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JPMorgan Upgrades Gap, Highlights Old Navy's Recent Success
Monday, November 23, 2020 - 11:51am | 346Read More...Shares of Gap Inc (NYSE: GPS) look attractive at current levels after underperforming the S&P 500 index by 50% over the past three years, according to JPMorgan. The Gap Analyst: Matthew Boss upgraded Gap's stock from Neutral to Overweight with a price target lifted from $22 to $30...
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BofA Upgrades Gap On Athleta Performance, Old Navy Prospects
Friday, August 28, 2020 - 10:23am | 361Read More...Sales at Gap Inc’s (NYSE: GPS) Old Navy brand are likely to return to pre-pandemic levels faster than expected, according to BofA Securities. The Gap Analyst: Lorraine Hutchinson upgraded Gap from Underperform to Neutral and raised the price target from $10 to $18. The Gap Thesis:...
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GAP Losses Pile Up To Nearly $1B Due To Coronavirus Store Closures
Friday, June 5, 2020 - 12:56am | 343Read More...Gap Inc. (NYSE: GPS) reported quarterly losses amounting to nearly $1 billion due to store closures forced by the ongoing COVID-19 pandemic. What Happened Gap’s first-quarter results are a reflection of the toll that the coronavirus has extorted on the retailer. While store closures eroded...
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Gap Sales Drop Amid Pandemic, Retailer To Furlough 80,000 Workers In US And Canada
Tuesday, March 31, 2020 - 5:55am | 520Read More...Gap Inc. (NYSE: GPS) will furlough 80,000 employees at its stores, which remain closed as the coronavirus pandemic rampages across the United States. What Happened The retailer has had to close 90% of its stores around the world due to the coronavirus pandemic and recognizes that...
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Here's How Much Investing $100 In Gap Stock Back In 2010 Would Be Worth Today
Wednesday, March 11, 2020 - 6:21am | 520Read More...Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return for the decade was 250.5%. But there’s no question some big-name stocks did much better than others along the way. Gap’s Difficult Decade One of the...
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Black Friday 2019 Winners And Losers: Amazon, Macy's, Shopify And More
Monday, December 2, 2019 - 2:38pm | 741Read More...Online retailers were winners on a good news-bad news Black Friday that saw overall sales up nearly 20% over last year, but sales that came in under some expectations due to a drop-off in traditional brick and mortar shopping. U.S. shoppers spent more than $7 billion on Friday, thanks largely to...
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Analysts React To Gap's Q3 Earnings Beat, Target Taking Market Share From Old Navy
Friday, November 22, 2019 - 3:34pm | 735Read More...Gap Inc (NYSE: GPS) shares are moving higher one day after reporting a third-quarter earnings beat, despite seeing all three of its main segments deliver negative comps. Wells Fargo With Gap’s third-quarter outlook and CEO departure pre-announced earlier in the month, analyst Ike...
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Art Peck Is Out As Gap's CEO: Here's What Analysts Are Saying
Friday, November 8, 2019 - 4:09pm | 674Read More...Gap Inc (NYSE: GPS) investors were dealt multiple blows as the company announced the resignation of CEO Art Peck along with a disappointing third-quarter and full-year guidance update. The Analysts MKM Partners Roxanne Meyer maintains a Neutral rating on Gap's stock with a fair value estimate...
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Wall Street More Bullish On Gap Following Investor Day
Friday, September 13, 2019 - 1:35pm | 437Read More...Gap Inc (NYSE: GPS) hosted its investor day on Thursday, announcing the ambitious plan to open 800 Old Navy stores despite seeing a downturn in the business. Morgan Stanley: Mind The Gap Morgan Stanley analyst Kimberly Greenberger said the eventual Gap-Old Navy separation details creates key...
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Old Navy Comp Decline A Worry For Gap
Friday, August 23, 2019 - 1:16pm | 515Read More...Gap Inc (NYSE: GPS) shares are falling after reporting a second-quarter sales miss. Gap CEO Art Peck said the company was facing a difficult competitive environment after all three divisions of the company delivered negative comps. Fixable, But Waiting For Signs Morgan Stanley analyst Kimberly...
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An Analyst's Q1 Review Of Gap, Express
Tuesday, June 11, 2019 - 2:15pm | 425Read More...Gap Inc (NYSE: GPS) and Express, Inc. (NYSE: EXPR) recently reported first-quarter results, which prompted MKM to lower its fair value estimates for both names. The Analyst MKM Partners' Roxanne Meyer maintains a Neutral rating on Gap with a fair value estimate lowered from $33 to $18. The...
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2 Analysts Weigh In On Gap's Awful Q1
Friday, May 31, 2019 - 1:27pm | 444Read More...Gap Inc (NYSE: GPS) shares are reeling after reporting a first-quarter earnings and sales miss on Thursday. Adjusted EPS came in at 24 cents, missing analyst estimates by 8 cents. Sales of $3.7 billion came in slightly below estimates. Worse Than Expected Bank of America analyst Lorraine Hutchinson...
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Bulls & Bears Of The Week: Apple, Tesla, Home Depot, Walgreens And More
Sunday, March 3, 2019 - 11:04am | 933Read More...Benzinga featured looks at many investor favorite stocks over the past week. Retailers that posted quarterly results were among both bullish and bearish calls. Also covered were the prospects for the iPhone maker and the leading electric vehicle giant. The big U.S. indexes ended the past week...
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Analysts Cheer Old Navy Split, But Gap Still Has Some Work To Do
Friday, March 1, 2019 - 3:00pm | 782Read More...Shares of Gap Inc. (NYSE: GPS) surged 20 percent after it announced it will spin off its best performing brand, Old Navy, to shareholders in 2020, leading a few Wall Street analysts to boost their price estimates for the stock. Gap also announced a major restructuring plan that will see the closure...
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The Gap Is Splitting; Old Navy To Become Standalone Public Company
Thursday, February 28, 2019 - 4:43pm | 266Read More...Gap Inc (NYSE: GPS) shares are soaring after announcing the company is splitting into two independent publicly traded companies. Gap will split off into Old Navy, and a yet-to-be named company will consist of Gap brand, Athleta, Banana Republic, Intermix and Hill City. The company said the spin-off...
