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RBC On Gap: Too Soon To Call A Bottom
Tuesday, May 10, 2016 - 4:09pm | 398Read More...RBC Capital Markets analysts Brian Tunick and Kate Fitzsimons said Gap Inc (NYSE: GPS) shares dropped more than 12 percent as traffic volatility has kept the issue "on defense." While the analyst said it is too soon to call a bottom, the brokerage maintains its Sector Perform rating, with a reduced...
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Gap CEO On The Company's Growth Strategy Going Forward
Tuesday, June 16, 2015 - 12:40pm | 405Read More...Clothing major Gap Inc (NYSE: GPS) announced on Tuesday that it plans to close 175 of its stores in North America over the next couple of years to streamline its store fleet. The company also announced that it will be laying off 250 workers from its corporate headquarters in fiscal year 2015....
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A Preview Of Same-Store Sales At The Gap, L Brands
Tuesday, June 2, 2015 - 10:45am | 465Read More...Several retailers release monthly sales metrics to the investment community. Two of the most notable retailers to do so include Gap Inc (NYSE: GPS) and L Brands Inc (NYSE: LB). Here is what Susan Anderson of FBR & Co. is expecting from the retailers May sales. Gap: Comps Under Pressure,...
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Wall Street's Reaction To Gap's Q1 Earnings
Friday, May 22, 2015 - 1:13pm | 506Read More...Gap Inc (NYSE: GPS) reported a decline in its earnings for the first quarter on Thursday. Here is how some of Wall Street's top retail analysts responded. Topeka: Q1 As Expected In a brief note, Dorothy Lakner said Gap's first quarter print came in as expected, with reaffirmed...
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2 Analysts Dissect The Gap's Same-Store Sales
Friday, March 6, 2015 - 12:21pm | 361Read More...Gap Inc (NYSE: GPS) on Thursday reported its February net sales fell 1.2 percent from a year ago to $918 million, while same-store sales fell 4 percent. In a report published Thursday evening, UBS analyst Roxanne Meyer commented on the company's results, noting sales were impacted by...
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Here Are 6 Reasons Why 1 Analyst Upgraded The Gap
Tuesday, March 3, 2015 - 12:08pm | 178Read More...In a report published Tuesday, FBR & Co. analyst Susan Anderson upgraded shares of Gap Inc (NYSE: GPS) to Outperform as 2015 could prove to be a "breakout" year. Anderson acknowledged the potential for continued segment pressure at the Gap core brand, but the risk is outweighed by...
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Jefferies Positive On The Gap Following Earnings, Wedbush Not So Much
Friday, February 27, 2015 - 12:45pm | 425Read More...Gap 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." "...
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Here's Why Mizuho Downgraded The Gap To Neutral
Tuesday, February 10, 2015 - 11:43am | 184Read More...Betty Chen of Mizuho Securities on Tuesday downgraded shares of The Gap (NYSE: GPS) to Neutral from Buy with a price target lowered to $43 from a previous $45 as 2015 earnings are likely to be impacted by product adjustments, foreign exchange woes and stagnant margins. Chen states that ongoing...
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Gap's New CEO Art Peck To Take The Company Higher? This Analyst Thinks So
Monday, February 9, 2015 - 2:51pm | 492Read More...When Gap Inc (NYSE: GPS) announced that CEO Glenn Murphy would be retiring, its shares sunk by more than 10 percent the next day. Now that Art Peck has taken over the role at Gap, analysts are divided between those who have faith in him and those who don’t. Adrienne Yih-Tennant from...
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Here's Who Benefits The Most If Sears Goes Bankrupt
Wednesday, January 21, 2015 - 11:47am | 342Read More...According to Simeon Gutman of Morgan Stanley, if Sears Holdings Corp (NASDAQ: SHLD) were to “go away,” Home Depot Inc (NYSE: HD), Lowe's Companies Inc (NYSE: LOW) and Best Buy Co Inc (NYSE: BBY) stand to benefit the most, while J C Penney Company Inc (NYSE: JCP) and Gap...
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Analysts Like Gap's Old Navy December Comps
Friday, January 9, 2015 - 1:37pm | 229Read More...Gap Inc (NYSE: GPS) traded lower Friday on disappointing holiday sales, but a couple of analysts were pleased by the company's Old Navy outlets. The apparel retailer said late Thursday that its Gap outlets grew December same-store sales 1 percent, while its Old Navy stores saw increased...
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Bank Of America Weighs In On Specialty Retailers: Gap, L Brands, Urban Outfitters
Monday, January 5, 2015 - 9:17am | 228Read More...Lorraine Hutchinson of Bank of America commented in a note on Monday that specialty retailers are likely to post holiday results that are in-line with expectations, as weather conditions were mild during the week heading in to Christmas as opposed to 2013's storms that hurt foot traffic. Hutchinson...
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Sterne Agee Answers: Who Was More Promotional During Cyber Monday?
Tuesday, December 2, 2014 - 11:50am | 291Read More...Ike Boruchow of Sterne Agee commented in a note on Tuesday that there was a “noticeable step-down” in discounting for retailers during Cyber Monday following a “highly promotional” Black Friday weekend. According to Boruchow's checks, only 33 percent of the 43 brands...
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Mizuho Securities: Gap's Q4 Guidance 'Reflects Continued Woes'
Friday, November 21, 2014 - 10:15am | 262Read More...Following The Gap Inc.'s (NYSE: GPS) third-quarter results issued on Thursday, Betty Chen of Mizuho Securities maintained a Buy rating on shares with a price target lowered to $45 from a previous $47. “Although we are encouraged by the team's ability to skew the assortment toward...
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Retailers Hoping For After-Christmas Sales Surge
Thursday, December 26, 2013 - 9:38am | 595Read More...Hoping to boost lagging end-of-year sales, a number of retailers announced a push to attract customers after Christmas. Many big-name stores are taking part – including Macy’s (NYSE: M), Wal-Mart (NYSE: WMT) and even online giant, Amazon (NASDAQ: AMZN). Some traditional bricks and mortar...
