GPS Stock Summary and Trading Ideas (Gap | NYSE:GPS)

Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,600 stores in North America, Europe, and Asia and franchises more than 900 stores in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.

Gap trades on the NYSE stock market under the symbol GPS.

As of April 19, 2024, GPS stock price declined to $20.76 with 4,648,387 million shares trading.

GPS has a beta of 1.74, meaning it tends to be more sensitive to market movements. GPS has a correlation of 0.14 to the broad based SPY ETF.

GPS has a market cap of $7.75 billion. This is considered a Mid Cap stock.

Last quarter Gap reported $4 billion in Revenue and $.49 earnings per share. This beat revenue expectation by $78 million and exceeded earnings estimates by $.26.

In the last 3 years, GPS stock traded as high as $37.63 and as low as $7.22.

The top ETF exchange traded funds that GPS belongs to (by Net Assets): VTI, COWZ, VB, IJH, VBR.

GPS has outperformed the market in the last year with a return of +122.0%, while the SPY ETF gained +21.2%. In the last 3 month period, GPS beat the market returning +12.8%, while SPY returned +4.3%. However, in the most recent 2 weeks GPS has underperformed the stock market by returning -15.3%, while SPY returned -3.5%.

GPS support price is $20.43 and resistance is $21.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GPS stock will trade within this expected range on the day.