Gap Stock (NYSE:GPS), Trade Ideas

Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,600 stores in North America, Europe, and Asia and franchises more than 900 stores in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.

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Papa John&#39;s International, Inc. (NASDAQ: PZZA) strengthens its partnership with franchisee Nadeem Bajwa and his company, The Bajco Group. The collaboration aims to expand PZZA&#39;s presence in North America, with plans to open 50 new stores by 2028.

Papa John&#39;s (PZZA) and The Bajco Group Expand Partnership

FAT Brands Inc. (NASDAQ: FAT), the parent company of Fazoli&#39;s, enters into a new development agreement with franchisee Briwin Restaurants Inc. to open 25 Fazoli&#39;s locations in Canada over the next 10 years. The initial locations are slated to open in Alberta in 2025.


FAT Brands (FAT) Inks Deal to Expand Fazoli&#39;s Reach in Canada

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Tapestry&#39;s Coach accuses Gap of selling unauthorized T-shirts. Coach seeks damages and destruction of infringing inventory.

What&#39;s Going On With Tapestry Shares Today?

Gap Inc

Grupo Posadas SAB de CV

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$155.00</td>
<td>$56.1K</td>
<td>30.5K</td>
<td>123.2K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$185.00</td>
<td>$36.0K</td>
<td>9.7K</td>
<td>6.1K</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$90.00</td>
<td>$43.7K</td>
<td>10.5K</td>
<td>3.3K</td>
</tr>
<tr>
<td>CZR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$34.00</td>
<td>$27.6K</td>
<td>1.9K</td>
<td>2.7K</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$149.00</td>
<td>$33.2K</td>
<td>93</td>
<td>1.3K</td>
</tr>
<tr>
<td>GPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$21.00</td>
<td>$44.2K</td>
<td>1.3K</td>
<td>368</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$95.00</td>
<td>$30.9K</td>
<td>3.7K</td>
<td>309</td>
</tr>
<tr>
<td>CPNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$25.00</td>
<td>$52.0K</td>
<td>5.2K</td>
<td>279</td>
</tr>
<tr>
<td>LI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$40.00</td>
<td>$28.7K</td>
<td>5.4K</td>
<td>114</td>
</tr>
<tr>
<td>TJX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$85.00</td>
<td>$56.8K</td>
<td>2.6K</td>
<td>55</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on April 19, 2024. This event was a transfer of 215 contract(s) at a $155.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $56.1K, with a price of $263.0 per contract. There were 30585 open contracts at this strike prior to today, and today 123274 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on April 26, 2024. Parties traded 100 contract(s) at a $185.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $360.0 per contract. There were 9774 open contracts at this strike prior to today, and today 6110 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option trade with bullish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 259 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $43.7K, with a price of $169.0 per contract. There were 10517 open contracts at this strike prior to today, and today 3378 contract(s) were bought and sold. 
• Regarding CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 644 contract(s) at a $34.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $43.0 per contract. There were 1939 open contracts at this strike prior to today, and today 2785 contract(s) were bought and sold. 
• For LEN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on April 19, 2024. This event was a transfer of 196 contract(s) at a $149.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $33.2K, with a price of $170.0 per contract. There were 93 open contracts at this strike prior to today, and today 1366 contract(s) were bought and sold. 
• Regarding GPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>), we observe a put option sweep with bullish sentiment. It expires in 66 day(s) on June 21, 2024. Parties traded 202 contract(s) at a $21.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $44.2K, with a price of $219.0 per contract. There were 1361 open contracts at this strike prior to today, and today 368 contract(s) were bought and sold. 
• Regarding NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we observe a put option trade with bearish sentiment. It expires in 276 day(s) on January 17, 2025. Parties traded 35 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $30.9K, with a price of $885.0 per contract. There were 3725 open contracts at this strike prior to today, and today 309 contract(s) were bought and sold. 
• Regarding CPNG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), we observe a call option sweep with bearish sentiment. It expires in 276 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $25.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $52.0K, with a price of $260.0 per contract. There were 5221 open contracts at this strike prior to today, and today 279 contract(s) were bought and sold. 
• For LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we notice a put option sweep that happens to be bearish, expiring in 31 day(s) on May 17, 2024. This event was a transfer of 25 contract(s) at a $40.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $1150.0 per contract. There were 5425 open contracts at this strike prior to today, and today 114 contract(s) were bought and sold. 
• Regarding TJX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), we observe a call option trade with bullish sentiment. It expires in 276 day(s) on January 17, 2025. Parties traded 40 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $56.8K, with a price of $1420.0 per contract. There were 2679 open contracts at this strike prior to today, and today 55 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

CPNG

SBUX

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Papa John&#39;s International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pzza#NASDAQ">PZZA</a>) strengthens its partnership with franchisee Nadeem Bajwa and his company, The Bajco Group. The collaboration aims to expand PZZA&#39;s presence in North America, with plans to open 50 new stores by 2028. The Bajco Group, a long-term franchisee, has been integral to PZZA&#39;s growth, making this expansion a strategic move for the company. 
The new agreement will expand Papa John&#39;s footprint in The Bajco Group&#39;s existing markets across the Midwest and Arizona, Pennsylvania and Florida, furthering Bajwa&#39;s ambition to own 500 Papa John&#39;s restaurants. This adds to the more than 200 restaurants the franchisee currently operates.
<h3>Advancing Towards Back to Better 2.0 Strategy</h3>
The move aligns with its Back to Growth Program (B2G Program), a new initiative aimed at accelerating growth in North America as part of its Back to Better 2.0 strategy. This program is expected to enhance restaurant-level margins within the first five years of new restaurant operations, resulting in significant cost savings in restaurant P&amp;Ls. The anticipated outcome includes improved cash-on-cash returns for franchisees, increased market presence for Papa John&#39;s and the attraction of growth-oriented franchisees. 
Papa John&#39;s is bolstering its North America development infrastructure in line with the program. The company is reinforcing its development team through strategic hires aimed at attracting new, growth-oriented franchisees and supporting existing ones to drive accelerated franchisee growth.
<h3>Price Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/45/64753.jpg?v=324698180" /> 
Image Source: Zacks Investment Research
Shares of Papa John&#39;s have declined 11% in the past three months against the industry&#39;s growth of 1.3%. Although it has underperformed the industry in the said period, the company is likely to benefit from the expansion of its global footprint and enhancements in digital solutions and marketing platforms. Also, focus on product innovation and partnerships bodes well. 
Papa John&#39;s is committed to developing and maintaining a strong franchise system. The company is consistently striving to eliminate barriers to expansion in existing international markets and identify new market opportunities. Papa John&#39;s opened 36 net new restaurants in North America during the fiscal 2023 fourth quarter. In the international markets, the company opened 53 new restaurants. 
As of Dec 31, the company had a global restaurant count of 5,906, with operations in 50 countries and territories worldwide. Over the next several years, the company plans to increase its international units, a large portion of which will be franchised.
<h3>Zacks Rank &amp; Key Picks</h3>
Papa John&#39;s currently carries a Zacks Rank #4 (Sell). 
Some better-ranked stocks from the Zacks Retail-Wholesale sector have been discussed below. 
Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) currently sports a Zacks Rank of 1 (Strong Buy). 
It has a trailing four-quarter earnings surprise of 715.6%, on average. The stock has risen 323.3% in the past year. The Zacks Consensus Estimate for ANF&#39;s fiscal 2024 sales and earnings per share&nbsp;implies growth of 5.6% and 19.1%, respectively, from the year-ago levels. 
Burlington Stores, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/burl#NYSE">BURL</a>) currently flaunts a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 10.1%, on average. The stock has risen 0.9% in the past year. 
The Zacks Consensus Estimate for BURL&#39;s fiscal 2024 sales and EPS indicates a rise of 10.2% and 22.3%, respectively, from the year-ago levels. 
The Gap, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 180.9%, on average. The stock has risen 124.2% in the past year. 
The Zacks Consensus Estimate for GPS&#39; fiscal 2024 sales and EPS implies a decline of 0.3% and 4.9%, respectively, from the year-ago levels.
<a href="https://www.zacks.com/stock/news/2253494/papa-john-s-pzza-and-the-bajco-group-expand-partnership?cid=CS-BENZ-FT-analyst_blog|company_news_-_corporate_actions-2253494">To read this article on Zacks.com click here.</a>

Papa John's (PZZA) and The Bajco Group Expand Partnership

FAT Brands Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fat#NASDAQ">FAT</a>), the parent company of Fazoli&#39;s, enters into a new development agreement with franchisee Briwin Restaurants Inc. to open 25 Fazoli&#39;s locations in Canada over the next 10 years. The initial locations are slated to open in Alberta in 2025. 
Fazoli&#39;s has been focusing on expanding domestically, with operations in 26 states and more than 200 locations. FAT Brands has a robust network of international franchisees, spanning nearly all its restaurant concepts. 
The company is optimistic about the prospect of Fazoli&#39;s international debut. An experienced operator within the Fatburger franchise system will be launching and developing an additional FAT Brands restaurant concept in Canada. FAT believes that expanding in Canada is a natural first step for Fazoli&#39;s in becoming a leading global chain.
<h3>Focus on Expansion</h3>
The leading global franchising company strategically acquires, markets and develops fast casual, quick-service, casual dining and polished casual dining concepts worldwide. FAT owns 18 restaurant brands and franchises. It owns more than 2,300 units globally. 
Solid franchisee interest in development opportunities has increased its total pipeline to 1,100 units, including more than 225 development agreements signed in 2023. 
In the fourth quarter of fiscal 2023, FAT Brands opened 29 new stores, thus taking the fiscal year&#39;s total to 125 new store openings. For 2024, management expects to open at least another 125 new units. 
The company&#39;s emphasis on three strategic pillars, consisting of acquisitions, organic growth and productivity growth for its Georgia-based manufacturing facility, is likely to drive performance in the upcoming period.
<h3>Price Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4c/64281.jpg?v=290648534" /> 
Image Source: Zacks Investment Research
Shares of FAT have risen 18.7% in the past three months compared with the industry&#39;s 4.3% growth. The company has been benefiting from an increase in system-wide sales and new restaurant openings. Also, focus on franchise partners bodes well. 
FAT is optimistic about moving into 2024, thanks to its strong brand management platform. It believes that this platform positions it well to efficiently integrate new brands while maintaining a healthy and evolving pipeline for organic growth.
<h3>Zacks Rank &amp; Key Picks</h3>
FAT Brands currently carries a Zacks Rank #3 (Hold). 
Some better-ranked stocks from the Zacks Retail-Wholesale sector have been discussed below. 
Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) currently sports a Zacks Rank of 1 (Strong Buy).
It has a trailing four-quarter earnings surprise of 715.6%, on average. The stock has risen 391.5% in the past year. The Zacks Consensus Estimate for ANF&#39;s fiscal 2024 sales and earnings per share (ETF:EPS) implies growth of 5.6% and 19.1%, respectively, from the year-ago levels. 
Burlington Stores, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/burl#NYSE">BURL</a>) currently flaunts a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 10.1%, on average. The stock has risen 6.6% in the past year. 
The Zacks Consensus Estimate for BURL&#39;s fiscal 2024 sales and EPS indicates a rise of 10.2% and 22.3%, respectively, from the year-ago levels. 
The Gap, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 180.9%, on average. The stock has risen 179.5% in the past year. 
The Zacks Consensus Estimate for GPS&#39; fiscal 2024 sales and EPS implies a decline of 0.3% and 4.9%, respectively, from the year-ago levels.
<a href="https://www.zacks.com/stock/news/2250495/fat-brands-fat-inks-deal-to-expand-fazoli-s-reach-in-canada?cid=CS-BENZ-FT-analyst_blog|company_news_-_corporate_actions-2250495">To read this article on Zacks.com click here.</a>

FAT Brands (FAT) Inks Deal to Expand Fazoli's Reach in Canada

Tapestry, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) shares are trading lower today. The company&#8217;s acquired luxury handbag maker&nbsp;Coach&nbsp;reportedly filed a trademark infringement lawsuit for&nbsp;The Gap, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>).
Coach and its parent, Tapestry, accused Gap&#8217;s Old Navy unit of illegally selling T-shirts decorated with the word &#8220;Coach&#8221; and said that they never permitted Gap to sell the T-shirts, reported Reuters.
The company said the sale may confuse customers into believing Coach was involved.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/37013839/tapestry-shares-soar-on-strength-in-coach-brand-fy24-eps-outlook-raised" rel="noreferrer noopener">Tapestry Shares Soar On Strength In Coach Brand, FY24 EPS Outlook Raised</a>
Coach said this had caused &#8220;irreparable harm&#8221; because thier trademarks symbolized &#8220;a unique blend of fashion, craftsmanship, style, and function&#8221; reflected in the sale of &#8220;luxury lifestyle items,&#8221; not T-shirts.&nbsp;
As per the report, Coach is seeking unspecified damages for trademark infringement, counterfeiting, and violations of a California unfair competition law.
The retailer also seeks the destruction of unsold inventory of infringing clothing.
Investors can gain exposure to the stock via&nbsp;Invesco S&amp;P 500 Equal Weight Consumer Discretionary ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSPD#NYSE">RSPD</a>) and&nbsp;Bushido Capital US Equity ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMRI#NASDAQ">SMRI</a>).
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37539709/tapestry-boosts-marketing-might-kate-spade-joins-forces-with-bluecores-tech" rel="noreferrer noopener">Tapestry Boosts Marketing Might: Kate Spade Joins Forces with Bluecore&#8217;s Tech</a>
Price Action: TPR shares are down 2.78% at $43.92 on the last check Thursday.
Photo via Wikimedia Commons

What's Going On With Tapestry Shares Today?

Gap's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) short percent of float has risen 15.9% since its last report. The company recently reported that it has 34.50 million shares sold short, which is 17.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.53 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Gap Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712242826_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Gap has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Gap's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Gap's peer group average for short interest as a percentage of float is 13.90%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(GPS) - Analyzing Gap's Short Interest

Amidst the ongoing surge led by the semiconductor sector, the Artificial Intelligence revolution, and&nbsp;Nvidia Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), which is steering the S&amp;P 500 to new heights, several overbought scenarios have developed in individual stocks. These scenarios may have sparked investor concerns over potential overvaluations, resulting in pullbacks and corrections in select stocks.
Numerous stocks have shown extreme overbought signals, with the market hovering near record levels, as the Relative Strength Index (RSI) indicates. This measure evaluates the recent magnitude of price changes to determine overbought or oversold conditions within a specified timeframe.
In light of this, stocks such as General Electric (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>), Chipotle Mexican Grill (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmg#NYSE">CMG</a>), FedEx (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>), and The Gap (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) have surfaced as overbought contenders within the U.S. market. This signals a potential predisposition to pullbacks, as investors may opt to lock in profits.
Meanwhile, the broader market continues to ascent to new highs, with the SPY ETF closing just 0.55% below its all-time peak last week and the QQQ tech sector ETF concluding the week merely 0.6% shy of its all-time high. So, while the overall market melts higher, could these four overbought stocks face imminent pullbacks? Let&#39;s delve deeper to find out.
<h2>Chipotle Mexican Grill (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmg#NYSE">CMG</a>)</h2>
Chipotle Mexican Grill (CMG) is buoyed by bullish sentiment, marked by a moderate buy rating, low short interest, and projected earnings growth of 21.67%. Additionally, investor optimism remains high with a recent stock split announcement as shares approach $3000. However, despite the bullish fundamentals and sentiment, caution may be warranted as the stock has surged significantly, extending notably from its 200-day Simple Moving Average (SMA). Furthermore, with an overbought RSI of 77.29 and a consensus price target forecasting almost 13% downside, CMG appears vulnerable to a potential pullback in the near future.
<h2>The Gap (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>)</h2>
The Gap is experiencing overwhelming bearish sentiment, marked by a substantial short interest of 13.94% of the float, insider sells in the last quarter, and a consensus analyst price target forecasting over 30% downside for the stock. Despite this pessimistic outlook, GPS has recently surged, with year-to-date gains of 34.29% and over 200% over the previous year.&nbsp;
Remarkably, despite its recent upward momentum, the stock&#39;s price-to-earnings ratio remains modest at just 20.96. However, the RSI now suggests that GPS has entered overbought territory, with the RSI at 82.80, signaling a potential pullback on the horizon.
<h2>General Electric (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>)</h2>
General Electric exhibits bullish sentiment, supported by a moderate buy rating and projected earnings growth of 29.32%. However, despite the positive outlook, caution may be warranted. The stock has surged almost 40% year-to-date and nearly 100% over the previous year, leaving it significantly extended from key Simple Moving Averages (SMAs). Additionally, with an overbought RSI of 76.85, GE appears poised for a pullback in the near term.
<h2>FedEx (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>)</h2>
FedEx stands out as one of the most upgraded stocks, boasting a moderate buy rating from 25 analysts and a consensus price target forecasting nearly 6% higher despite already soaring over 30% in the previous year and almost 17% in the last month.&nbsp;
The company&#39;s recent earnings report released on March 21st, 2024, was a significant catalyst for these gains. In this report, the shipping service provider exceeded expectations, reporting earnings per share of $3.86 for the quarter, surpassing analysts&#39; consensus estimates by $0.37. However, despite the positive gains, the stock faces resistance near $285, compounded by an elevated RSI of 84.35, indicating overbought conditions and rendering it susceptible to a potential pullback.
The article &quot;<a href="https://www.marketbeat.com/originals/4-overbought-household-names-time-for-a-pullback/">4 Overbought Household Names, Time for a Pullback?</a>&quot; first appeared on MarketBeat.

NVDA

4 Overbought Household Names, Time for a Pullback?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Keybanc boosted the price target for Worthington Steel, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ws#NYSE">WS</a>) from $31 to $39. Keybanc analyst Philip Gibbs maintained an Overweight rating. Worthington Steel shares fell 2.9% to close at $34.34 on Monday. <a href="https://www.benzinga.com/quote/WS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group boosted the price target for PVH Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pvh#NYSE">PVH</a>) from $122 to $155. Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating. PVH shares gained 0.3% to close at $134.77 on Monday. <a href="https://www.benzinga.com/quote/PVH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley increased Seagate Technology Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>) price target from $73 to $115. Morgan Stanley analyst Erik Woodring upgraded the stock from Equal-Weight to Overweight. Seagate shares fell 0.9% to close at $88.21 on Monday. <a href="https://www.benzinga.com/quote/STX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham boosted the price target for Stoke Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stok#NASDAQ">STOK</a>) from $14 to $22. Needham analyst Joseph Stringer maintained a Buy rating. Stoke Therapeutics shares gained 3.2% to close at $6.50 on Monday. <a href="https://www.benzinga.com/quote/STOK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. raised Axsome Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axsm#NASDAQ">AXSM</a>) price target from $180 to $190. HC Wainwright &amp; Co. analyst Raghuram Selvaraju maintained a Buy rating. Axsome Therapeutics shares fell 4.1% to close at $77.35 on Monday. <a href="https://www.benzinga.com/quote/AXSM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush boosted the price target for Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) from $475 to $500. Wedbush analyst Daniel Ives maintained an Outperform rating. Microsoft shares fell 1.4% to close at $422.86 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein cut Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) price target from $150 to $120. Bernstein analyst Toni Sacconaghi maintained an Underperform rating. Tesla shares gained 1.1% to close at $172.63 on Monday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo boosted The Gap, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) price target from $25 to $32. Wells Fargo analyst Ike Boruchow maintained an Overweight rating. Gap shares fell 0.6% to close at $27.91 on Monday. <a href="https://www.benzinga.com/quote/GPS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Bernstein raised Chipotle Mexican Grill, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmg#NYSE">CMG</a>) price target from $2,800 to $3,200. Bernstein analyst Danilo Gargiulo maintained an Outperform rating. Chipotle shares rose 0.7% to close at $2,903.44 on Monday. <a href="https://www.benzinga.com/quote/CMG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Scotiabank raised argenx SE (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/argx#NASDAQ">ARGX</a>) price target from $402 to $408. Scotiabank analyst George Farmer maintained a Sector Perform rating. argenx shares fell 1.1% to close at $398.42 on Monday. <a href="https://www.benzinga.com/quote/ARGX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Tesla To $120? Here Are 10 Top Analyst Forecasts For Tuesday

Wells Fargo analyst Ike Boruchow maintains Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) with a Overweight and raises the price target from $25 to $32.

Wells Fargo Maintains Overweight on Gap, Raises Price Target to $32

Investors with a lot of money to spend have taken a bullish stance on Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GPS, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for Gap.
This isn't normal.
The overall sentiment of these big-money traders is split between 63% bullish and 36%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $571,490, and 2 are calls, for a total amount of $69,093.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $35.0 for Gap over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Gap's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Gap's substantial trades, within a strike price spectrum from $30.0 to $35.0 over the preceding 30 days.
<h3>Gap Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711384273_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$35.00</td>
<td>$245.9K</td>
<td>0</td>
<td>300</td>
</tr>
<tr>
<td>GPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$32.00</td>
<td>$43.5K</td>
<td>711</td>
<td>162</td>
</tr>
<tr>
<td>GPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/28/24</td>
<td>$30.00</td>
<td>$42.0K</td>
<td>1.6K</td>
<td>1.4K</td>
</tr>
<tr>
<td>GPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/28/24</td>
<td>$30.00</td>
<td>$42.0K</td>
<td>1.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>GPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/28/24</td>
<td>$30.00</td>
<td>$41.1K</td>
<td>1.6K</td>
<td>1.6K</td>
</tr>
</tbody>
</table>

<h3>About Gap</h3>
Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,600 stores in North America, Europe, and Asia and franchises more than 900 stores in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.
Following our analysis of the options activities associated with Gap, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Gap</h3>
<ul>
<li>Currently trading with a volume of 3,892,569, the GPS's price is up by 0.14%, now at $28.12. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 59 days.</li>
</ul>
<h3>What The Experts Say On Gap</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $22.04.
<ul>
<li>An analyst from KGI Securities upgraded its action to Outperform with a price target of $25. </li>
<li>Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Gap with a target price of $24. </li>
<li>An analyst from BMO Capital persists with their Market Perform rating on Gap, maintaining a target price of $18. </li>
<li>An analyst from B of A Securities persists with their Underperform rating on Gap, maintaining a target price of $15. </li>
<li>Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Gap, targeting a price of $28. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Gap options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Gap Options Trading: A Deep Dive into Market Sentiment

WIIM

Gap shares are trading higher. The stock may be up in sympathy with peer Guess?, which reported strong Q4 earnings.

CROX

Shares of retail companies are trading higher amid overall market strength after the Fed left rates unchanged.

Deep-pocketed investors have adopted a bearish approach towards Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GPS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Gap. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 62% bearish. Among these notable options, 3 are puts, totaling $122,487, and 5 are calls, amounting to $311,594.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $35.0 for Gap, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Gap's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Gap's whale trades within a strike price range from $25.0 to $35.0 in the last 30 days. 
<h3>Gap Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710948706_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$31.00</td>
<td>$74.5K</td>
<td style="text-align: right;">12</td>
<td>731</td>
</tr>
<tr>
<td>GPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$35.00</td>
<td>$65.2K</td>
<td style="text-align: right;">6</td>
<td>0</td>
</tr>
<tr>
<td>GPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$27.00</td>
<td>$64.5K</td>
<td style="text-align: right;">489</td>
<td>131</td>
</tr>
<tr>
<td>GPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$27.00</td>
<td>$62.3K</td>
<td style="text-align: right;">489</td>
<td>423</td>
</tr>
<tr>
<td>GPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$27.00</td>
<td>$61.5K</td>
<td style="text-align: right;">489</td>
<td>2.8K</td>
</tr>
</tbody>
</table>

<h3>About Gap</h3>
Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,600 stores in North America, Europe, and Asia and franchises more than 900 stores in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.
In light of the recent options history for Gap, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Gap</h3>
<ul>
<li>Trading volume stands at 2,725,532, with GPS's price down by -0.59%, positioned at $25.25.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 64 days.</li>
</ul>
<h3>What Analysts Are Saying About Gap</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $22.24.
<ul>
<li>Maintaining their stance, an analyst from B of A Securities continues to hold a Underperform rating for Gap, targeting a price of $15. </li>
<li>Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Gap with a target price of $28. </li>
<li>Consistent in their evaluation, an analyst from TD Cowen keeps a Market Perform rating on Gap with a target price of $21. </li>
<li>In a positive move, an analyst from KGI Securities has upgraded their rating to Outperform and adjusted the price target to $25. </li>
<li>An analyst from Telsey Advisory Group has decided to maintain their Market Perform rating on Gap, which currently sits at a price target of $22. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Gap, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Unpacking the Latest Options Trading Trends in Gap

The Nasdaq 100 closed lower by around 150 points on Wednesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Gap </h3>
<ul>
<li>The Trade: The Gap, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) Chief Legal &amp; Compliance Officer Julie Gruber <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 24,180 shares </a> at an average price of $23.00. The insider received around $556,140 from selling those shares.</li>
<li>What&rsquo;s Happening: On March 7, The Gap reported stronger-than-expected financial results for its fourth quarter.</li>
<li>What Gap Does: Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Flowers Foods</h3>
<ul>
<li>The Trade: Flowers Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flo#NYSE">FLO</a>) Chief Growth Officer Terry S Thomas <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 36,577 shares </a> at an average price of $23.11. The insider received around $845,162 from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 8, Flowers Foods posted downbeat quarterly earnings.</li>
<li>What Flowers Foods Does: Flowers Foods Inc is an American company producing bakery food for retail and foodservice across the United States.</li>
</ul>
<h3>BJ&#39;s Wholesale Club </h3>
<ul>
<li>The Trade: BJ&#39;s Wholesale Club Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bj#NYSE">BJ</a>) Director Christopher J Baldwin <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 73,062 shares </a> at an average price of $73.95. The insider received around $5.4 million from selling those shares.</li>
<li>What&rsquo;s Happening: On March 7, BJ&rsquo;s Wholesale reported fourth-quarter FY23 sales growth of 8.7% year-on-year to $5.36 billion, missing the analyst consensus of $5.39 billion.</li>
<li>What BJ&#39;s Wholesale Club Does: BJ&#39;s Wholesale Club Holdings Inc is a warehouse club and gas station operator. The company provides various products such as television and electronics, furniture, computers and tablets, appliances, food products, and others.</li>
</ul>
<h3>MGM Resorts International </h3>
<ul>
<li>The Trade: MGM Resorts International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mgm#NYSE">MGM</a>) Director Keith A. Meister <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 425,000 shares </a> at an average price of $42.92. The insider received around $18.24 million from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 13, MGM Resorts reported fourth-quarter revenue of $4.38 billion, which was up 22% year-over-year.</li>
<li>What MGM Resorts International Does: MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market.</li>
</ul>
&nbsp;
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MGM Resorts, BJ's Wholesale Club And 2 Other Stocks Insiders Are Selling

Last Thursday, The Gap Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) topped analyst estimates with its fourth fiscal quarter results thanks to financial and operational discipline, along with a demand rebound for its namesake brand.&nbsp;The clothing retailer has been losing customers to its rivals, such as Shein and Amazon.com Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) and although it still isn&rsquo;t back to sales growth, its margins are showing it is getting better. Although Gap did start to turn things around, it is also expecting a rough year ahead for consumers, like its peers Ross Stores Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rost#NASDAQ">ROST</a>), as well as Victoria&rsquo;s Secret &amp; Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vsco#NYSE">VSCO</a>) who along with Foot Locker (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fl#NYSE">FL</a>) had a rough quarter.
<h3>Fiscal Fourth Quarter Highlights</h3>
For the quarter ended on February 3rd, Gap saw a tiny YoY increase of 1% in sales that amounted to&nbsp;$4.3 billion, but still surpassing LSEG&rsquo;s estimate of&nbsp;$4.22 billion. But, the increase is owed to an additional week during fiscal 2023 that benefited Gap&rsquo;s retail peers as well. However,&nbsp;Old Navy grew 6% to $2.29 billion&nbsp;and more importantly, returned to growth for the first time in more than a year.
With&nbsp;fewer markdowns and lower input costs.&nbsp;overall gross margin surged 5.3 percentage points to 38.9%, surpassing StreetAccount&rsquo;s estimate of&nbsp;&nbsp;36%. As a result, Gap went from last year&rsquo;s loss to a net income of&nbsp;$185 million, or 49 cents per share, smashing LSEG&rsquo;s estimate of&nbsp;23 cents.
Comparable sales remained flat, which is better than StreetAccount&rsquo;s estimate of a drop.&nbsp;In-store sales&nbsp;rose&nbsp;4%&nbsp;but online sales contracted&nbsp;2%, making 40% of total revenue.
<h3>Brand Segmentation</h3>
Old Navy sales expanded&nbsp;6% to $2.29 billion&nbsp;with comparable sales rising 2%.
Gap sales contracted 5%&nbsp;to $1.01 billion, but comparable sales rose 4%.
Banana Republic sales also contracted 2% to&nbsp;$567 million&nbsp;with&nbsp;comparable sales&nbsp;also dropping 4%. Re-establishing the Banana Republic brand for it to shine in the premium lifestyle space will take more time, with the CEO Richard Dickson acknowledging that it is&nbsp;behind on the fundamentals.
Although having improved from the previous quarter,&nbsp;Athleta&nbsp;sales dropped&nbsp;4% to $419 million with comparable sales tanking 10% as the brand is holding the pricing fort.
<h3>A Muddy Outlook</h3>
For both the current quarter and fiscal year, Gap is expecting sales to be roughly flat as&nbsp;apparel market is expected to decline&nbsp;this year. Even Urban Outfitters Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/urbn#NASDAQ">URBN</a>) is thinking of revamping its namesake stores after having observed consumers are no longer as cheery as they were after getting out of the pandemic. Unlike Gap, Urban Outfitters missed estimates with its latest earnings report. Ross Stores Inc also opted for a conservative approach due to seeing consumers being pressured with increased costs of living. Victoria &amp; Secret also provided a cautious outlook in response to weakened demand in North America.
Gap seems to be on track to reinvigorate its brands.
Gap is expecting&nbsp;grow its gross margin by at least a half percentage point in fiscal 2024.&nbsp;It did a good job at improving its gross margin and cost structure last year, along with strengthening its marketing efforts that sparked&nbsp;enthusiasm from women shoppers,&nbsp;but it&rsquo;s still far from getting its mojo back.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

General

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Holiday Quarter Magic Got Gap On Track To Reinvigorate Its Brands

13 analysts have expressed a variety of opinions on Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $22.02, with a high estimate of $28.00 and a low estimate of $15.00. Surpassing the previous average price target of $18.91, the current average has increased by 16.45%.
<img src="https://www.benzinga.com/files/images/story/2024/1710165634_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive Gap is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brooke Roach</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$24.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Oliver Chen</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$21.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Simeon Siegel</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$18.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$24.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Ike Boruchow</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$25.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Jenny Liu</td>
<td>KGI Securities</td>
<td>Announces</td>
<td>Outperform</td>
<td>$25.20</td>
<td>-</td>
</tr>
<tr>
<td>Mark Altschwager</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$23.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Adrienne Yih</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$28.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$22.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Lorraine Hutchinson</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$15.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$17.00</td>
<td>-</td>
</tr>
<tr>
<td>Matthew Boss</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$20.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Ike Boruchow</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$24.00</td>
<td>$20.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Gap. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Gap compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Gap's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/GPS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Gap analyst ratings.</a>
<h2>About Gap</h2>
Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,600 stores in North America, Europe, and Asia and franchises more than 900 stores in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.
<h3>Gap: A Financial Overview</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Gap's revenue growth over a period of 3 months has faced challenges. As of 31 October, 2023, the company experienced a revenue decline of approximately -6.73%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Gap's net margin excels beyond industry benchmarks, reaching 5.79%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Gap's ROE stands out, surpassing industry averages. With an impressive ROE of 9.23%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.99%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 2.26.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About Gap Stock

Goldman Sachs analyst Brooke Roach maintains Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) with a Buy and raises the price target from $18 to $24.

Goldman Sachs Maintains Buy on Gap, Raises Price Target to $24

The stock market is navigating a mixed closing session this week, with the S&amp;P 500 and Nasdaq 100 struggling to stave off a weekly downturn.
Initially, optimism was fueled by traders interpreting the February jobs report&#8217;s mixed signals as solidifying expectations <a href="https://www.benzinga.com/news/econ-s/24/03/37558250/february-jobs-growth-beats-estimates-but-unemployment-rate-rises-to-3-9-wage-growth-eases">for June rate cuts. </a>
The report revealed that nonfarm payrolls increased by 275,000 in February, surpassing the anticipated rise of 200,000, while the January figure was downwardly revised to 229,000. The unemployment rate surprisingly rose from 3.7% in January to 3.9% in February.
Investor attention swiftly shifted to profit-taking in the semiconductor sector, as disappointing guidance from Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) led to declines of 9.3% and over 6%, respectively.
The chipmaker benchmark, the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), tumbled 2.4%, on course for its worst session since late January, while Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) plummeted 3.6%. 
Notably, small caps outperformed large caps, with the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), reaching the highest levels since early April 2022. 
Treasury yields and the U.S. dollar rebounded from their initial losses post-jobs report. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) briefly reached a record high of $70,199 before retracing to $68,500 by midday. 
Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), nears $2,200/oz, marking fresh record highs and poised for its eighth consecutive session of gains, its longest streak since July 2020.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices &amp; ETFs</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,098.66</td>
<td>0.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,879.20</td>
<td>0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,151.37</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,154.76</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
</figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) eased 0.1% to $514.45, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.3% lower to $389.62 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.7% to $442.28, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the&nbsp;Real Estate&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>), was the top performer, up by 1.2%, while the&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) trailed, down by 0.7%.&nbsp;
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Stocks moving on earnings were DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) (up over 5%), Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) (down over 7%), Gap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) (up over 3%), Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) (up over 13%), Smith &amp; Wesson Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) (up about 28%) and MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) (down over 6%).</li>
<li>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) rose over 6% after Goldman Sachs upgraded the stock from <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37560087/coinbase-earns-upgrade-as-bitcoin-explodes-past-70-0000-volumes-not-seen-since-2021">Sell to Neutral</a>. </li>
<li>Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) rose over 4%, after the cruise lines received a price target boost from Stifel. Peers Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) and Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) both rose by about 2%.</li>
<li>Biotech company Amylyx Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMLX#NASDAQ">AMLX</a>) fell over 80% after announcing topline results from the PHOENIX Phase 3 trial of AMX0035, which did not lead to a statistical significant difference in treating amyotrophic <a href="https://www.benzinga.com/general/biotech/24/03/37560664/why-is-neurodegenerative-diseases-focused-amylyx-pharmaceuticals-stock-plunging-on-friday">lateral sclerosis, or ALS</a>. </li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37562595/semiconductor-mania-surges-past-dot-com-bubbles-peak-abnormal-times-top-wall-street">Semiconductor Mania Surges Past Dot-Com Bubble&#8217;s Peak: &#8216;Abnormal Times,&#8217; Top Wall Street Analyst Says</a>
Photo via Shutterstock.

Analyst Color

Earnings

Earnings Misses

Mid Cap

Broad U.S. Equity ETFs

Econ #s

Economics

Federal Reserve

Intraday Update

Tech

ETFs

$BTC

Amplify YieldShares Oil Hedged MLP Income ETF

AMLX

AVGO

COIN

COST

SPDR Dow Jones Industrial Average ETF Trust

DOCU

MRVL

NCLH

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

SWBI

XLRE

Stocks Fall As Chipmakers Retreat From Highs, Bitcoin Pulls Back After $70,000, Gold Rises To $2,200: What's Driving Markets Friday?

TD Cowen analyst Oliver Chen maintains Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) with a Market Perform and raises the price target from $19 to $21.

TD Cowen Maintains Market Perform on Gap, Raises Price Target to $21

BMO Capital analyst Simeon Siegel maintains Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) with a Market Perform and raises the price target from $14 to $18.

BMO Capital Maintains Market Perform on Gap, Raises Price Target to $18

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Evercore ISI Group raised the price target for The Gap, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) from $22 to $24. Evercore ISI Group analyst Michael Binetti maintained an Outperform rating. Gap shares gained 1.4% to close at $19.33 on Thursday. <a href="https://www.benzinga.com/quote/GPS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies raised the price target for Brunswick Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bc#NYSE">BC</a>) from $95 to $115. Jefferies analyst Anna Glaessgen maintained a Buy rating. Brunswick shares gained 2% to close at $89.55 on Thursday. <a href="https://www.benzinga.com/quote/BC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Roth MKM boosted Marvell Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrvl#NASDAQ">MRVL</a>) price target from $60 to $95. Roth MKM analyst Suji Desilva maintained a Buy rating. Marvell Technology shares gained 4.6% to close at $85.09 on Thursday. <a href="https://www.benzinga.com/quote/MRVL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities boosted the price target for Textron Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/txt#NYSE">TXT</a>) from $85 to $105. B of A Securities analyst Ronald Epstein upgraded the stock from Neutral to Buy. Textron shares fell 0.3% to close at $90.32 on Thursday. <a href="https://www.benzinga.com/quote/TXT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan increased Broadcom Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>) price target from $1,550 to $1,700. JP Morgan analyst Harlan Sur maintained the stock with an Overweight rating. Broadcom shares gained 4.2% to close at $1,407.01 on Thursday. <a href="https://www.benzinga.com/quote/AVGO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan boosted the price target for General Electric Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>) from $166 to $180. JP Morgan analyst Seth Seifman upgraded the stock from Neutral to Overweight. General Electric shares gained 4.4% to close at $166.50 on Thursday. <a href="https://www.benzinga.com/quote/GE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo increased Micron Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mu#NASDAQ">MU</a>) price target from $95 to $125. Wells Fargo analyst Aaron Rakers maintained an Overweight rating. Micron shares gained 3.6% to close at $98.98 on Thursday. <a href="https://www.benzinga.com/quote/MU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>DA Davidson boosted MongoDB, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdb#NASDAQ">MDB</a>) price target from $405 to $430. DA Davidson analyst Rudy Kessinger upgraded the stock from Neutral to Buy. MongoDB shares gained 0.6% to close at $412.01 on Thursday. <a href="https://www.benzinga.com/quote/MDB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased Costco Wholesale Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) price target from $775 to $850. Baird analyst Peter Benedict maintained an Outperform rating. Costco shares gained 1.6% to close at $785.59 on Thursday. <a href="https://www.benzinga.com/quote/COST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho raised The Cigna Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ci#NYSE">CI</a>) price target from $370 to $385. Mizuho analyst Ann Hynes maintained a Buy rating. Cigna shares gained 0.9% to close at $342.74 on Thursday. <a href="https://www.benzinga.com/quote/CI/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Broadcom To Rally Around 21%? Here Are 10 Top Analyst Forecasts For Friday

The 61 rating InvestorsObserver gives to Gap Inc (GPS)  stock puts it near the top of the Consumer Cyclical sector.In addition to scoring higher than 88 percent of stocks in the Consumer Cyclical sector, GPSâ€&#x2122;s 61 overall rating means the stock scores better than 61 of all stocks. GPS has an Overall Score of 61. Find out wh

Is Gap Inc (GPS) Stock a Bad Value Thursday?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With fourth quarter 2023 earnings season just about done, some clear winners have emerged. Strong prints and bullish outlooks have catapulted some stocks higher by 20% or more in recent weeks. At the same time, exceptional financial results have sent analysts running to <a href="https://www.investopedia.com/articles/stocks/10/stock-analysts.asp">revise their ratings</a> and price targets on certain stocks. Smart investors should be paying attention to the analysts&rsquo; top stock picks as these ratings and targets can go a long way in influencing sentiment and the buying intentions of investors. Some stocks that had been in decline for years have now turned around their operations and finances, requiring a total rerating. 



Beyond earnings, some securities are seeing their share prices rise due to other catalysts that range from dividend increases and new partnerships to an improved economic outlook and the adoption of cutting edge technologies. Whatever the reasons, analysts clearly <a href="https://www.nasdaq.com/market-activity/analyst-recommendations">favor certain stocks</a> in this bull market and their ratings reflect this fact. Here are three of the analysts&rsquo; top stock picks right now.



<h2>Dick&rsquo;s Sporting Goods (DKS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/dks-stock-1600-300x169.png" alt="Exterior of Dick's Sporting Goods retail store including sign and logo."><div>Source: George Sheldon via Shutterstock</div></div>Analysts have been scrambling to upgrade the stock of Dick&rsquo;s Sporting Goods (NYSE:<a href="https://investorplace.com/stock-quotes/dks-stock-quote/">DKS</a>) ever since the sporting goods retailer issued strong financial results a few weeks back. Loop Capital raised its price target on DKS stock to $220 a share from $150, while Barclays <a href="https://www.sahmcapital.com/news/content/barclays-maintains-overweight-on-dicks-sporting-goods-raises-price-target-to-239-2024-03-18">lifted its price target</a> to $239 from $194 and maintained a &ldquo;buy&rdquo; rating on the shares. The upgrades come with DKS stock up 52% year-to-date (YTD). 



DKS stock has been surging ever since the company reported the biggest quarterly sales in its history and <a href="https://www.baystreet.ca/dividends/978/Dicks-Sporting-Goods-Raises-Dividend-10">raised its dividend by 10%</a>. Going forward, Dick&rsquo;s will pay a quarterly dividend of $1.10 per share. Last year, the company <a href="https://www.thestreet.com/investing/stocks/dicks-sporting-goods-doubles-dividend-does-that-make-dks-stock-a-buy">doubled its dividend </a>payment as sales and profits continued to rise coming out of the pandemic. Dick&rsquo;s Sporting Goods also provided bullish guidance for 2024, leaving analysts drooling at the growth prospects. 



<h2>Chipotle Mexican Grill (CMG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/cmg1600-300x169.png" alt="Chipotle - Sign on building, CMG stock"><div>Source: Retail Photographer / Shutterstock.com</div></div>Analysts are <a href="https://www.reuters.com/business/retail-consumer/chipotle-jumps-first-ever-stock-split-shares-hover-record-high-2024-03-20/">loving the plan</a> by Chipotle Mexican Grill (NYSE:<a href="https://investorplace.com/stock-quotes/cmg-stock-quote/">CMG</a>) to execute a 50-for-1 stock split in June of this year. Analysts at Baird <a href="https://ca.investing.com/news/stock-market-news/baird-raises-chipotle-price-target-to-3150-on-stock-split-news-93CH-3315919">raised their price target</a> on CMG stock to $3,150 a day after the split was announced. That implies nearly 9% upside from current levels and comes after the stock has already risen 78% in the last 12 months. Baird notes that the stock split will provide liquidity and attract price-conscious retail investors. 



Similarly, Deutsche Bank just <a href="https://www.fool.com/investing/2024/03/21/chipotle-stock-still-has-big-upside-according-to-1/">raised its price target </a>on CMG stock to $3,300 a share, implying 14% upside from current levels while maintaining a &ldquo;buy&rdquo; rating on the shares. The stock split is the first ever by Chipotle, which went public in 2006. Analysts on Wall Street have called for a stock split over many years, arguing that lowering the share price will make the stock more accessible to people. 



<h2>Gap (GPS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/gps-stock-2-1-300x169.jpg" alt="A close-up view of a Gap (GPS) sign in the window of a Los Angeles, California mall."><div>Source: Alex Millauer / Shutterstock.com</div></div>The turnaround story at clothing retailer Gap (NYSE:<a href="https://investorplace.com/stock-quotes/gps-stock-quote/">GPS</a>) also has Wall Street drooling. Analysts at Barclays, Evercore, Baird and Bank of America each raised their price targets on GPS stock and placed &ldquo;buy&rdquo; equivalent ratings on the shares after Gap crushed its most recent <a href="https://www.cnbc.com/2024/03/07/gap-gps-earnings-q4-2023.html#:~:text=Earnings%20per%20share%3A%2049%20cents,%244.22%20billion%20expected">earnings print</a>. A year ago, GPS stock was in the doldrums. So far this year, the shares are up 36%. 



While Gap&rsquo;s financial results have been strong, what Wall Street really likes is the <a href="https://www.forbes.com/sites/walterloeb/2024/03/11/the-gap-reports-positive-earnings-and-a-great-outlook/?sh=55112688556e">turnaround story</a> the company is telling. The company&rsquo;s Old Navy brand saw sales grow in the most recent quarter for the first time in more than a year, overall gross margins rose 5.3% to 38.9% due to fewer markdowns and inventory levels decreased by 16% last year, enabling Gap to again sell its clothing items at full price.



On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/3-stock-picks-that-have-wall-street-analysts-drooling/">3 Stock Picks That Have Wall Street Analysts Drooling</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Stock Picks That Have Wall Street Analysts Drooling

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Anyone else notice that Gap (NYSE:<a href="https://investorplace.com/stock-quotes/gps-stock-quote/">GPS</a>) stock has been on an absolute tear since May 2023?



Since May, GPS stock has made a big move from $7 to $27. Much of it is justified, as it&rsquo;s coming from strategic initiatives starting to pay off. Gap seems to have turned the corner across all its brands &ndash; Old Navy, Gap, Banana Republic, and Athleta.



Now in fairness, Gap appears to be at a critical juncture where it either breaks out or breaks down.



<div>
Could Gap <a href="https://twitter.com/search?q=%24GPS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GPS</a> finally breakout? <a href="https://t.co/8ljkmrShvo">pic.twitter.com/8ljkmrShvo</a>&mdash; Michael A. Gayed, CFA (@leadlagreport) <a href="https://twitter.com/leadlagreport/status/1773037444390134151?ref_src=twsrc%5Etfw">March 27, 2024</a></div>What has caused the most recent surge?



<h2>Why Gap (GPS) Stock Is Surging Higher</h2>



To put it simply: leadership. It&rsquo;s more than fundamentals at this point. It&rsquo;s been a long time since investors got excited for GPS stock given lack of a clear vision for Gap and its many brands. However, this is all starting to change in investor minds.



Under the <a href="https://www.gapinc.com/en-us/articles/2023/07/richard-dickson-appointed-president-and-chief-exec">new leadership of CEO Richard Dickson</a>, Gap is on a mission to rejuvenate its brand and secure its position in the competitive fashion market. Dickson, known for his transformative work with the Barbie brand at Mattel (NYSE:<a href="https://investorplace.com/stock-quotes/mat-stock-quote/">MAT</a>), brings a fresh perspective that could be pivotal for Gap&rsquo;s turnaround.



Dickson is shaking things up at Gap with a fresh strategy focused on staying trendy, offering great value, and connecting with consumers from all walks of life. The goal is to have Gap&rsquo;s clothes reflect what&rsquo;s hot right now. The company is also focusing on pricing and ensuring its ads speak everyone&rsquo;s language. This isn&rsquo;t just about looking good, but also about welcoming everyone into the Gap family.



On the eco-friendly front, Gap is going green in a big way, <a href="https://www.gapinc.com/en-us/values/sustainability/enriching-communities/climate">targeting reductions in carbon emissions</a> by 2030 and switching to sustainable materials across the board. The company also plans to expand into the Asia-Pacific region with 150 new stores.



Finally, Dickson is doubling down on what&rsquo;s cool and comfy by boosting Old Navy&rsquo;s athleisure gear and giving <a href="https://www.businessinsider.com/gap-ceo-banana-republic-can-be-quiet-luxury-brand-2023-11">Banana Republic a luxury makeover</a>. And for the younger crowd, making Gap hoodies the next big thing is the game plan.



I like the vision here. Gap certainly isn&rsquo;t an AI stock, but it could continue to surprise to the upside for years to come.



On the date of publication, Michael Gayed did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://protect-us.mimecast.com/s/YUYqC31vVVI7KAkriDfKi6?domain=investorplace.com/">Publishing Guidelines</a>.
<div>The Lead-Lag Report is provided by Lead-Lag Publishing, LLC. All opinions and views mentioned in this report constitute our judgments as of the date of writing and are subject to change at any time. Information within this material is not intended to be used as a primary basis for investment decisions and should also not be construed as advice meeting the particular investment needs of any individual investor. Trading signals produced by the Lead-Lag Report are independent of other services provided by Lead-Lag Publishing, LLC or its affiliates, and positioning of accounts under their management may differ. Please remember that investing involves risk, including loss of principal, and past performance may not be indicative of future results. Lead-Lag Publishing, LLC, its members, officers, directors and employees expressly disclaim all liability in respect to actions taken based on any or all of the information on this writing.

Michael A. Gayed is the Publisher of <a href="https://leadlagreport.substack.com/subscribe?coupon=195a5dad">The Lead-Lag Report</a>, and Portfolio Manager at Tidal Financial Group, an investment management company specializing in ETF-focused research, investment strategies and services designed for financial advisors, RIAs, family offices and investment managers.

InvestorPlace readers that are new subscribers to the <a href="https://leadlagreport.substack.com/subscribe?coupon=195a5dad">The Lead-Lag Report</a> can receive a 30% discount.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/03/gap-isnt-an-ai-stock-but-it-has-years-of-upside-surprises-ahead/">Gap Isn't an AI Stock, But It Has Years of Upside Surprises Ahead</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Gap Isn't an AI Stock, But It Has Years of Upside Surprises Ahead

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
As we move into April, the dust is settling on fourth quarter 2023 earnings season, and, by most accounts, it was a success. According to <a href="https://insight.factset.com/earnings-insight-infographic-q4-2023-by-the-numbers">data from FactSet</a>, 73% of companies listed in the S&amp;P 500 index exceeded their earnings estimates. Overall, earnings for the last quarter of 2023 grew 4% year-over-year, marking the second consecutive quarter of annualized growth. The communications services sector reported the strongest earings growth among the 11 sectors that comprise the S&amp;P 500 at 45%. 



Successful Q4 2023 earnings are largely responsible for the stock market rising to an all-time high in this year&rsquo;s first quarter. The S&amp;P 500 is closing out Q1 up 11%, its <a href="https://www.cnbc.com/2024/03/27/stock-market-today-live-updates.html">strongest start</a> to a year since 2019. All three major stock indices in the U.S. are currently at record highs. This despite the fact that inflation remains stubborn and the U.S. Federal Reserve has pushed back the timing of interest rate cuts this year. A lot will be riding on earnings for this year&rsquo;s first quarter that will start rolling in mid-April. As we wait for those results, here are the three most compelling stocks to buy now that the Q4 earnings dust has settled. 



<h2>The Gap (GPS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/gps-stock-3-300x169.jpg" alt="GPS stock: a close up of a Gap logo on a building"><div>Source: Shutterstock</div></div>Clothing retailer The Gap (NYSE:<a href="https://investorplace.com/stock-quotes/gps-stock-quote/">GPS</a>) is riding high after posting a strong Q4 2023 <a href="https://www.cnbc.com/2024/03/07/gap-gps-earnings-q4-2023.html#:~:text=Earnings%20per%20share%3A%2049%20cents,%244.22%20billion%20expected">earnings report</a> and providing further evidence that its turnaround strategy is working. GPS stock is up more than 40% since the company delivered its latest print. Over the last 12 months, the share price has tripled. The latest leg higher comes after The Gap reported earnings per share (EPS) of 49 cents, surpassing the 23 cents forecasted on Wall Street.



Revenue in Q4 totaled $4.30 billion versus $4.22 billion that had been expected among analysts. The company highlighted that its latest earnings got a lift from sales at Old Navy, which grew 6% to $2.29 billion. It was the first <a href="https://www.barrons.com/articles/gap-stock-earnings-2d7c937d">growth at Old Navy</a> in more than a year. Analysts and investors also liked that The Gap&rsquo;s gross margin rose 5.3 percentage points to 38.9% due to fewer markdowns and lower input costs. 



The Gap successfully decreased its inventory level by 16% during all of last year. The company is now focused on selling items at full price, with no further markdowns planned. The blowout print and impressive metrics have GPS stock surging as we enter the year&rsquo;s second quarter. 



<h2>Micron Technology (MU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/mu_micron_1600-300x169.png" alt="An outside image of a Micron Technology, Inc. headquarters. MU stock. momentum stocks to buy soon"><div>Source: Charles Knowles / Shutterstock.com</div></div>Shares of Micron Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/mu-stock-quote/">MU</a>) also got <a href="https://www.barrons.com/articles/micron-technology-stock-earnings-d6cd03f9">a huge boost </a>from the company&rsquo;s most recent earnings. MU stock is up 44% year to date and has doubled in the last 12 months. The surge comes after Micron provided upbeat forward guidance fueled by demand for artificial intelligence (AI) products and services. The company, which makes memory and storage for computers, reported EPS of 42 cents compared to a loss of 25 cents that was expected on Wall Street.



Micron&rsquo;s fiscal second quarter revenue totaled $5.82 billion versus $5.35 billion that was expected among analysts. Management said that the company is benefitting from <a href="https://www.cnbc.com/2024/03/20/shares-of-micron-pop-12percent-on-earnings-beat-driven-by-ai-boom.html#:~:text=Micron%2C%20which%20makes%20memory%20and,the%20same%20period%20last%20year.">booming demand </a>for its memory and computer data storage products, driven by the growth of AI. Looking ahead, Micron executives said they expect to report revenue of $6.60 billion for the just completed first quarter of 2024, which is above the $6.02 billion that analysts had penciled in for the company.



Micron, who provides memory and storage systems for AI, now looks like the hottest AI play on Wall Street. 



<h2>Dick&rsquo;s Sporting Goods (DKS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/dks-stock-1600-300x169.png" alt="Exterior of Dick's Sporting Goods retail store including sign and logo."><div>Source: George Sheldon via Shutterstock</div></div>Dick&rsquo;s Sporting Goods&rsquo; (NYSE:<a href="https://investorplace.com/stock-quotes/dks-stock-quote/">DKS</a>) stock has been trading like a tech start-up ever since it issued record quarterly results and <a href="https://www.cnbc.com/2024/03/14/dicks-sporting-goods-dks-earnings-q4-2023.html#:~:text=Excluding%20one%2Dtime%20items%20related,%243.60%20billion%20a%20year%20earlier.">raised its dividend by 10%</a>. Year to date, DKS stock has gained 53%, outpacing many of the mega-cap <a href="https://investorplace.com/industries/technology/">technology stocks</a>. Since releasing latest results, the company&rsquo;s share price has risen 25%. This comes after Dick&rsquo;s reported EPS of $3.85 versus $3.35 that was expected on Wall Street. 



Revenue in the final quarter of last year reached a record $3.88 billion, exceeding analysts&rsquo; forecast of $3.80 billion. Sales were up 8% from a year earlier, the biggest quarterly sales in its history. The <a href="https://www.investopedia.com/dick-s-sporting-goods-stock-surges-earnings-beat-higher-dividend-8608989">forward guidance </a>provided by the sporting goods retailer was also robust and ahead of analysts&rsquo; expectations. Dick&rsquo;s also announced a quarterly dividend of $1.10 per share going forward, up 10% from $1 previously.



Over the past five years, DKS stock has increased 507%, making it one of the best-performing <a href="https://investorplace.com/industries/consumer-discretionary/retail/">retail stocks</a> and a great long-term investment. 



On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
<div>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/the-3-most-compelling-stocks-now-that-the-q4-earnings-dust-has-settled/">The 3 Most Compelling Stocks Now That the Q4 Earnings Dust Has Settled</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Most Compelling Stocks Now That the Q4 Earnings Dust Has Settled

InvestorsObserver gives Gap Inc (GPS) a strong  valuation score of 62 from its analysis. The proprietary scoring system considers the underlying health of a company by analyzing its stock price, earnings, and growth rate. GPS currently holds a better value than 62% of stocks based on these metrics. Long term investors focu

Gap Inc (GPS) Stock: How Does it Score on Valuation Metrics?

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Popular activewear stocks have really taken a beating over the past several months, led lower by such names as yoga top dog Lululemon (NASDAQ:<a href="https://investorplace.com/stock-quotes/lulu-stock-quote/">LULU</a>), which is now down a whopping 34% from its late-2023 high, and sneaker behemoth Nike (NYSE:<a href="https://investorplace.com/stock-quotes/nke-stock-quote/">NKE</a>), down 48% from its late-2021 peak. 



Undoubtedly, the period of weakness has caused some to draw comparisons to perpetual apparel underperformer Under Armor (NYSE:<a href="https://investorplace.com/stock-quotes/ua-stock-quote/">UA</a>), which is off more than 85% from its 2016 all-time high. Such comparisons may be unwarranted, given just one quarter (in the case of LULU stock) or two years (for NKE stock) isn&rsquo;t really a long enough timeframe to judge a company and its long-term growth thesis.



As valuations come in and both activewear firms tread water, investors may wish to give the broader industry a look if what they seek is either next-level growth or deep value. Let&rsquo;s check out a trio that&rsquo;d probably be more appealing to the value and growth crowds as we head into a period of seasonal strength.



<h2>Under Armor (UA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/under-armour-ua-1600-300x169.jpg" alt="Under Armour on Michigan Avenue in Chicago"><div>Source: Sorbis / Shutterstock.com</div></div>First, we have Under Armor, which as noted above, has been under serious pressure in recent years. Given the magnitude of the company&rsquo;s woes, I think it&rsquo;s quite a stretch (pardon the pun) to refer to yoga wear firm Lululemon as <a href="https://seekingalpha.com/news/4087305-lululemon-headed-same-fate-under-armour">the next Under Armor</a>, especially since it was just one quarter that had investors throwing in the towel.



With shares close to all-time lows (not a term we hear all too often), UA stock may be the ultimate deep-value play for those who believe in the brand and its turnaround prospects. With founder Kevin Plank making his return to the company as CEO, the firm may just be able to return to its roots as it looks to fire back at the likes of rivals like Nike and even Lululemon. 



Indeed, competition in activewear can be so fierce these days. With a focus on investing only in the most promising growth drivers (such as footwear and women&rsquo;s wear), I do think Plank&rsquo;s return could be a rewarding one for UA stock investors. 



At just 1.28 times price-to-book (P/B), expectations seem low enough that a modest earnings surprise could be enough to spark a significant upside move.



<h2>On Holdings (ONON)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/10/onon-running-shoes-1600-300x169.jpg" alt="A photograph of a person running along the side of a road."><div>Source: It for you / Shutterstock.com</div></div>From value play to disruptive grower, we have On Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/onon-stock-quote/">ONON</a>). A relative newcomer to the footwear scene, it has competitors like Nike feeling as though they were caught flatfooted. With ONON stock more than doubling off its 2022 all-time lows, it seems like the Swiss-based firm is the hot activewear growth stock to own. Indeed, there&rsquo;s a lot of ground to gain if On Holdings can execute on its growth strategy.



With the ambitious plan to open 100 new stores while also expanding the non-footwear side of the business (apparel), the tables certainly seem tilted in On Holdings&rsquo; favor. 



If the company can gain strides in <a href="https://au.lifestyle.yahoo.com/holding-exceeds-projections-q4-103459736.html">apparel</a> as it has in running shoes, there&rsquo;s no telling how much ground the ONON stock could gain as industry heavyweights feel the pinch of the tougher macro environment and amped-up competition. My guess is the apparel push will pay off now that its emerging brand has grown more recognizable in recent years.



At 39.6 times forward price-to-earnings, ONON stock has a great deal of growth priced in already. Perhaps waiting for a bigger pullback would be most prudent for those seeking growth at a more reasonable price.



<h2>Gap (GPS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/gps-stock-2-1-300x169.jpg" alt="A close-up view of a Gap (GPS) sign in the window of a Los Angeles, California mall."><div>Source: Alex Millauer / Shutterstock.com</div></div>Gap (NYSE:<a href="https://investorplace.com/stock-quotes/gps-stock-quote/">GPS</a>) may not be an activewear pure-play, but it has runway to gain in the space, with brands like Athleta for high-end yoga wear and some of the cost-conscious options in athletic apparel under the Old Navy brand. 



The apparel retailer behind various well-known apparel brands has been under serious pressure in recent years, shedding more than 78% of its value between its 2021 peak and the more recent 2023 trough. Since bottoming out last year, the stock&rsquo;s been skyrocketing, now up 189%. 



Though the momentum has reversed course in recent weeks, with shares plunging over 21% from 52-week highs of around $28 per share, I&rsquo;m inclined to view GPS stock as more of a bargain right here. Shares are trading at 16.8 times trailing price-to-earnings (P/E). Why? 



The latest round of <a href="https://seekingalpha.com/news/4077445-gap-shares-rally-q4-profit-upbeat-guidance">earnings</a> were pretty good, with Old Navy and Gap moving into a profit despite tough macro conditions. As Athleta continues building brand affinity following its recent slump, I do think GPS stock is a play to stash on one&rsquo;s radar.



On the date of publication, Joey Frenette did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://protect-us.mimecast.com/s/YUYqC31vVVI7KAkriDfKi6?domain=investorplace.com/">Publishing Guidelines</a>.
<div>Joey Frenette is a seasoned investment writer specializing in technology and consumer stocks. Contributing to the Motley Fool Canada, TipRanks, and Barchart, Joey excels in spotting mispriced stocks with long-term growth potential in a fast-paced market.</div><h3>More From InvestorPlace</h3>
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					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/04/3-activewear-stocks-id-rather-buy-than-lululemon-or-nike/">3 Activewear Stocks I&#8217;d Rather Buy Than Lululemon or Nike</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Activewear Stocks I'd Rather Buy Than Lululemon or Nike

ABBV

BZUN

LULU

MDLZ

ONON

Press Releases

Chris O'Neill Joins GrowthLoop's Board of Directors

Gap Inc. Names Eric Chan as Chief Business and Strategy Officer and Amy Thompson as Chief People Officer

Zac Posen Named EVP, Creative Director of Gap Inc. and Chief Creative Officer of Old Navy

Athleta Reimagines Performance Product with the Debut of Revolutionary Train Collection

Gap Inc. to Report Fourth Quarter and Fiscal 2023 Results on March 7

Entertainment

Gap Champions Originality In New Spring Campaign Starring GRAMMY® Award-winning Artist Tyla

Dividends

Gap Inc. Announces First Quarter Dividend

Athleta Partners with Katie Ledecky, the World's Most Decorated Female Swimmer, as Newest Member of its Power of She Collective

Commodities

Gap Inc. & Ambercycle Announce Efforts to Advance Textile-to-Textile Recycling

Gap Inc. Reports Fourth Quarter and Fiscal 2023 Results; Provides Fiscal 2024 Outlook

American Eagle Outfitters, Inc. Common Stock

American Eagle Outfitters

Abercrombie & Fitch

Buckle

Boot Barn Holdings

Burlington Stores

Caleres

Citi Trends

Torrid Holdings

Designer Brands Inc. Class A Common Stock

Designer Brands

Destination XL Group, Inc. - Common Stock

Destination XL Group

Foot Locker

Genesco

Guess

J.Jill

Lands' End

MYT Netherlands Parent B.V. American Depositary Shares, each representing one Ordinary Share