Stifel Trims Ests on Gap (GPS) Following Weaker-than-Expected Sept. Sales Results
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FBR Capital Cuts Price target on Gap, Inc. (GPS) to $28 Following GM Pressures
October 9, 2015 8:48 AM EDTFBR Capital maintained a Market Perform rating on Gap, Inc. (NYSE: GPS), and cut the price target to $28.00 (from $35.00), following GM pressures. GPS reported September SSS of 1%, versus consensus of 1.6%, and flat LY. Given GM pressure in 3Q, it is likely that GPS reduces annual EPS guidance when it releases 3Q earnings.
Analyst Susan Anderson commented, "GPS reported September SSS of... More
Piper Jaffray Cuts Price Target on Gap, Inc. (GPS) Following September Comparable-Sales Results
October 9, 2015 7:46 AM EDTPiper Jaffray maintained an Underweight rating on Gap, Inc. (NYSE: GPS), and cut the price target to $26.00 (from $28.00), following September comparable-sales results. Inventory levels are in need of re-balancing in order to end the quarter in a cleaner position.
Analyst Neely Tamminga... More
UPDATE: MKM Partners Downgrades Gap (GPS) to Neutral
October 9, 2015 7:12 AM EDT(Updated - October 9, 2015 11:31 AM EDT)
MKM Partners downgraded Gap, Inc. (NYSE: GPS) from Buy to Neutral with a price target of $29.00 (from $40.00). Analyst Roxanne Meyer said September's comp miss at Old Navy was likely more than just weather, and in her view the company has a challenging set-up into the holidays.
"Despite Stefan Larssons departure... More
Gap, Inc. (GPS) Sept. Comps Fell 1%
October 8, 2015 4:16 PM EDTGap, Inc. (NYSE: GPS) reported that net sales for the five-week period ended October 3, 2015 decreased 1 percent to $1.46 billion compared with net sales of $1.48 billion for the five-week period ended October 4, 2014.
On a constant currency basis, September 2015 net sales increased 2 percent compared with last year. In calculating the net sales change on a constant currency basis,... More
