|Bid||17.63 x 2200|
|Ask||17.74 x 1800|
|Day's Range||17.47 - 17.99|
|52 Week Range||15.11 - 31.39|
|Beta (5Y Monthly)||0.73|
|PE Ratio (TTM)||8.24|
|Earnings Date||Feb 26, 2020|
|Forward Dividend & Yield||0.97 (5.45%)|
|Ex-Dividend Date||Jan 06, 2020|
|1y Target Est||17.21|
Dillard's (DDS) unveils an activewear brand, Antonio Melani Active. This lifestyle brand is likely to help the company grab a share of the fast-growing activewear market.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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.
The pessimism over the stock may be overdone, analysts say. Gap, with new management, now has room to maneuver through its turnaround efforts.
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).
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.
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.
"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.
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.
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.
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.
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.
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%.
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 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.
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.