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6 Retail Stocks That Could Benefit From A Record-Breaking Back-To-School Shopping Season
Sunday, August 15, 2021 - 2:16pm | 1165The COVID-19 pandemic caused disruptions to the back-to-school shopping season in 2020 as parents braced for hybrid and at-home learning. With many schools expecting to resume in-person learning in 2021, the back-to-school shopping season could be a potential boon for retailers....
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Gap Partners With Walmart On Home Goods: What Investors Should Know
Thursday, May 27, 2021 - 11:03am | 393A leading clothing retailer is teaming up with one of the world’s largest retailers for a new offering of items in the home segment. What Happened: Gap Inc (NYSE: GPS) is set to become the first fashion retailer to partner with Walmart Inc (NYSE: WMT) in the home space. The two retail...
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BofA Upgrades Gap On Athleta Performance, Old Navy Prospects
Friday, August 28, 2020 - 11:23am | 361Sales at Gap Inc’s (NYSE: GPS) Old Navy brand are likely to return to pre-pandemic levels faster than expected, according to BofA Securities. The Gap Analyst: Lorraine Hutchinson upgraded Gap from Underperform to Neutral and raised the price target from $10 to $18. The Gap Thesis:...
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Analysts React To Gap's Q3 Earnings Beat, Target Taking Market Share From Old Navy
Friday, November 22, 2019 - 4:34pm | 735Gap Inc (NYSE: GPS) shares are moving higher one day after reporting a third-quarter earnings beat, despite seeing all three of its main segments deliver negative comps. Wells Fargo With Gap’s third-quarter outlook and CEO departure pre-announced earlier in the month, analyst Ike...
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Wall Street More Bullish On Gap Following Investor Day
Friday, September 13, 2019 - 2:35pm | 437Gap Inc (NYSE: GPS) hosted its investor day on Thursday, announcing the ambitious plan to open 800 Old Navy stores despite seeing a downturn in the business. Morgan Stanley: Mind The Gap Morgan Stanley analyst Kimberly Greenberger said the eventual Gap-Old Navy separation details creates key...
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Gap's Athletic Brand Signs Olympic Star Allyson Felix
Wednesday, July 31, 2019 - 10:20am | 442Gap Inc (NYSE: GPS) announced Wednesday its first ever multiyear sponsorship deal with an Olympic athlete, Allyson Felix. What Happened Felix is one of the most decorated track and field athletes in U.S. history and will join Gap's athletic apparel brand, Athleta, as its first-ever sponsored...
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2 Analysts Weigh In On Gap's Awful Q1
Friday, May 31, 2019 - 2:27pm | 444Gap Inc (NYSE: GPS) shares are reeling after reporting a first-quarter earnings and sales miss on Thursday. Adjusted EPS came in at 24 cents, missing analyst estimates by 8 cents. Sales of $3.7 billion came in slightly below estimates. Worse Than Expected Bank of America analyst Lorraine Hutchinson...
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Gap Reports Q3 Beat, Announces Hundreds Of Store Closings: The Sell-Side Reacts
Friday, November 23, 2018 - 1:04pm | 468The sell-side parsed Gap Inc. (NYSE: GPS)’s business plan for the fourth quarter after the retailer announced hundreds of imminent store closings alongside its third-quarter print this week. The Analysts Jefferies analyst Randal J. Konik reiterated a Buy rating and $50 price...
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Gap Shares Drop Despite Q2 Beat; The Sell-Side Weighs In
Friday, August 24, 2018 - 3:11pm | 530Gap Inc (NYSE: GPS) shares are reeling despite the apparel retailer's second-quarter earnings and sales beat Thursday. Wall Street Weighs In Nomura analyst Simeon Siegel maintained a Neutral rating on Gap with a $32 price target. Credit Suisse analyst Michael Binetti maintained ...
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UBS Initiates Coverage On Apparel Retailers, Calls Aerie A $2 Billion Brand
Thursday, June 21, 2018 - 4:17pm | 807UBS has initiated coverage on a several apparel retail names. The Analyst Analyst Jay Sole initiated coverage of the following stocks: American Eagle Outfitters (NYSE: AEO): a Buy rating, $33 price target. Gap Inc (NYSE: GPS): Neutral, $33 price target. Michael Kors Holdings Ltd (NYSE: KORS...
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Risk Outweighs Reward In Gap Shares, According To Oppenheimer
Thursday, December 14, 2017 - 5:48pm | 417Despite a nearly 50-percent surge throughout 2017, at least one Wall Street analyst isn't confident that Gap Inc (NYSE: GPS)'s momentum will continue. The Analyst Oppenheimer's Anna Andreeva downgraded Gap from Outperform to Perform with a price target lowered from $33 to $30....
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Things To Like, Things To Watch At The Gap
Friday, August 18, 2017 - 9:31am | 424Gap Inc (NYSE: GPS) impressed investors with a second-quarter earnings beat, but for many the retail sector remains a big question mark. Deutsche Bank's Paul Trussell maintains a Hold rating on Gap's stock with an unchanged $24 price target, noting that management should be applauded for a...
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The Gap Delivers December Sales Upside Surprise
Friday, January 6, 2017 - 11:18am | 555Gap Inc (NYSE: GPS), the global retailer that sells clothing, accessories and personal care products across the Gap, Banana Republic, Old Navy, Athleta and Intermix brands, reported on Thursday its sales metrics for the November and December 2016 holiday season. Net sales for the five-week period...
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Lululemon Bets Big On Millennial Moms
Tuesday, June 9, 2015 - 7:26am | 548The last missive back in March discussed how subtle changes in Lululemon Athletica (NASDAQ: LULU)'s visual merchandising led me to believe that the company had some very clever— and accretive-- line extensions into higher fashion, higher margin—"off the mat" apparel and a nascent swimwear line....
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Jefferies Positive On The Gap Following Earnings, Wedbush Not So Much
Friday, February 27, 2015 - 12:45pm | 425Gap Inc (NYSE: GPS) on Thursday reported its fourth quarter results. By Friday morning, several analysts offered their take. Jefferies: It's ‘Simple' In a report published Friday, Jefferies analyst Randal Konik wrote that his view of The Gap is "simple." "...