Gap, Inc. [GAP] stock prices are up 2.22% to $20.73 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GAP shares have gain 3.55% over the last week, with a monthly amount drifted -15.80%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Gap, Inc. [NYSE: GAP] stock has seen the most recent analyst activity on August 30, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also revised its price target to $26 from $29. Previously, BofA Securities upgraded its rating to Neutral on July 31, 2024, and elevated its price target to $25. On July 18, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $29 on the stock. TD Cowen upgraded its rating to a Buy and increased its price target to $30 on June 25, 2024. Telsey Advisory Group reiterated its recommendation of a Market Perform and raised its price target to $29 on May 31, 2024. Citigroup upgraded its rating to Buy for this stock on May 07, 2024, and upped its price target to $28. In a note dated March 08, 2024, Telsey Advisory Group reiterated an Market Perform rating on this stock and boosted its target price from $17 to $22.
The stock price of Gap, Inc. [GAP] has been fluctuating between $9.71 and $30.75 over the past year. Currently, Wall Street analysts expect the stock to reach $26 within the next 12 months. Gap, Inc. [NYSE: GAP] shares were valued at $20.73 at the most recent close of the market. An investor can expect a potential return of 25.42% based on the average GAP price forecast.
Analyzing the GAP fundamentals
The Gap, Inc. [NYSE:GAP] reported sales of 15.17B for trailing twelve months, representing a surge of 4.85%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.29 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.72.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.35 points at the first support level, and at 19.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.00, and for the 2nd resistance point, it is at 21.28.
Ratios To Look Out For
It’s worth pointing out that Gap, Inc. [NYSE:GAP]’s Current Ratio is 1.49. Further, the Quick Ratio stands at 0.84, while the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 2.69 and price to earnings (TTM) ratio is 10.28.
Transactions by insiders
Recent insider trading involved Gilligan Sarah, Chief Sup Chn & Transform Ofcr, that happened on Sep 17 ’24 when 8851.0 shares were sold. President & CEO, Old Navy, Barbeito Horacio completed a deal on Sep 12 ’24 to sell 75385.0 shares. Meanwhile, President & CEO, Old Navy Barbeito Horacio sold 311.0 shares on Sep 03 ’24.
