|Bid||24.02 x 800|
|Ask||25.50 x 2200|
|Day's Range||24.33 - 25.16|
|52 Week Range||24.25 - 34.21|
|Beta (3Y Monthly)||0.45|
|PE Ratio (TTM)||9.47|
|Earnings Date||May 22, 2019 - May 28, 2019|
|Forward Dividend & Yield||0.97 (3.86%)|
|1y Target Est||30.55|
Gap Inc. is spinning off its most successful brand, Old Navy. The discount retailer posts positive year-over-year sales growth and accounts for over 40% of Gap Inc.'s annual sales. Meanwhile, Gap and the upscale Banana Republic brand have battled falling sales for several years in a row. Now, Gap and Banana Republic will join much smaller brands Intermix, Athleta, Hill City, and Janie & Jack to form an as-yet unnamed company, and Old Navy will stand alone.
The Bay Area's embrace of risk, failure and new ideas means it remains it a magnet for companies around the world eager to tap into region's innovation.
Levi Strauss & Co.'s return to the public markets got an enthusiastic reception from investors who believe the iconic brand is ready for a comeback — and still has a lot more room to grow. Levi's seems to have successfully convinced investors, at least for now, that it has a lot of opportunities to expand beyond just jeans, from tops to bolstering its women's business. In its prospectus, the company says it plans to use the proceeds from the public offering to expand more aggressively into China, India and Brazil and also build out more retail stores, which as of late last year totaled 824.
Levi Strauss took off on its first day trading on the NYSE Thursday after the IPO priced above expectations late Wednesday.
Lululemon (LULU) shares popped over 3% Thursday heading into the release of its fourth quarter financial results, as part of its larger 2019 climb. The yoga apparel and athleisure giant's bottom-line looks set to surge as it expands its menswear business, its global reach, and more.
Blue jeans giant Levi Strauss & Co. began trading Thursday on the New York Stock Exchange at $22.22 a share, after having priced its initial public offering at $17 a share the night prior. The company had initially expected to price its offering between $14 and $16 a share. Levi Strauss on Wednesday night priced its initial public offering at $17, topping original expectations of between $14 and $16 a share.
Levi Strauss immediately raised the bar in its return to the public market. The iconic denim retailer had priced its second initial public offering at $17 a share to raise nearly $625 million, almost $75 million more than what was initially expected. Fellow San Francisco-based icon Gap Inc. (NYSE: GPS) recently released plans to break out its more profitable Old Navy brand into a standalone public company.
Gap Inc (NYSE:GPS) files its latest 10-K with SEC for the fiscal year ended on January 31, 2019. Gap Inc is a global apparel and accessories retailer.
Picking up where they left off last week, the bulls logged another gain on Monday. The S&P 500's close of 2,832.94 yesterday was the best close since early October, though volume was suspiciously light.General Electric (NYSE:GE) led the way with a 2.4% gain, continuing a recovery driven by faith that a bigger-picture turnaround from the company is brewing. Bank of America (NYSE:BAC) wasn't far behind with its 1.8% advance, however, pushing it well past a hump discussed in detail late last week.Facebook (NASDAQ:FB) proved to be the biggest drag. Shares of the social networking giant fell 3.3% mostly thanks to a downgrade from Needham. Analyst Laura Martin is concerned that changes to the company's business model could crimp earnings. Martin also noted the adverse impact of what's quickly becoming a mass exodus of senior-level executives.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHeaded into Tuesday's trading action, however, it's the stock charts of Invesco (NYSE:IVZ), Fidelity National Information Services (NYSE:FIS) and Gap (NYSE:GPS) that are worth the closest looks. Here's why, and what to look for. Fidelity National Information Services (FIS)With nothing more than a quick glance it would be easy to jump to a bullish conclusion about Fidelity National Information Services, or as it's more commonly called, FIS. The 50-day moving average line has crossed back above its 200-day moving average line as of the end of last week, and it hit a new multiyear high yesterday. * 7 Small-Cap Stocks That Make the Grade In many regards, though, the one thing more alarming than losing ground is a failed breakout thrust. That's what we saw take shape with FIS stock on Monday, leaving traders with a tough choice to make, and soon. Click to Enlarge • The volume surge from Monday stems from news surrounding the recently-announced acquisition of Worldpay that Fidelity intends to make. Investors initially loved the idea, buying in earnest. That optimism quickly faded though, turning into a "sell the news" event.• Regardless of the underpinnings, if this is indeed a "sell the news" minded response, yesterday's action serves as a potential pivot.• That pivot will only be complete, however, if we see a close below the gray 100-day moving average line sometime this week. Gap (GPS)In the same vein as the FIS chart, shares of Gap have just gone through a volatile shakeup that actually clears the deck for some more meaningful movement. But, GPS is much further along in the process, and ultimately positioned to move in a bullish rather than a bearish direction. And, like Fidelity National, there's a little more work that needs to be done to seal the deal. Click to Enlarge • The big bullish move from early March was impressive, but clearly not built to last. Two weeks later, the gap had been closed (for the better).• Friday's bar is telling … the shape of it in particular. Though the stock closed at a loss for the day, it also closed well off the low for the day. The intraday reversal on high volume suggests the buyers were starting to wade back in.• A close back above the 100-day moving average line, plotted in gray, would cement the second wave of the recovery effort in place. Invesco (IVZ)Back on Feb. 26, Invesco was featured as a breakout candidate. Straight-line resistance had been snapped, and a key moving average line was on the verge of being hurdled. An upside-down head and shoulders pattern was even near completion.All of that has played out as suggested, even if the rally took a breather a couple of weeks ago. The advance since then has confirmed and renewed that rebound work. But, for traders that didn't step in then, there remains a great deal of room for more recovery. Click to Enlarge • The head-and-shoulders pattern is evident on both stock charts.• The bears' best shot at quelling the rally effort was preventing the move above last month's high around $19.90, marked with a blue dashed line.• Even with the recent strength, Invesco shares are still down roughly 40% from their early 2014 high, and below their white 200-day moving average line. That's the next most plausible technical resistance.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post 3 Big Stock Charts for Tuesday: Invesco, Gap and Fidelity National Information Services appeared first on InvestorPlace.
In late February 2019, Gap Inc. GPS announced plans t o split into two separate publicly traded companies , sending its stock soaring on the hopes the new structure will help sharpen its focus and boost sales. The retailer said it would spin off its most successful brand, Old Navy, into a separate, publicly-traded company. With its inexpensive basics, Old Navy has consistently accounted for more than 40 percent of the company's total annual sales.
Learn how Alibaba and Amazon compare in terms of each company's applied business model and understand the markets each company aims to reach.
Despite the REIT's sufficient liquidity position and coverage ratios, the company's operating results over the last 12 months are not commensurate with a Baa1 stable rated issuer. Management's 2019 guidance for lower occupancy levels and negative same store growth are also important drivers for the negative outlook. While the REIT's portfolio was 97% occupied at year-end, same-center NOI for Tanger's consolidated portfolio was down 1.3% compared to the same period a year ago.
Gap Inc NYSE:GPSView full report here! Summary * Perception of the company's creditworthiness is neutral but improving * Bearish sentiment is low and declining Bearish sentimentShort interest | PositiveShort interest is low for GPS with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on March 7. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold GPS had net inflows of $2.69 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator with a strengthening bias over the past 1-month. GPS credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Retail job losses during the first two months of 2019 has reached its highest level since 2009, according to placement firm Challenger, Gray & Christmas. And women are hit the hardest.
The retail apocalypse’s most recent round of closures will have an effect in Central Florida — but it may not be all bad. Topeka, Kan.-based discount retailer Payless ShoeSource Inc. was the latest to join other companies like New York-based Foot Locker (NYSE: FL), San Francisco-based Gap Inc. (NYSE: GPS) and Columbus, Ohio-based Victoria’s Secret (NYSE: LB) in revealing plans to close thousands of U.S. stores. Roughly 28 Central Florida Payless stores will close after the parent company’s February Chapter 11 bankruptcy reorganization filings. Gap still is finalizing its store closures, and a Victoria’s Secret representative declined to say which would be shuttered.
The consumer economy is strong, according to Jefferies analyst Randal Konik, despite downbeat December retail numbers.