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Gap Q4 Earnings Highlights: Why Shares Are Popping After Hours
Thursday, March 3, 2022 - 5:57pm | 326Gap Inc (NYSE: GPS) reported fourth quarter and full fiscal year results after market close Thursday. Here are the key highlights. What Happened: Gap reported fourth-quarter net sales of $4.53 billion, up 2% year-over-year, which beat the consensus estimate of $4.49 billion, according to...
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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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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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The Gap Is Splitting; Old Navy To Become Standalone Public Company
Thursday, February 28, 2019 - 5:43pm | 266Gap Inc (NYSE: GPS) shares are soaring after announcing the company is splitting into two independent publicly traded companies. Gap will split off into Old Navy, and a yet-to-be named company will consist of Gap brand, Athleta, Banana Republic, Intermix and Hill City. The company said the spin-off...
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Gap Hits 52-Week Low After JPMorgan Downgrade
Thursday, October 18, 2018 - 4:03pm | 282Clothing retailer Gap Inc (NYSE: GPS) continues to struggle with operational issues and could oversee a poor performance in the upcoming holiday season. The Analyst JPMorgan's Matthew Boss downgraded Gap from Neutral to Underweight with a price target lowered from $30 to $24. The...
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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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KeyBanc Downgrades Gap After Flagship Brand Splits With CEO
Wednesday, February 21, 2018 - 10:04am | 379Gap Inc (NYSE: GPS) parted ways Tuesday with Jeff Kirwan, CEO of the company's namesake brand. At least one Wall Street analyst felt the executive's departure necessitates a downgrade of the stock. The Analyst KeyBanc Capital Markets' Edward Yruma downgraded Gap's stock...
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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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The Gap Is Accelerating Store Closures; Here's Why Some See That As A Positive
Friday, November 17, 2017 - 12:10pm | 430Gap Inc (NYSE: GPS) reported Thursday its third quarter results, which consisted of a top and bottom-line beat, an upward revision to its full year EPS guidance and an update on store closures. The Analyst Deutsche Bank's Paul Trussell maintains a Hold rating on Gap's stock with a price...
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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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Morgan Stanley Highlights Winners And Losers From Holiday Shopping Weekend
Monday, November 28, 2016 - 12:04pm | 547Specialty retail and departmental stores witnessed mixed Black Friday weekend sales versus 2015, with e-commerce remaining “the clear winner” and in-store revenue continuing to be under pressure, Morgan Stanley’s Kimberly C. Greenberger said in a report. In-Store Mixed, E-Commerce...
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The Gap's October Sales Improve As The Weather Cools
Tuesday, November 8, 2016 - 2:03pm | 305Shares of Gap Inc (NYSE: GPS) were trading lower by nearly 2 percent Tuesday even though the company reported better-than-expected comps for the month of October along with an updated guidance. Following the company's sales data, Kelly Halsor of Buckingham Research reiterated a Neutral...
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Analysts Took A Little Field Trip To The Gap's HQ; Here's What They Learned
Wednesday, October 12, 2016 - 2:01pm | 351After a rough couple of years, the latest numbers from Gap Inc (NYSE: GPS) suggest the company may be on the brink of a turnaround. According to Jefferies analyst Randal Konik, Gap investors now have more reasons to be bullish than bearish. After meeting with company management, Konik now sees...
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Deutsche Upgrades The Gap, Says Co Will Benefit From Easier Comps Going Forward
Saturday, October 8, 2016 - 5:54pm | 333Gap Inc (NYSE: GAP) traders saw enough from the company’s September sales numbers to send the stock soaring 14.4 percent in Friday’s session. Deutsche Bank analyst Paul Trussell has also seen enough from Gap to upgrade the stock from Sell to Hold. According to Trussell, the bar will be...
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How Each Of The Gap's Brands Contributed To Its Weak Comps
Friday, October 7, 2016 - 3:18pm | 344Following the release of the September sales results, Buckingham Research Group reiterated its Neutral rating and $23 price target on the shares of Gap Inc (NYSE: GPS). The firm noted that sales fell 2 percent in September on a 3 percent drop in same-store sales, worse than the 2 percent drop the...