Piper Jaffray Raises Price Target on Gap, Inc. (GPS) to $23 Following July Sales Release

Gap Stores (GPS) volatility elevated into July same store sales falling short of estimates

Gap, Inc. (NYSE: GPS) is recently down $1.31 to $24.31 in the premarket on July same store sales falling short of estimates. August weekly call option implied volatility is at 61, August is at 54, September is at 41; compared to its 52-week range of 26 to 53.

Mizuho Securities Upgrades Gap, Inc. (GPS) to Neutral

Mizuho Securities upgraded Gap, Inc. (NYSE: GPS) from Underperform to Neutral with a price target of $24.00 (from $17.00).

Analyst Betty Chen commented, "We are upgrading shares of GPS to Neutral from Underperform and raising estimates and PT to $24 (from $17) as we expect: 1) easy 4Q compares; 2) favorable... More

After-Hours Stock Movers 08/08: (HIIQ) (CSLT) (ENDP) Higher; (TUBE) (MXL) (MTW) Lower (more...)

After-Hours Movers

Health Insurance Innovations (NASDAQ: HIIQ) 30% HIGHER; reported Q2 EPS of $0.27, $0.21 better than the analyst estimate of $0.06. Revenue for the quarter rose 95.6% to $44.5 million versus the consensus estimate of $37.11 million. GUIDANCE: Health Insurance Innovations sees FY2016 EPS of $0.55-$0.65, versus prior guidance of $0.38-$0.42 and the consensus of $0.43. Health Insurance Innovations sees FY2016 revenue of $155-165 million, versus prior guidance of $138-144 million and the consensus of $144.94 million.

TubeMogul (NASDAQ: TUBE) 21.6% LOWER; reported Q2 EPS of ($0.11), $0.04 worse... More

Gap, Inc. (GPS) Comps Fell 4% in July 2016; Guides Q2 Adj-EPS Above Views

Gap Inc. (NYSE: GPS) reported that net sales for the four-week period ended July 30, 2016 were $1.10 billion compared with net sales of $1.12 billion for the four-week period ended August 1, 2015. For the second quarter of fiscal year 2016, Gap Inc.s net sales were $3.85 billion compared with $3.90 billion for the second quarter... More