What’s Driving Gap’s Stock Price?
SHANGHAI, CHINA – SEPTEMBER 25, 2024 – A GAP clothing store is seen at Nanjing Road Pedestrian … [+]
Note: Gap’s FY’23 ended on February 3, 2024.
After a 6% rise year-to-date, at the current price of around $21 per share, we believe Gap Inc. stock (NYSE: GPS), a specialty retailer selling casual apparel, accessories, and personal care products for men, women, and children under the Gap, Old Navy, and Banana Republic brands – is appropriately priced. In contrast, its peer Guess stock is down 4% over the same period. Gap experienced a decline in sales momentum…
