Janney Montgomery Scott Maintains a 'Buy' on Gap, Inc. (GPS); Slight Beat; Conservative Guidance
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Price: $42.34 --0%
Rating Summary:
15 Buy, 12 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 20
Rating Summary:
15 Buy, 12 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 20
Trade GPS Now!
Janney Montgomery Scott maintains a 'Buy' on Gap, Inc. (NYSE: GPS) price target of $39.00 (from $36.00).
Analyst, Adrienne Tennant, said, "We believe new flows are being well received at all three divisions and strong conversion continues. For the second consecutive quarter, sales growth outpaced inventory growth as the company ended 2Q12 with total inventory dollars per store down -6% versus total sales of +6%, highlighting the company’s ongoing focus on inventory management. The 2H12 story should be largely driven by ongoing domestic improvement...We are raising our FY12 and FY13 EPS estimates to $2.06 from $2.04 (versus consensus at $2.08) and to $2.28 from $2.23 (versus consensus of $2.33), respectively."
For an analyst ratings summary and ratings history on Gap, Inc. click here. For more ratings news on Gap, Inc. click here.
Shares of Gap, Inc. closed at $34.34 yesterday, with a 52 week range of $15.08-$34.92.
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Analyst, Adrienne Tennant, said, "We believe new flows are being well received at all three divisions and strong conversion continues. For the second consecutive quarter, sales growth outpaced inventory growth as the company ended 2Q12 with total inventory dollars per store down -6% versus total sales of +6%, highlighting the company’s ongoing focus on inventory management. The 2H12 story should be largely driven by ongoing domestic improvement...We are raising our FY12 and FY13 EPS estimates to $2.06 from $2.04 (versus consensus at $2.08) and to $2.28 from $2.23 (versus consensus of $2.33), respectively."
For an analyst ratings summary and ratings history on Gap, Inc. click here. For more ratings news on Gap, Inc. click here.
Shares of Gap, Inc. closed at $34.34 yesterday, with a 52 week range of $15.08-$34.92.
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