Gps stock price forecast a retail sentiment uptick is factoring
A retail sentiment uptick is factoring into a stronger "GPS stock price forecast", with investors eyeing upcoming promotional events to boost sales. Gap ended the fiscal third quarter with cash and cash equivalents of $1,351 million, up from $679 million in the year-ago period. As of Oct 28, 2023, it had total stockholders’ equity of $2,460 million and a long-term debt of $1,488 million. As of Oct 28, the company generated $832 million in cash from operating activities. GPS approved a dividend of 15 cents per share for the fiscal fourth quarter. As of Oct 28, the company’s capital expenditure was $288 million. For fiscal 2023, capital expenditure is expected to be $475 million, down from the earlier guided view of $500-$525 million. Diversification does not protect an investor from market risk and does not ensure a profit. Latest "GPS stock price forecast" shows a near-term volatility range between $22.50 and $25.10 as retail sector sentiment remains mixed. Analysts cite inventory turnover rates and Q4 earnings guidance as key drivers.
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