GPS - The Gap, Inc.

NYSE - NYSE Delayed Price. Currency in USD
18.15
-0.38 (-2.05%)
At close: 4:04PM EST
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Previous Close18.53
Open18.53
Bid0.00 x 1200
Ask0.00 x 2200
Day's Range18.02 - 18.53
52 Week Range15.11 - 31.39
Volume5,979,638
Avg. Volume6,452,779
Market Cap6.775B
Beta (5Y Monthly)0.73
PE Ratio (TTM)8.47
EPS (TTM)2.14
Earnings DateFeb 26, 2020
Forward Dividend & Yield0.97 (5.23%)
Ex-Dividend DateJan 05, 2020
1y Target Est17.21
  • Gap announces it will no longer spin off Old Navy
    Yahoo Finance Video

    Gap announces it will no longer spin off Old Navy

    Gap has announced it will no longer spin off Old Navy into its own public company. The retail company also announced its President and CEO Neil Fiske is stepping down. The On The Move panel discusses the announcements.

  • Gap calls off Old Navy split
    Yahoo Finance Video

    Gap calls off Old Navy split

    Gap has announced it will no longer separate Old Navy into its own publicly traded company, leaving analysts more optimistic about the retail brand. Yahoo Finance's Dan Roberts and Seana Smith discuss the move on The First Trade.

  • Gap will no longer pursue Old Navy spin-off
    Yahoo Finance Video

    Gap will no longer pursue Old Navy spin-off

    After months of uncertainty, Gap Inc. announced Thursday that it will no longer pursue a spin-off of its Old Navy brand, prompting shares of the retailer to spike. The Final Round panel discusses the latest.

  • Gap’s troubles persist but at least the Old Navy spinoff isn’t happening, analysts say
    MarketWatch

    Gap’s troubles persist but at least the Old Navy spinoff isn’t happening, analysts say

    Gap Inc.’s decision to call off the Old Navy spinoff resolves one issue for the troubled retailer, but there are many more to deal with, according to analysts. “While this decision is surprising given management’s prior conviction behind it, we applaud the revised strategy and continue to believe it makes significantly more sense to keep Old Navy intact (even more so given recent Old Navy performance),” MKM Partners’ Managing Director Roxanne Meyer wrote in a note. Gap’s Interim Chief Executive Robert Fisher gave three reasons for why the separation would not happen during its most recent earnings call.

  • Company News for Jan 20, 2020
    Zacks

    Company News for Jan 20, 2020

    Companies in the news are: GPS, IMBI, TLRD, STT

  • Why The Gap, Inc. (NYSE:GPS) Looks Like A Quality Company
    Simply Wall St.

    Why The Gap, Inc. (NYSE:GPS) Looks Like A Quality Company

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Barrons.com

    Gap Canceled Its Old Navy Spinoff. That’s Good News for the Stock.

    The pessimism over the stock may be overdone, analysts say. Gap, with new management, now has room to maneuver through its turnaround efforts.

  • Benzinga

    PreMarket Prep Recap: Monthly Options Expiration Volatility, Gap Cancels Old Navy Spin Off

    One aspect of our show that distinguishes us from any other premarket coverage is our focus on opening imbalances for stocks listed on the New York Stock Exchange. The reason: these imbalances will dictate the opening price of these issues and can be especially influential on days of monthly or quadruple witch expirations. Monthly options expiration takes place on the third Friday of the month and quadruple expirations occur quarterly (March, June, September and December).

  • Gap (GPS) Up on Revocation of Old Navy Spin-Off, Raises View
    Zacks

    Gap (GPS) Up on Revocation of Old Navy Spin-Off, Raises View

    Gap (GPS) calls off the Old Navy spin-off on cost and complexity concerns. The company also raises guidance for fiscal 2019.

  • How Gap regroups after torpedoed spinout plans
    American City Business Journals

    How Gap regroups after torpedoed spinout plans

    The retailer said plans to launch its Old Navy brand as its own public company proved to be too costly and complicated.

  • Reuters

    REFILE-US STOCKS-China data boosts Wall Street futures to new record highs

    U.S. stock index futures hit new all-time highs on Friday, with investor optimism bolstered by an upbeat set of U.S. corporate earnings reports and indications of resilience in the Chinese economy. Optimism over a Phase 1 U.S.-China trade deal signed on Wednesday and recent upbeat data have raised hopes that the global economy may be picking up.

  • Barrons.com

    The Dow Looks Set to Hit Another New High. Thanks China.

    Futures suggested the rally in U.S. stocks wasn’t about to stop soon, as data from China underscored optimism the global economy will continue to expand.

  • Benzinga

    Gap Shares Surge As Company Pulls Plan To Make Old Navy A Separate Company

    "The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands," Gap's CEO Robert Fisher, said in a statement. Gap's shares closed 3.85% higher at $18.61 on Thursday.

  • TheStreet.com

    Gap Slides After U-Turn on Old Navy Separation; Deutsche Cuts Price Target

    Gap management scrapped plans to spin-off Old Navy late Thursday, and nudged its 2019 profit and sales forecast higher, as the struggling retailer looks to consolidate its three main brands.

  • Gap stock jumps on news it will not spin off Old Navy
    MarketWatch

    Gap stock jumps on news it will not spin off Old Navy

    Gap Inc. stock rallies in the extended session Thursday after the retailer backtracks from its plan to spin off its Old Navy brand.

  • Gap pulls plug on Old Navy spinoff to focus on turning around sales
    Reuters

    Gap pulls plug on Old Navy spinoff to focus on turning around sales

    Peck unveiled the plan in February last year when Old Navy was a bright spot for the company, which was struggling with out-of-fashion apparel at its Gap brand. The company on Thursday also said that Mark Breitbard, head of Banana Republic, will lead the Gap brand on interim basis after the departure of Chief Executive Officer Neil Fiske.

  • Gap kills planned spinout of Old Navy
    American City Business Journals

    Gap kills planned spinout of Old Navy

    The company initially announced its plans to spinout Old Navy last year in an effort to separate the better-performing division from its core retail brand.

  • Barrons.com

    Gap Stock Is Soaring After Company Scraps Old Navy Spinoff

    Gap also told investors that full-year earnings would be a bit better than the company previously estimated, with sales on a same-store and net basis will be at the higher end of its previous guidance.

  • MarketWatch

    Gap cancels Old Navy spinoff, citing 'cost and complexity'

    Gap Inc. said late Thursday it no longer plans to spin off its Old Navy brand, saying the "cost and complexity" of the separation limited the creation of "appropriate value" from the split. The process of preparing the spinoff shone a light onto operational problems and areas for improvement, the company said. "We have learned a lot and intend to operate Gap Inc. in a more rigorous and transformational manner that empowers our growth brands, Old Navy and Athleta, and appropriately focuses on profitability for Banana Republic and Gap brand," interim Chief Executive Robert Fisher said in a statement. Gap plans to appoint a new CEO overseeing all brands, the company said. In the same statement, Gap said it expects fiscal 2019 same-store sales and net sales to at the higher end of a previous guidance between down mid-single digits and down low-single digits. Thanks to better-than-expected promotional levels over the holiday period, particularly at Old Navy, Gap forecast adjusted fiscal year 2019 earnings per share to be "moderately above" a previous guidance between $1.70 and $1.75. Shares of Gap rose 9% in the extended session Thursday after ending the regular trading day up 3.9%.

  • Business Wire

    Gap Inc. No Longer Pursuing Separation of Old Navy

    Gap Inc. (NYSE: GPS) today announced that the company no longer intends to separate Old Navy into a standalone public company.

  • TheStreet.com

    Gap Jumps in After-Hours Trading on Upward Revision in Guidance

    Shares of Gap Inc. jumped 10% in after-hours trading Thursday after the company said it expects earnings to come in ahead of previous guidance and said it is no longer pursuing a spin-off of its Old Navy business. Gap also said it is no longer pursuing a spin-off of its Old Navy business. "Our board of directors has concluded that the cost and complexity of splitting into two companies, combined with softer business performance, limited our ability to create appropriate value from separation," said Robert Fisher, Gap Inc. interim president and chief executive officer.

  • Financial Times

    Gap scraps plans to spin off Old Navy

    Gap has abandoned plans to break itself up and announced another senior executive departure, in another sign of how retailers are struggling with their strategic responses to upheaval in the industry. almost a year ago to separate its Old Navy division from the rest of the group, which includes Banana Republic as well as its namesake brand.