Stifel Says Strength in Old Navy Not Enough to Offset Other Weakness at Gap (GPS); Affirms at 'Hold'
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Credit Suisse Raises price Target on Gap, Inc. (GPS) to $22 Following 2Q Report
August 19, 2016 11:43 AM EDTCredit Suisse maintained an Underperform rating on Gap, Inc. (NYSE: GPS), and raised the price target to $22.00 (from $21.00), following the company's 2Q earnings report.
Analyst C. Buss commented, "We are adjusting estimates following 2Q results given 1) volatile demand trends across all 3 concepts on a... More
FBR Capital Reiterates Market Perform on Gap, Inc. (GPS) Following 2Q Beat
August 19, 2016 10:55 AM EDTFBR Capital reiterated a Market Perform rating and $22.00 price target on Gap, Inc. (NYSE: GPS) following the company's 2Q earnings report. The company reported EPS of $0.60, ahead of the consensus estimates $0.58, slightly above the $0.58$0.59 EPS guidance. Management guided 2016 EPS to $1.87$1.92, in line with what management had indicated as achievable,... More
Jefferies Raises Price Target on Gap, Inc. (GPS) to $30; Reiterates Buy
August 19, 2016 9:50 AM EDTJefferies reiterated a Buy rating on Gap, Inc. (NYSE: GPS), and raised the price target to $30.00 (from $26.00), following the company's 2Q earnings report. Management guided FY'17 EPS to $1.87-$1.92 (versus the Street of $1.95). Despite the recent improvement in topline trends, management noted that the outlook... More
Cowen Reiterates Market Perform on Gap, Inc. (GPS) Flowing 2Q Report
August 19, 2016 7:36 AM EDTCowen reiterated a Market Perform rating and $25.00 price target on Gap, Inc. (NYSE: GPS) following the company's 2Q earnings report. GPS reported adjusted EPS of $0.60 vs. the Street at $0.59 and management's guidance of $0.58-$0.59. Management updated their FY16 EPS guide and is... More
Option volume flows
August 19, 2016 4:12 AM EDTStocks and options expected to have increasing volume; EL DE BKE HIBB GPS CXW GEO AMAT RH
Stocks with increasing call volume on August 18; VG GNTX GT NTAP EL SA VRSN LPI YY HST CRZO WUBA PTLA
Stocks with increasing put volume on August 18; PDCE ALRM WGP... More
Gap's profit forecast misses as Banana Republic remains weak
August 18, 2016 5:03 PM EDTBy Subrat Patnaik
(Reuters) - Gap Inc (NYSE: GPS) forecast a full-year profit below analysts' estimates as the apparel retailer struggles to attract shoppers to its Banana Republic stores.
The company has been working on refreshing its Banana Republic line of clothing, but comparable sales at the company's third-biggest brand fell for the sixth straight quarter as its merchandise did not resonate with shoppers.
"The assortment is at the heart of Banana's issues and symbolizes a brand that has simply lost its way," Neil Saunders, chief... More
Gap, Inc. (GPS) Tops Q2 EPS by 1c; Guides FY16 EPS Below Views
August 18, 2016 4:16 PM EDTGap, Inc. (NYSE: GPS) reported Q2 EPS of $0.60, $0.01 better than the analyst estimate of $0.59. Revenue for the quarter came in at $3.85 billion versus the consensus estimate of $3.79 billion.
Second Quarter 2016 Comparable Sales Results
Gap Inc.s comparable sales for the second quarter... More
