price performance is -9.36%, and it has moved by -3.90% in 30 days. Based on these gigs, the overall price performance for the year is 96.95%. The short interest in Gap, Inc. (NYSE:GAP) is 29.97 million shares and it means that shorts have 4.35 day(s) to cover.
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Gap, Inc. (GAP) estimates and forecasts
Statistics show that Gap, Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Gap, Inc. (GAP) shares have gone up 17.08% during the last six months, with a year-to-date growth rate more than the industry average at 23.08% against 14.60. In the rating firms’ projections, revenue will increase 0.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.84B as predicted by 14 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to 4.06B by the end of current fiscal year.
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 31.36% in 2024, the next five years will return 14.40% per annum.
GAP Dividends
Gap, Inc. is due to release its next quarterly earnings on 2024-Nov-14. 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 2.69 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.21%.
Gap, Inc. (NYSE:GAP)’s Major holders
Gap, Inc. insiders own 40.96% of total outstanding shares while institutional holders control 64.56%, with the float percentage being 109.35%.
Also, the Mutual Funds coming in first place with the largest holdings of Gap, Inc. (GAP) shares are Dodge & Cox Stock Fund and Pacer U.S. Cash Cows 100 ETF. Data provided on Jun 30, 2024 indicates that Dodge & Cox Stock Fund owns about 22.29 shares. This amounts to just over 5.94 percent of the company’s overall shares, with a $498.02 million market value. The same data shows that the other fund manager holds slightly less at 9.18, or about 2.45% of the stock, which is worth about $205.0 million.
