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Gap (GPS) PT Cut to $34 at Credit Suisse
May 12, 2015 7:43 AM EDTCredit Suisse analyst C. Buss reiterated an Underperform rating and cut its price target on Gap, Inc. (NYSE: GPS) to $34.00 (from $35.00) after weak April comps.
For an analyst ratings summary and ratings history on Gap, Inc.... More
Gap's (GPS) Q1 Challenges Likely to Carry Over into Q2; Stifel Maintains 'Buy' Rating
May 12, 2015 6:47 AM EDTStifel affirms Gap, Inc. (NYSE: GPS), with a Buy rating and $48 price target following Q1 and April comparable-store sales results, which were issued after markets closed on Monday.
Analyst Richard Jaffe commented that "an earlier Easter this year, unappealing product at both BR and Gap, and late merchandise receipts due to the West Coast port slowdown" caused a 12... More
FBR Capital Downgrades Gap, Inc. (GPS) to Market Perform Following Weak Comps
May 12, 2015 6:15 AM EDTFBR Capital downgraded Gap, Inc. (NYSE: GPS) from Outperform to Market Perform with a price target of $40.00 (from $48.00), saying accelerating weakness as Gap likely pushes the gross margin opportunity out.
Analyst Susan Anderson commented, "Our upgrade thesis was predicated upon the substantial gross margin opportunity, in part driven by consistent AUR progress and continued inventory discipline. However, the Gap segment appears to be decelerating at a faster pace than we anticipated (15% 1Q15... More
Market Wrap: Markets Pull Back Following Nonfarm Data; Gap Q1 Comps Slip Lower; Comcast Names New CFO
May 11, 2015 5:47 PM EDTMarket wrap for May 11th
End of the Day: S&P 500 down 10.8 to 2,105.33; Dow Jones down 85.9 to 18,105.17; Nasdaq down 10.0 to 4,993.57
Market Brief: Markets pulling back followng gains last Friday on strong economic data, which showed U.S. unemployment is at seven-year lows.
Noble Energy entered a multibillion-dollar deal to acquire Rosetta Resources today.
DISH reported strong Q1 results, while zulily got a boost as Alibaba took a stake in the company.
Gap, Inc., reported a sharp 12 percent drop in April comps, while... More
Gap, Inc. (GPS) April Comps Fell 12%
May 11, 2015 4:01 PM EDTGap, Inc. (NYSE: GPS) reported that April net sales were $1.21 billion for the four-week period ended May 2, 2015, compared with net sales of $1.33 billion for the four-week period ended May 3, 2014. For the first quarter of fiscal year 2015, Gap Inc.s net sales decreased 3 percent to $3.66 billion compared with $3.77 billion for the first quarter last year.
The translation of net sales in foreign currencies into U.S. dollars negatively impacted the companys reported sales for the first quarter of fiscal year 2015 by about $90 million, primarily due to the weakening Japanese yen and Canadian... More
