A share price of Gap, Inc. [GAP] is currently trading at $22.05, up 2.94%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GAP shares have gain 8.73% over the last week, with a monthly amount drifted -3.29%, 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.
Gap, Inc. experienced fluctuations in its stock price throughout the past year between $9.71 and $30.75. Currently, Wall Street analysts expect the stock to reach $26 within the next 12 months. Gap, Inc. [NYSE: GAP] shares were valued at $22.05 at the most recent close of the market. An investor can expect a potential return of 17.91% based on the average GAP price forecast.
Analyzing the GAP fundamentals
Trailing Twelve Months sales for Gap, Inc. [NYSE:GAP] were 15.17B which represents 4.85% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.72.
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 21.39 points at the first support level, and at 20.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.42, and for the 2nd resistance point, it is at 22.80.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Gap, Inc. [NYSE:GAP] is 1.49. As well, the Quick Ratio is 0.84, while the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 0.55, the price to book ratio is 2.86 and price to earnings (TTM) ratio is 10.93.
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.
