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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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Bulls & Bears Of The Week: Apple, Tesla, Home Depot, Walgreens And More
Sunday, March 3, 2019 - 12:04pm | 933Benzinga featured looks at many investor favorite stocks over the past week. Retailers that posted quarterly results were among both bullish and bearish calls. Also covered were the prospects for the iPhone maker and the leading electric vehicle giant. The big U.S. indexes ended the past week...
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Analysts Cheer Old Navy Split, But Gap Still Has Some Work To Do
Friday, March 1, 2019 - 4:00pm | 782Shares of Gap Inc. (NYSE: GPS) surged 20 percent after it announced it will spin off its best performing brand, Old Navy, to shareholders in 2020, leading a few Wall Street analysts to boost their price estimates for the stock. Gap also announced a major restructuring plan that will see the closure...
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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 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 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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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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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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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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Since September, 65% Of All U.S. Internet Users Visited Amazon.com
Thursday, December 8, 2016 - 2:52pm | 424Amazon.com, Inc. (NASDAQ: AMZN) may be priming for a strong holiday quarter, going by research highlighted by Wells Fargo in a note released Thursday. Findings Quoting online traffic data from ComScore, analyst Ike Boruchow noted that about 65 percent of all U.S. internet users visited Amazon....
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Headwinds For Gap Outnumber Tailwinds; Citi Downgrades To Sell
Friday, November 18, 2016 - 10:27am | 340Citi’s Paul Lejuez expressed concern regarding Gap Inc (NYSE: GPS), saying that while the Gap brand was expected to continue to struggle, Old Navy was possibly over-earning. Lejuez downgraded the rating on the company from Neutral to Sell, while lowering the price target from $27 to $25....
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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...